Changes

==World economic reform mapped==

==World economic reform mapped==

The G-20 in 2009 agreed to a far-reaching effort to revamp the economic system and impose much tighter regulation over financial institutions, complex financial instruments and executive pay. The new policies, if implemented, could lead to major changes and more outside scrutiny over the economic strategies of individual countries, including the United States.<ref>Edmund L. Andrews, "Group of 20 Agrees on Far-Reaching Economic Plan," [http://www.nytimes.com/2009/09/26/world/26summit.html?th&emc=th ''New York Times'' Sept. 25, 2009]</ref>

The G-20 in 2009 agreed to a far-reaching effort to revamp the economic system and impose much tighter regulation over financial institutions, complex financial instruments and executive pay. The new policies, if implemented, could lead to major changes and more outside scrutiny over the economic strategies of individual countries, including the United States.<ref>Edmund L. Andrews, "Group of 20 Agrees on Far-Reaching Economic Plan," [https://www.nytimes.com/2009/09/26/world/26summit.html?th&emc=th ''New York Times'' Sept. 25, 2009]</ref>

One goal is to reduce the immense trade imbalances between export-dominated countries like China and Japan and debt-laden countries like the United States, which has long been the world’s most willing consumer.  

One goal is to reduce the immense trade imbalances between export-dominated countries like China and Japan and debt-laden countries like the United States, which has long been the world’s most willing consumer.