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G20

G20. 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.

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G20

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  1. G20 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

  2. G20 Toronto Protest • http://www.youtube.com/watch?v=I-h-YIj4jRw

  3. History and Purpose.. • 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

  4. Represents • 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.

  5. Who belongs to G20.. • 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.

  6. Why is the g20 important? • 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.

  7. Current issues… • 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.

  8. Achievements • 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

  9. References • http://www.youtube.com/results?search_query=g20&oq=g20&gs_l=youtube.3..0l10.186.186.0.507.1.1.0.0.0.0.148.148.0j1.1.0...0.0...1ac.1.bqpgx4ILlkA • http://www.g20.org/docs/about/about_G20.html

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