Will G20 Take Collective Stand on Capital Controls?

Leaders of the G20 will meet in Seoul on Nov. 11 and 12 to discuss a myriad of issues concerning global financial stability and economic recovery. In many ways, the G20 Seoul Summit is significant because for the first time it is hosted by a non-G8 nation and one in Asia too. The two-day Seoul summit covers an expansive agenda, ranging from global safety nets to new rules on bank capital and liquidity requirements to reforming the International Monetary Fund (IMF).
It remains to be seen how much of this agenda could be accomplished given the sharp differences among G20 member countries on key issues. The summit is likely to be overshadowed by the…