Politically, the ROK'S hosting of the G-20 summit is a historic event which signify the paradigm shift from G-8 to G-20 as well as the emergence of the ROK as a main player of the international community from a mere peripheral country in Asia.
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It also a great accomplishment attained by the President and the whole nation together signaling that the ROK, arising from its passive role, began taking part in forging new frames and plates of the international order.
with the hosting of the G20 summit, the ROK as a world leader will lead the rearrngement of the iternational order and truly join the league of advanced nations.
Economically, the ROK's hosting of the G-20 summit constitutes to an international acknowledement toward the President's efforts to take initiative in managing the world economy such as rejecting trade protectionism and calling for inernational in forging macro economic policies.
This is a reflection of the international community's trust toward the ROK for effectively taking policy measures in overcoming the economic crisis as well as high hope for the ROK to act a meadiator between advanced nations and developing ones.
In particular, this is a positive assessment of the international community of the President's global leadership in swiftly pulling the ROK economy out of the downturn and thus setting an excellant example of weathering economic crisis.
The launching of the G-20 regime indicates a shift in the existing economic system led by the G-8, and the ROK, in the process, will arise as a key player which can change the landscape of the world economy.
Such enhanced status of the ROK will not only ease the so-called Korea discount, but also contribute to expanding investment and export of Korea, thus creating the so called Korea Premium.
In term of the real economy, added values worth over 1 trillion Korean won are expected to be generated.
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