could further divide the G20, strategists suggest. The BRICS are, as a rule, not in favor of the military intervention being trumpeted by Washington and Paris. Business has taken a back seat and it should move to the front seat, Mustafa Abdel-Wadood, chairman of the executive committee at the private equity group Abraaj told me. Politics tops the agenda. The business agenda is headed by the near-panic reaction to a planned tapering of bond purchases by the U.S. Federal Reserve. Since Federal Reserve Chairman Ben Bernanke uttered word of that change in strategy back in May, money has been flooding out of emerging markets. Ahead of this week's summit senior Chinese finance officials went out of their way to suggest, during a news conference in Beijing, the Federal Reserve should be more cautious with its approach. China's Vice Finance Minister Zhu Guangyao welcomed signs of the U.S. recovery but said Washington must consider the spill-over effect of its monetary policy, especially the opportunity and rhythm of its exit from the ultra-loose monetary policy. The end of easy money or loose monetary policy in the U.S. is exposing the cracks in the emerging markets, which rode a decade-long, powerful wave of commodity-driven growth. Without that export demand for grains, gold, palm oil, rubber, minerals and even manufactured goods, economies such as Brazil, India, South Africa,