What is the G20?
• The chief meeting of the international cooperation on the most
important issues of the global economic and financial agenda.
• 19 countries:
Argentina, Australia, Brazil, Canada, China, France, Germany, Ind
ia, Indonesia, Italy, Japan, the Republic of
Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the
United Kingdom, the United States of America plus the European
• Current chair is Russia
• Founded in September of 1999 in Washington DC because
they needed to solve the major crisis of 1997-1998 (evolving
• First meeting was held in 2008 in Washington DC to stabilize
• A. Policy coordination within members to improve the
stability of the economy
• B. Regulations that reduce future financial crisis
• C. Modernization of architecture
• The G20 account for:
• 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
What is on their agenda?
• This article discusses India´s viewpoint on the G20. The
president believes that in order to get things done, the G20 has
to set their agenda as to what their main goal is because they
cant go about solving all problems. G20 agenda should be
sharper and focused only on those issues on which it can make
a distinctive contribution, particularly, on economic and
financial matters. He also points out that the G20 might
become a loose forum instead of a powerful steering wheel of
What is the G8?
• G8 is an organization that brings together 8 global leaders to address
international issues and tackle the most pressing global challenges.
• 8 countries: UK, Canada, Russia, United States, Italy, Japan, Germany and
• In order to be a part of the G8, the country has to be a leading nation,
industrial country and have a democratic society
• Every meeting, the country where the event is hosted is in charge of the G8
chair. It is responsible for organizing the summit, ministerial and meetings
• Current chair is UK
• 1973: world experienced the second greatest economic crisis (oil
price shock). The United States, west Germany, France and the UK
met informally to discuss these issues
• 1974: Japan is invited to the meetings
• 1975: the French president of the time, wanted to make these
meetings more formal. He invited Italy to be a part of it and the six
nations came to an agreement that they would meet annually
• 1976: Canada joins
• 1998: after the fall of the soviet union, Russia joins
• Promote growth and address global economic problems
• Resolve conflicts and promote peace between member countries
• the energy crisis
• terrorist activity
• war in Iraq
• Promote cooperation between countries on issues such as finance and
• Discuss about international issues
• Open discussions about the important global issues of the day
• This article was written on June 18, 2013. It discusses the
different points of view between Russia and the USA on
Syria. Although they have different ideas as to how to
arrange the conflict, both agree that there must be a peace
agreement. Obama and his allies want Assad to give up
power while Putin, believes that would be disastrous at a
time when no clear transition plan exists.
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