Since the outbreak of the Euro zone banking as well as sovereign debt crises, the focus of the G-20 has shifted back to addressing short run issues, however. The imminent risks for advanced economies include financial fragility, excessive sovereign debt, weak growth and high unemployment. Emerging economies remain vulnerable in an uncertain environment as de-leveraging by global banks and the 'search for yield' exerts pressures on them.

It is in this context that ICRIER and ADBI will organize their fourth G-20 conference in New Delhi in October 2012.

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