President-elect Barack Obama did not send representatives to the APEC Global Climate Summit but he recorded this message promising “a new chapter of American leadership on climate change.”
The 21 economies of the Asia Pacific Economic Cooperation (APEC), which represent more than half of the world’s productive power, assured the world yesterday (Sunday) at the end of a 2-day summit in Lima, that the global financial crisis can be quelled in 18 months. But how they expect this to happen - or how their governments can help remains to be seen.
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