Summit offers trade-off for developed and developing nations

This week's economic-crisis summit will pit US and Canadian support for free markets against European demands for greater state control.

In the middle will be developing nations that hold increasing sway over the future of the global economy and don't want the trade-off between regulation and economic expansion to come at their expense.

The leaders of the Group of 20 industrial and emerging countries, gathering Nov 14 and 15 in Washington, will consider steps ranging from raising bank-capital standards to regulating hedge funds.