In this regard, the contextual challenges for each economy should be given due weight. For example, in countries like India, employment and poverty reduction need to be given highest priority. Fourth, it is essential to recognize that co-ordination is necessary given the complex situation where neither the causes nor the solutions are clear-cut.
As a first step, there could, however, be a broad agreement on the directions and the first principles that are most appropriate. Emphasis on harmony in policies and search for co-operative solutions appears appropriate.