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The crisis of 2007-09 was a lesson to policymakers that international policy cooperation was needed to increase global demand.
De Beers decided to become a retailer, he said, because the company realized that "other luxury products were outperforming diamond jewelry," and because it wanted to reinvigorate the fragmented retail trade and increase global demand for diamonds.
"With others, we continue to argue we need to increase global demand by rebalancing where surplus countries spend more, helping deficit countries to increase their exports and grow faster".
Mr Cameron yesterday put his name to a letter to current G20 president France - also signed by the leaders of Australia, Canada, Indonesia, Mexico and South Korea - warning that the path out of recession will be "difficult" and arguing that the world's biggest economies must agree at the Cannes Summit in November to work together to increase global demand without creating unsustainable imbalances.
This would increase global demand for the dollar, in that the dollar transactions area would be a more profitable place to do business.
But they failed to take into account that using land for biofuel palm oil would simply increase global demand for palm oil overall, and that would lead to more rainforest being felled to meet demand elsewhere.
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"We have to compete with increasing global demand for skilled migrants," he said.
There is also increasing global demand for American-style higher education.
While American companies continued to dominate this market, increasing global demand stimulated non-American manufacturers.
Increased global demand for fuel has added to the pressure on prices.
Shale gas has recently emerged as a promising energy source to face the increasing global demand.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com