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45779102-G20-PPT

45779102-G20-PPT

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Published by: Deepak Singh on Nov 10, 2011
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05/01/2012

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G-20 Summit

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Synopsis


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Introduction Organization Member Countries & Organization History Former G20 Chair Objective of G20 Summit Invites Summits
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Synopsis   Critiques FAQ 3 .

Their heads of government or heads of state have also periodically conferred at summits since their initial meeting in 2008.Introduction  The Group of Twenty Finance Ministers and Central Bank Governors (G-20. which is represented by the President of the European Council and by the European Central Bank. Group of Twenty) is a group of finance ministers and central bank governors from 20 economies: 19 countries plus the European Union. Collectively. 80% of world trade (including EU intratrade) and two-thirds of the world population 4 . the G-20 economies comprise 85% of global gross national product. G20.

including emerging market countries. government leaders decided to involve a broader group of countries. respectively). The G-20 was created in 1999 as a more permanent international economic body that includes representation from emerging countries. . A group of 22 countries (“G-22”) and then a group of 33 countries (“G-33”) met on an ad hoc basis. to deal with the turmoil. In the 1990s.Why was the G-20 established?    The G-20 was established as a response to the Asian financial crisis of the late 1990s and to a “growing recognition that key emerging-market countries were not adequately included in the core of global economic discussion and governance. given the extent of the Asian financial crisis. which convene finance ministers and heads of government.” according to the G-20’s public materials. A smaller group of industrialized nations has been meeting since the 1970s (the G-7 and G-8.

The chair is part of a revolving three-member management group of past.Organization     The G-20 operates without a permanent secretariat or staff. it will be handed over to France. after the G20 Summit during November 11-12. present and future chairs referred to as the Troika. The chair rotates annually among the members and is selected from a different regional grouping of countries. 6 . The current chair of G20 is South Korea. The role of the Troika is to ensure continuity in the G-20's work and management across host years.

In addition. These include. at the leaders summits. Spain and the Netherlands took part in the last 35 meetings despite not being recognized members. there are 20 members of the G20. at the ministeriallevel meetings.Member Countries & Organization  In 2010. 7 . and. the finance ministers and central bank governors of 19 countries and of the European Union. the leaders of 19 countries and of the European Union.

Members          Japan Mexico Russia Saudi Arabia South Africa Republic of Korea Turkey United Kingdom United States of America 8 .

Members            Argentina Australia Brazil Canada China France Germany India Indonesia Italy European Union 9 .

In addition to these 20 members. as represented by their respective chief executive officers. participate in meetings of the G-20      the Managing Director of the International Monetary Fund the Chairman of the International Monetary Fund the President of the World Bank International Monetary and Financial Committee the Chairman of the Development Committee 10 . the following forums and institutions.

History 11 .

including emerging market countries. The G-20 was created in 1999 as a more permanent international economic body that includes representation from emerging countries. respectively). government leaders decided to involve a broader group of countries. . to deal with the turmoil. In the 1990s. A smaller group of industrialized nations has been meeting since the 1970s (the G-7 and G-8.” according to the G-20’s public materials. which convene finance ministers and heads of government. given the extent of the Asian financial crisis. A group of 22 countries (“G-22”) and then a group of 33 countries (“G-33”) met on an ad hoc basis.Why was the G-20 established?    The G-20 was established as a response to the Asian financial crisis of the late 1990s and to a “growing recognition that key emerging-market countries were not adequately included in the core of global economic discussion and governance.

History The proposals made by the G-22 and the G-33 to reduce the world economy's susceptibility to crises showed the potential benefits of a regular international consultative forum embracing the emerging-market countries. 13 . Such a regular dialogue with a constant set of partners was institutionalized by the creation of the G-20 in 1999.

Former G-20 Chairs           1999-2001 Canada 2002 India 2003 Mexico 2004 Germany 2005 China 2006 Australia 2007 South Africa 2008 Brazil 2009 United Kingdom 2010 South Koriya 14 .

15 . reviews. and promotes discussion (among key industrial and emerging market countries) of policy issues pertaining to the promotion of international financial stability. and seeks to address issues that go beyond the responsibilities of any one organization.Objective of G-20 Summit  It studies.

Objective of G-20 Summit 16 .

the International Labor Organization. the Organization for Economic Cooperation and Development. Malawi (chair of the African Union). the World Bank. the World Trade Organization. both Canada and South Korea invited Ethiopia (chair of NEPAD). Canada and South Korea invited seven international organizations: the United Nations. and the Financial Stability Board. Vietnam (chair of ASEAN). 17 . the International Monetary Fund. For the 2010 summits. Canada also invited the Netherlands (world's 16th largest economy) while Korea invited Singapore. for example.Invites     The invitees are chosen by the host country. and Spain.

C. London Pittsburgh Toronto Seoul Cannes TBD  Date 1st D. 2nd 3rd 4th 5th 6th 7th November 2008 April 2009 September 2009 June 2010 November 2010 November 2011 2012  United States United Kingdom United States Canada South Korea France Mexico       18 . Summits Host country Host city Washington.

and think it's highly unfair if they have been cut out.U. and thus not represented in the G-20 even indirectly. like the other 180 nations not among the G-20. has little or no voice within the group. Norway. Expanse of large amount of money. Store characterized the G-20 as a "self-appointment group“. they want the G-21.     19 . it is not a member of the E. Norway is the largest contributor to development programs in the World Bank and United Nations.Critiques  Global Governance Group (3G) response everybody wants 21st largest nation in the world.

20 . There are no formal criteria for G-20 membership and the composition of the group has remained unchanged since it was established.FAQ  What are the criteria for G-20 membership ? In a forum such as the G-20. it is particularly important for the number of countries involved to be restricted and fixed to ensure the effectiveness and continuity of its activity.

21 . To this extent the influence a country can exert is shaped decisively by its commitment. Every G-20 member has one 'voice' with which it can take an active part in G-20 activity. recommendations and measures to be adopted.FAQ  Can all member countries exert equal influence? Achieving consensus is the underlying principle of G-20 activity with regard to comments. There are no formal votes or resolutions on the basis of fixed voting shares or economic criteria.

 THANK YOU 22 .

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