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South Korean President Lee Myung-bak will undoubtedly be a happy host when he welcomes world leaders to Seoul for the G20 Summit in November, which is clearly the most important business event the country has ever hosted.
Whether the G20 arrangement ever lives up to its massive early expectations as the rebuilder of global finance, as well as continuing to maintain its relevance as the main vehicle for designing and implementing international economic policies, however, remains to be seen.
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