Finance ministers from the G20 group of leading economies will struggle to secure consensus on how to avert a “currency war” at meetings that begin on Friday in the South Korean city of Gyeongju.
Part of the world’s attention over the next few days is likely to be on whether cracks are emerging in the G20 process itself and whether the group continues to be relevant after its show of co-ordination in late 2008 and early 2009.
India this week complained of difficulties in maintaining cohesion among G20 nations, and emerging heavyweight Brazil has decided not to send its finance minister or central bank chief to Gyeongju.
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