ERROR: glib-2.12 required to compile QEMU
~/qemu-1.7.0$ sudo apt-get install libglib2.0-dev
Reading package lists... Done
Building dependency tree
Reading state information... Done
libglib2.0-dev is already the newest version.
0 upgraded, 0 newly installed, 0 to remove and 72 not upgraded.
After poking through the configure script, I suspected a pkg-config issue.
The export below resolved my issue -