The long awaited Summit of world leaders finally arrived today. Many world leaders have been hoping for more regulation in the world market, but President Bush still believes in the free market. He is going to continue defending it noting that not everything needs to drastically changed, only certain things need to be fixed. However, world leader's may not really be listening, as they are awaiting the arrival of the new President-elect Obama and his ideas on the subject, as discussed by CNN. In fact, the New York Times started in an article today that the countries have decided to postpone decisions on regulations until next year when he is in office. Which leads us to the question on everyone's mind. How will Obama address the global community? What can he do to deal with the free market and the several conflicts going on around the world when he still has to clean up the mess at home? 

Meanwhile, as the Washington Post stated in its article, some changes are already happening, with Chinese and Indian leaders calling for more representation from developing countries in important meetings such as these. India said that the G7 is no longer a sufficient group to deal with world problems, and the structure needs to change to reflect economic realities.