Download G20 - ClassNet

CIGI conducts an active program of
research, policy analysis, conferences and
workshops on G20 challenges and issues,
cutting across several program themes
including the Global Economy,
Environment and Energy and Global
Security. CIGI convened its first G20
Working Group in December 2009.
By: Ben and Joanna
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http://www.youtube.com/watch?
v=I-h-YIj4jRw
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The G20 was created in 1999 because of the
financial crises in the late 1990s.
G20 Leaders met for the first time in 2008 in
Washington, D.C.
The G20 played a crucial role in responding to
the global economic and financial crisis.
The G20 had set a framework for
preventing future financial crises
Secures sustainable and balanced global
growth
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G20 members represent almost:
1. 90% of global GDP.
2. 80% of international global trade.
3. 2/3 of the world's population lives in G20
member countries.
4. 84% of all fossil fuel emissions are produced
by G20 countries.
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Countries involved:
Canada, Italy, Indonesia, India, European union,
Germany, Great Britain and Northern Ireland,
Brazil, Argentina, Australia, Japan, South Africa,
France, Turkey, USA, Saudi Arabia, Russian
federation, Mexico, Korea and China.
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The growth of Brazil, Russia, India and China (BRIC
countries) has driven the growth of the global
economy. The G-8 countries hence, grow slower.
The BRIC countries are critical for ensuring continuing
global economic prosperity.
In the past, leaders of the G-8 could meet and decide
on global economic issues without interference from
the BRIC countries however, these countries have
become more important in providing the needs of the
G-8 countries: Russia provides most of the natural gas
to Europe, China provides most manufacturing for the
U.S. and India provides high tech services.
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The G20 Leaders Summit last had a meeting in
Mexico, June 18-19 2012 and discussed some issues
they are facing.
Leaders are trying to promote job growth in a
challenging economic context (high financial market
tensions and financial imbalances).
Euro members agreed to take all necessary policy
measures to improve functioning of financial
markets, in a safe and stable process area.
Euro members agreed that multilateralism is of
great importance in the current climate; best asset to
resolve the global economies difficulties.
Supporting infrastructure investment, in order to
improve living conditions across the globe and
protect the most vulnerable.
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Emerging economies such as BRIC- BRAZIL,
RUSSIA, INDIA AND CHINA
Reforming international financial institutions
improving quality of financial regulations in
economies whose regulatory problems led to
the crisis
Creating financial and organizational safety
nets to prevent severe economic slumps in the
future
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http://www.youtube.com/results?search_que
ry=g20&oq=g20&gs_l=youtube.3..0l10.186.186.
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http://www.g20.org/docs/about/about_G20.
html