Group of Twenty

Willem vd Heerik 0836105 IBMS104

Introduction G20 Currency war Conclusion

Group of 19 countries and the E.U. Main forum for global economic development. Important industrialized and developing economies. Supports growth and development across the globe.

Established in 1999
In response of the financial crisis in the late 1990s

Annual meetings 1999-2008

Semi annual 2008-2010 90% worldwide GDP 80% global trade 65% global population

Members

Finance ministers Of :

And central bank governors

Argentina Australia Brazil Canada China France Germany India Indonesia Italy Invitees

Japan Mexico Russia Saudi Arabia South Africa Republic of Korea Turkey U.K. U.S.A. E.U*

The scope of financial regulation has been largely broadened. Prudential regulation and supervision have been strengthened. A framework for a strong, sustainable and balanced growth designed to enhance macroeconomic cooperation.

Biggest topic of latest G20 summits. Major influences on import & export across the globe.

Competitive devaluation Currency vs Currency International affairs

+ Encourages domestic production. - Import prices + Export prices - Foreign investments

In the coming years, the G20 will have to face very big global financial issues. Currency wars will stay one of the biggest threats to the G20 countries. One solution would be to create another very big currency, that could replace or compete against the Dollar, Yen or Euro.

Questions ?