G-20

By: James MinyardDanny Lourence

And Miss Maruna

G-20 Members

Africa- South Africa, Saudi Arabia Europe- France, Germany, Italy, United

Kingdom Asia- China, Japan, India, Indonesia, Republic

of Korea, Turkey, Russia Australia European Union

Russia spans from all of northern Asia to 40% of Europe

North America- USA, Mexico, Canada

South America- Argentina, Brazil

G-20 Membership Criteria

No formal criteria Restricted and fixed to ensure

effectiveness and continuity Regions of systemic significance for the

international financial system Geographical balance and population

representation also major parts Composition of group has not changed since it

was established

Beginning of G-20

Established in 1999 (1st meeting in Berlin on Dec. 15-16, 1999) Response to 1997 Asian Financial Crisis

Brings together major advanced & emerging economies

Stabilized the global financial market Further strengthened international

cooperation

G-20 Chairs

South Africa (2007) Brazil (2008) UK (2009) Republic of Korea

(2010) France (2011,

current)

Canada (1999-2001)

India (2002) Mexico (2003) Germany (2004) China (2005) Australia (2006)

G-20 Summits (Head of Governments)

Nov 14–15, 2008 (Hosted by George W. Bush) Held at Washington D.C.

April 2, 2009 (Hosted by Gordon Brown) Held at London, United Kingdom

G-20 Summits (Head of Governments cont.)

September 24–25, 2009 (Hosted by Barack Obama) Held at Pittsburgh, United States

June 26–27, 2010 (Hosted by Stephen Harper) Held at Toronto, Canada

2010 Toronto Summit

G-20 Summit Protests

• Belief that the G-20 members caused economic crisis

• Wealthy Nations v. Common Person

2008 Global Crisis

Toronto Protest Video http://www.youtube.com/

watch?v=GaYbq484abs&feature=player_embedded

G-20 Summits (Head of Governments cont.)

November 11–12 (Hosted by Lee Myung-bak) Held at Seoul, South Korea

November 3-4 is the next projected meeting at Cannes, France (Hosted by Felipe Calderón)

G-20 Tasks

Framework for strong, sustainable, and balanced growth

Strengthen the International Financial Regulatory System

Modernizing our Global Institutions to reflect today's Global Economy

Reforming the mandate, mission, and governance of the IMF

Reforming the mission, mandate, and governance of our Development Banks

Energy Security and Climate Change Strengthening support for the most vulnerable Putting quality jobs at the heart of the recovery An open global economy

G-20 Accomplishments

Agreement about policies for growth Reduced abuse of the financial system Dealt w/ financial crises and combated

terrorist financing Aims to:

Foster adoption of internationally recognized standards

Combat abuse of financial system by higher standards of transparency Also by exchange of information on tax matters