G-8 Clout Diminishes As Other Nations Emerge At the G-8 summit in Italy, the developed nations are pressing China, India and other emerging market countries on such issues as greenhouse gas emissions and trade. But the G-8 clout is diminishing. Recent weeks have brought increasing evidence of the "decoupling" of the emerging economies and the developed economies. Many of the advanced economies are burdened by heavy debt and facing gloomy economic prospects, while the emerging economies — especially China and India — are poised to lead the way to a global recovery.
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G-8 Clout Diminishes As Other Nations Emerge

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G-8 Clout Diminishes As Other Nations Emerge

G-8 Clout Diminishes As Other Nations Emerge

G-8 Clout Diminishes As Other Nations Emerge

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  • <iframe src="https://www.npr.org/player/embed/106437875/106437867" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

At the G-8 summit in Italy, the developed nations are pressing China, India and other emerging market countries on such issues as greenhouse gas emissions and trade. But the G-8 clout is diminishing.

Recent weeks have brought increasing evidence of the "decoupling" of the emerging economies and the developed economies. Many of the advanced economies are burdened by heavy debt and facing gloomy economic prospects, while the emerging economies — especially China and India — are poised to lead the way to a global recovery.