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Risk of protectionism growing

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On the occasion of the G20 Seoul Summit and Business Summit, The Korea Times held an email interview with two financial gurus ― Standard Chartered CEO Peter Sands and Citi CEO Vikram Pandit ― to share their insights about the global financial market and economy in the post-crisis world. ― ED.

By Kim Jae-kyoung

The Group of 20 (G20) nations have successfully pulled the world economy back from the brink by their coordinated policy response. However, with the global crisis phasing out, major countries are focusing more on their own interest rather than overhauling the global financial system.

In an interview with The Korea Times, Standard Chartered CEO Peter Sands said that the specter of protectionism and