Libya

Press conference at the last G8 Summit. (Photo:L. Blevennec/ Presidency of France)

Source: The New Indian Express

While the G20, that includes the rich countries and the emerging ones, is getting more and more relevance, the Arab unrest and the developments in Libya and Syria have given a new meaning and purpose to the Group of Eight (G8) most powerful nations, according to Himanshu Jha, National Coordinator of Social Watch India. In a column published by The New Indian Express newspaper, Jha said that the G20 seems to have "turned into a hotbed of global decision-making" in charge of "the traditional economic agenda".