Roundup: No return to pre-globalization world: German chancellor

German Chancellor Angela Merkel has reiterated her support for globalization as Germany assumes Group of 20 presidency, saying that there will be no return to a pre-globalization world.

Merkel, who has announced her candidacy for a new term in the general election next year, made the remarks in a regular weekend video message posted on the official website of the chancellory.

But she also admitted that there are concerns about the globalization process which needs to be addressed.

"Our economies and countries are interconnected as never before. Globalization brings enormous benefits, but it is also a cause of concern to people," she said.

"There will be no return to a pre-globalization world. But we can influence the path globalization takes, establish rules for it and put people at its center," she added.

The chancellor cautioned against isolationism, new forms of nationalism and protectionism, saying that none of them will be helpful.

Talking about Gemany's G20 presidency beginning on Dec. 1, Merkel said one issue in particular always tops the G20 agenda -- the stability of the international financial system and the global economy.

"We want to look in depth at how we can bring about stronger growth that is also sustainable and of benefit to as many people as possible," she said.

"I firmly believe that the G20's talks and cohesion in the group are of particular importance these days," Meckel said.

The chancellor listed some other issues which will also top the agenda of G20 during Germany's presidency: fostering responsible global climate policy, helping African countries expand their economic potential and strengthening global health crisis management.

"Shaping the interconnected world" is the motto of German presidency, she said, noting that she and the German Federal Government will do their utmost to live up to the motto. Endit