20 includes the G-7 leading industrialized nations -- Canada, France, Germany, Italy, Japan, the United Kingdom and the United States -- as well as the world's largest developing economies: Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa, South Korea and Turkey, plus the European Union. Brown reiterated his recent call for "a global New Deal" to retrigger growth, reform global institutions and lay the groundwork for a more environmentally friendly economic future. A "green, low-carbon" recovery is possible, he said. If countries such as the United States and Britain work together, "the opportunities are there." The two leaders agreed that a turn towards protectionism would only accelerate the economic decline. "Globalization can be an enormous force for good," Obama said. But it is a mistake to keep a "1930s regulatory system in place in most countries" when "trillions of dollars ... can now move at the speed of light." Brown noted that the "special relationship" between the United States and Britain remained a "strong partnership" which is borne out of shared values [and] driven forward by the need to act in unity to address world's problems." Obama agreed, adding that the relationship, bolstered by a common language and culture is "a link, a bond there that will not break."
