18 Nov G20 Argentina Attorney Lawyer Buenos Aires
G20 Argentina Attorney Lawyer Buenos Aires
Collectively, G20 members represent all inhabited continents, 85% of global economic output. In fact, they represent two-thirds of the world’s population and 75% of international trade.
Moreover, G20 policy-making benefits from the participation of key international organizations regularly invited to G20 meetings. In addition, there are guest countries invited at the president’s discretion and engagement groups composed of different sectors and the civil society.
A leading global forum
Above all, the Group of Twenty (G20) is a leading forum of the world’s major economies. Indeed, it seeks to develop global policies to address today’s most pressing challenges. As a matter of fact, the G20 consists of 19 countries and the European Union. For example, the 19 countries are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States.
The G20 was born out of a meeting of G7 finance ministers and central bank governors in 1999. In fact, they saw a need for a more inclusive body with broader representation. Likewise, said representation would have a stronger impact on addressing the world’s financial challenges. The G7 invited leading markets – both developed and emerging – to form a new ministerial-level forum: the G20.
In 2008, amidst the global financial crisis, the world saw a need for new consensus-building at the highest political level. Since then, the G20 summits have been attended by heads of State or Government. Thus, the G20 was instrumental in stabilizing the world economy. Since then, its agenda has expanded to include additional issues affecting financial markets, trade and development.