Economic Aspect G20

1. ECONOMIC ASPECT:G-20
Presented by:
Abhishek Verma
Deepali Agrawal
Amit Kumar Singh

2. WHAT IS G20?
The Group of Twenty Finance Ministers
and Central Bank Governors was
established in 1999 to bring together
systemically important industrialized and
developing economies to discuss key
issues in the global economy.

3. MEMBERSHIP OF G20
Argentina Japan
Australia Mexico
Brazil Russia
Canada Saudi Arabia
China South Africa
France Republic of Korea
Germany Turkey
India United Kingdom
Indonesia United States of
Italy America

4. FORMER CHAIR
 1999-2001 Canada
 2002 India
 2003 Mexico
 2004 Germany
 2005 China
 2006 Australia
 2007 South Africa
 2008 Brazil
 2009 United Kingdom

5. MEETINGS AND ACTIVITIES
 Agenda to meet atleast once in a year.
 Main focus on case studies and technical
work.
 Control By:
• Central bank governors
• Finance ministers

6. 2010 EVENTS OF G20
 Deputies Meeting, February 27-28, Korea. (Incheon
Songdo)
 Meeting of Finance Ministers and Central Bank
Governors, April 23, USA. (Washington, D.C)
 Meeting of Finance Ministers and Central Bank
Governors, June 4-5, Korea. (Busan)
 G-20 Summit Meeting, June 26-27, Canada. (Toronto)
 Deputies Meeting, September 4-5, Korea. (Gwangju)
 Meeting of Finance Ministers and Central Bank
Governors, October, USA. (Washington, D.C)
 Meeting of Finance Ministers and Central Bank
Governors, October 22-23, Korea. (Gyeongju)
 G-20 Summit Meeting, November 11-12, Korea (Seoul)

7. MAJOR ECONOMIC OF G20

8. SHARE OF WORLD GDP

9. MAIN PURPOSE OF G20
 Coordinated macro-economic actions to revive the
global economy, stimulate growth and employment.
 Reform and improve financial sector & systems .
 Reform international financial institutions (IFIs) -
International Monetary Fund (IMF), Financial
Stability Forum (FSF) and World Bank.
 Deal with Fnancial instability and lack of growth,
the loss of trade, the loss of jobs that are
hurting every continent.

10. IMPACT OF G20
 World leaders discuss how they will work.
 G20 economic growth will improve lives of the
poorest.
 Disproportionate impact of the global crisis on
the poor and vulnerable.
 Dealing with jobs and unemployment.

11. CHALLENGES FOR G20
 The G20 is more representative of the world as a whole and
accountability for decisions is less concentrated.
 It is difficult enough to try and pass an idea to the entire
government and public of a single nation where there are 20
nations.
 companies move to countries with lighter restrictions or
protectionism.
 It is a very odd organisation. It doesn't have any
constitutional powers.

12. G20 MEET SUCCESSFUL FOR INDIA?
 Our Prime Minister Manmohan Singh said that
this had marked a shift in balance of
economic power in favour of emerging
economies.
 We were previously also invited for the past
couple of years for the G-8 meetings but
consultations were merely for the sake of
form.
 First time there was a genuine dialogue
between many of the developed countries and
the emerging economies.

13. BENEFITS OF G20
 it provides the conditions for developing countries
to embark on peace, prosperity and pluralism.
 Trade has been shown to be the indispensable
means for poverty reduction and growth.
 To be a close correlation between a country
engaging in open trade and ultimately embracing
democracy.
 G-20 helps to support growth and development
across the globe.

14. FUTURE ASPECTS OF G20
 G-20 nations can work together to renew
globalization and economic growth in the post-
crisis world by addressing.
 Sources of growth and the role of innovation.
 The role of financial regulation and trade in
restoring growth.
 Educating a workforce for the twenty first-
century economy.
 Social and political challenges of renewing
globalization.

15. SOURCES
 www.google.com
 www.g20.org
 www.yahoo.com
 www.osun.org
 www.rediff.com

16. THANKING YOU