3. The G20
1. Argentina
2. Australia
3. Brazil
4. Canada
5. China
6. France
7. Germany
8. India
9. Indonesia
10. Italy
11. Japan
12. S. Korea
13 Mexico
14. Russia
15. Saudi Arabia
16. S. Africa
17. Turkey,
18. UK
19. USA
20. EU
Who is
missing?
What
problems
might this
represent?
4. Other Groups
• G77
• OECD
• G7
• Quickly check and write down what these
do.
• The BRIC countries are seen as those with
the greatest economic potential
• However there relatively small influence
on IGOs like the world bank or IMF
prompted them to have their own summit
to create their own institutions.
5. New Development Bank
• Competes with the IMF to finance
infrastructure and other development
projects with a budget of $50bill a year
6. Contingent Reserve Arrangement
• Rivals the world bank $100 bill will be
made available
• These have been created to meet the
needs of developing countries without
having to go down the road of opening up
to free-market forces
7. • BRICS are based on being sellers of
commodities and that others rely upon
them.
• The Growth of the MINT countries suggest
that a multipolar world may well be
developing.