South Korea, desperately craving global attention, has been engaging in a shopping spree for mega international events over the past two decades, and the next big exposure comes in November.
However, descending on Seoul this time around wouldn't be star Olympians or millionaire footballers, but a less athletic group of men who nonetheless are equal as the planet's most powerful individuals, gathering over a task none other than to save the world.
The Group of 20 leading economies has now replaced the narrower, Western-dominated G-8 as the primary global forum for economic policy. And the meeting in Seoul between the leaders of G-20 member countries will double as a deadline to produce an outcome that goes beyond diplomatic blather and provides a detailed set of measures to inject new life into the world economy, and fix global financing.
The Nov. 11 to 12 meeting in Seoul, which will be the fifth summit following the fourth in Toronto next month, will also be an important platform for fast-developing nations such as China, Brazil, India, and of course South Korea, to wield larger influence on key issues related to global economic stability.
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