Job Creation: Climate Change and European Union

job creation: Expanding on the results of previous presidencies, the summit leaders the heads of 19 countries plus the European Union decided to take concrete action to advance the three aims of building resilience, improving sustainability and assuming responsibility, according to The Japan Times. They resolved to tackle common challenges to the global community, including terrorism, displacement, poverty, hunger and health threats, job creation, climate change, energy security and inequality as a basis for sustainable development and stability. ; The G-20, which accounts for 85 percent of the world economy and 80 percent of global trade, successfully controlled the damage from the 2008 financial crisis by macro-level economic policy coordination. The G-20 summit took place in Hamburg, Germany, from July 7 to 8 under the slogan of shaping an interconnected world. The coordinated actions by the G-20 countries from 2009 to 2012 helped inject liquidity into markets and recapitalize international financial institutions, as well as provide a formula for global economic recovery and future crisis avoidance. The G-20 was also given credit for moderating trade conflicts and averting currency wars. Its efforts during that period were also hailed as an exemplar of cooperation between developed and emerging economies. (news.financializer.com). As reported in the news.