Global Terrorism and its types and prevention ppt.
G20.pdf
1. G20: The Global Power Play
Done By:
Cadet: A.Taral Reddy
Regiment No: TG2022JDF114236
School: Silver Oaks International School
Unit: 2(T)AIR SQN (TECH) NCC
Group: Secunderabad
Directorate: AP AND TELANGANA
2. What is the G20?
The Group of Twenty, or G20, is an international forum
consisting of the world's largest economies. It was established
in 1999, in response to the financial crises of the late 1990s,
with the aim of promoting international economic cooperation
and decision-making. The G20 includes both developed and
developing countries, representing around 85% of global GDP
and two-thirds of the world's population.
The primary focus of the G20 is on economic issues, such as
trade, investment, and financial regulation. However, it also
addresses broader issues such as climate change, energy,
and development. The G20 operates through a series of
meetings and summits, where leaders and ministers from
member countries come together to discuss common
challenges and develop coordinated responses.
3. History of the G20
The G20 was established in 1999 as a forum for finance ministers and central
bank governors from the world's largest economies to discuss international
economic issues. Initially, it included just 19 countries and the European Union,
but later expanded to include 20 members with the addition of Spain in 2008.
The G20's role expanded significantly in response to the global financial crisis
of 2008-09, when it became a key forum for coordinating policy responses and
restoring confidence in the global economy. Since then, it has continued to play
an important role in facilitating international cooperation on economic issues,
including trade, investment, and financial regulation.
4. Membership of the G20
The G20 is made up of 19 countries plus the European Union,
which represents a total of two-thirds of the world's population
and 85% of global GDP. The member countries are Argentina,
Australia, Brazil, Canada, China, France, Germany, India,
Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South
Africa, South Korea, Turkey, the United Kingdom, and the
United States.
Each member country has a different role to play within the
G20. For example, the United States is the largest economy in
the world and plays a major role in shaping global economic
policy. China, on the other hand, is the world's second-largest
economy and is seen as a key player in the development of
emerging markets. Meanwhile, countries like South Africa and
Indonesia represent important voices from the developing world
and bring unique perspectives to the table.
5. Achievements of the G20
Since its establishment in 1999, the G20 has made significant strides in promoting
international economic cooperation and stability. One of its most notable achievements was
its response to the 2008 financial crisis, where it coordinated a global effort to stabilize
financial markets and prevent a deeper economic recession. This collaborative approach
helped to restore confidence in the global economy and prevented a potential meltdown that
could have had disastrous consequences for millions of people around the world.
In addition to its crisis management efforts, the G20 has also played a key role in driving
forward important reforms in areas such as trade, taxation, and financial regulation. For
example, the G20 has been instrumental in advancing the implementation of the Base
Erosion and Profit Shifting (BEPS) project, which aims to prevent multinational corporations
from using aggressive tax planning strategies to avoid paying their fair share of taxes. The
G20 has also worked to promote free and open trade, including through the negotiation of
major trade agreements such as the Trans-Pacific Partnership (TPP) and the Transatlantic
Trade and Investment Partnership (TTIP).
6. G20 Mission and Vision
Mission:
The G20 is an international forum for the
governments and central bank governors
from 19 countries and the European Union.
Its mission is to promote international
financial stability and sustainable economic
growth, and to address pressing global
issues such as climate change, terrorism,
and poverty.
Vision :
The G20's vision is to create a more
inclusive and equitable global economy,
where all nations and people can benefit
from economic growth and development.
This includes promoting trade and
investment, addressing income inequality,
and supporting sustainable development
and environmental protection.
7. Challenges Facing the G20
One of the major challenges facing the G20 is the
issue of global trade. With the rise of protectionist
policies and trade wars, the G20 has been working to
promote free and fair trade in order to maintain
global economic growth.
Another challenge facing the G20 is the issue of
climate change. As one of the largest emitters of
greenhouse gases, the G20 has a responsibility to
take action to combat climate change and transition
to a more sustainable economy.
8. Future of the G20
As we look to the future of the G20, it is clear that this organization will continue
to play a critical role in shaping the global economy. With its diverse
membership and broad mandate, the G20 has the potential to drive significant
progress on key issues such as trade, climate change, and financial regulation.
However, there are also significant challenges facing the G20 in the years
ahead. These include rising protectionism, geopolitical tensions, and the need
to address growing inequality both within and between countries. To address
these challenges, the G20 will need to continue to evolve and adapt, finding
new ways to build consensus and work together towards common goals.
