This week, global leaders will soldier on and make steady progress--if not spectacular breakthroughs--toward ambitious objectives in several critical but challenging fields. On The Economic Front: Amid a housing crisis, credit shortage, slowing growth and rising inflation fueled by spikes in energy and food prices, summit leaders are likely, for the first time in a decade, to grapple seriously with core economic and financial subjects. They will set important principles for improved financial supervision and regulation, for governing sovereign wealth funds, for reducing subsidies, price and investment controls and secrecy in energy markets--all while providing political push for shared and secure innovation and open investment and trade. On The Environmental Front: Climate change is the defining challenge for the summit as a...
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