Presentation1 - GROUP MEMBERS : Click to edit Master...

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Click to edit Master subtitle style 5/20/10 GROUP MEMBERS : SALMAN ZAFAR ABDUL WAHAB QADIR M.AHSAN MIRZA USMAN SHAKIL JUNAID SALEEM
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5/20/10 What is the G-20 The Group of Twenty (G-20) 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. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers
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5/20/10 Mandate The G-20 is the premier forum for our international economic development that promotes open and constructive discussion between industrial and emerging-market countries on key issues related to global economic stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international co-operation, and international financial institutions, the G-20 helps to support growth and development across the globe.
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5/20/10 Origins The G-20 was created as a response both to the financial crises of the late 1990s and to a growing recognition that key emerging-market countries were not adequately included in the core of global economic discussion and governance and moreover to bring together systemically important industrialized and developing economies to discuss key issues in the global economy
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5/20/10 Membership The G-20 is made up of the finance ministers and central bank governors of 19 countries: Argentina Australia Brazil Canada China France Germany India Indonesia Italy Japan Mexico Russia Saudi Arabia South Africa Republic of Korea Turkey United Kingdom United States of America
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5/20/10 How does the G-20 differ from the G-7? The G-7 was established in 1976 as an informal forum of seven major industrial economies: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America. The G-7 conducts dialogue and seeks agreement on current economic issues on the basis of the comparable interests of those countries. The G-20 was established in 1999 and reflects the diverse interests of the systemically significant industrial and emerging-market economies.
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5/20/10 It has a high degree of representativeness and legitimacy on account of its geographical composition and its large share of global population and world GNP (around 90 per cent). The G-20's broad representation of countries at different stages of development gives its consensus outcomes greater impact than those of the G-7.
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Can all member countries exert equal influence? Achieving consensus is the underlying principle of G-20 activity with regard to comments, recommendations and measures to be adopted. There are no formal votes or resolutions on the basis of fixed voting shares or economic criteria. Every G-20 member has one 'voice' with
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This note was uploaded on 05/20/2010 for the course BUSINESS 101 taught by Professor Xyz during the Spring '10 term at Louisiana College.

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Presentation1 - GROUP MEMBERS : Click to edit Master...

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