Acontecimientos Sociales

The G20 Leaders’ Summit, the most important multilateral event ever hosted by Mexico, were celebrated past june. President Calderón subsequently briefly described the most important agreements reached within the framework of the Summit in order to contribute to addressing several of today’s challenges. So as a part of this homework I analyze each commitment:





The Los Cabos Action Planfor Growth and Employment was signed. The plan established commitments to deal with the eurozone, strengthen demand, economic growth and financial systems, ensure the fiscal consolidation of advanced economies, reinforce solid, sustainable growth in emerging economies and maintain trade liberalization. To this end, an innovative Accountability Mechanism for G20 Objectives was implemented.

TheIMF’s financial resources were increased to over $450 billion USD. This constitutes the greatest capitalization in the history of the Fund, which will increase its capacity to provide support and loans for coping with economic crises.

México is definitely benefited from this measure because historically the IMF´s has lent money almost every time it need it. So increased the financial resourcesit´s more than important is necessary for countries , when they are looking for growth and avoid bad effects from economic crises.


Trade facilitation measures were adopted in order to reject protectionism, since it is in the interest of all the Group members to prevent the escalation of protectionism measures from leading to further recession. The president declared that the main agreementestablished was to extend the Stand Still Clause to 2014, which involves abstaining from implementing protectionist measures, and will guarantee certainty for international markets.

This measure is difficult because it´s easier use protectionism measures. But looking for efficiency, each country is obligated to improve their process and produce better products with lower costs and higherprofits.
Nowdays countries must understand that markets are complicated and just the most apt it´s goint to survive. So at the end I think it´s in benefict of everyone.


Advancements were achieved in improving the regulatory framework in order to strengthen financial systems. Progress was made in the creation of an institutional framework, as a result of which the Financial Stability Council willbe created, with new statutes to enhance its operativeness and governance.

A really good one. The economic crisis from 2008 was exactly caused because these regulatory framework didn´t exist. In a global world what happened it a country can affect enourmostly to others, specially when there is an strong relation between each other like USA and Mexico.
If we analyze this can be a really goodmeasure for most of the countries.

In regard to financial inclusion, the president declared that agreements were reached for the Global Alliance for Financial Inclusion, which will measure the progress in the extension of financial services to the population with least resources. In addition, greater financial education will be promoted and protective measures increased for the users of financialservices for savings, credits and insurance.

Even when I think this measure is a must for every government is good to know that now is part of the objetives of these liders. If people know how to keep their money, how to spend it and how to get a good life in future we certaintly have a comun future as a country. Mexico need this compromise from their leaders because this issue until today isa problem.


In regard to food security, the G20 agreed to promote greater public and private investment in order to promote agriculture, develop technology and increase the productivity of the sector. The president announced that Mexico will host the G20 Agricultural Chief Scientists in September. An Agricultural Market Information System (AMIS) will be created to prevent worldwide food...