The United States and the G-20: What Is the G-20?
The leaders of the G-20 countries meet annually in a summit to discuss international policy issues ranging from the economy to climate change. In response to economic crises, the seven leading industrialized nations plus Russia, better known as the G-8, invited twelve additional emerging economies in 1999 to join their forum and become the G-20. The G-20 represents 90% of the world's economic output.
Both the G-8 and the G-20 have co-existed since 1999. The G-20 should not be confused with the original G-7, established in 1976, which is a forum of finance ministers and central bankers from US, Japan, Germany, UK, France, Italy and Canada.
Members of the G-20
he members of the G-20 are:
- US
- Japan
- Germany
- UK
- France
- Italy
- Canada
- Russia
- Argentina
- Australia
- Brazil
- China
- India
- Indonesia
- Mexico
- Saudi Arabia
- South Africa
- South Korea
- Turkey
- European Union
The members of the G-20 are:
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