Scribd
Upload
11 views3 pages

Globalisation Chapter (Economics) (G20) - Important Terms

The G20 was established in 1999 to stabilize the global financial market by bringing together major economies to discuss key economic issues. India assumed the G20 presidency on December 1, 2022, with a focus on promoting a sustainable future through the Amrit Kaal initiative and the LIFE movement. India's presidency aims to enhance international cooperation and development while organizing over 200 events leading up to the 2023 Summit.

Uploaded by

agriya.sai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
11 views3 pages

Globalisation Chapter (Economics) (G20) - Important Terms

The G20 was established in 1999 to stabilize the global financial market by bringing together major economies to discuss key economic issues. India assumed the G20 presidency on December 1, 2022, with a focus on promoting a sustainable future through the Amrit Kaal initiative and the LIFE movement. India's presidency aims to enhance international cooperation and development while organizing over 200 events leading up to the 2023 Summit.

Uploaded by

agriya.sai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

G20 - Introduction

Established in 1999, In the wake of the 1997 Asian Financial Crisis, to bring together major
advanced and emerging economies to stabilize the global financial market.

• Bring together systemically important Industrialized and developing economies to discuss key
issues in the global economy

• Held annual Finance Ministers and Central Bank Governors' meetings

Discussed measures to promote the financial stability of the world and to achieve a sustainable
economic growth and development.

G20 Summits have been held in Washington in 2008, in London and Pittsburgh in 2009, and in
Toronto and Seoul in 2010 Search inside image the Group of Twenty in 2011.

The members of the G-20 are: Argentina, Australia, Brazil, Canada, China, France, Germany,
India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey,
the U.K. and the U.S., as well as the European Union, represented by the rotating council
presidency and the European Central Bank.

Objective

Support growth and development across globe

1. Strengthening of the international financial architecture and providing opportunities for


dialogue on national policies

2. International co-operation, and international financial institutions

Strengthen international cooperation.

3. Creation of the framework for a strong, sustainable and balanced growth designed to

enhance macroeconomic cooperation among the G20 members.

Overview of G20

"India's G20 Presidency will work to promote this universal sense of one-ness. Hence our theme
- 'One Earth, One Family, One Future"" Prime Minister,, Narendra Modi

December 1st, 2022 is a momentous day as India assumed the presidency of the G20 forum,
taking over from Indonesia. As the largest democracy in the world, and the fastest growing
economy, India's G20 presidency will play a crucial role in building upon the significant
achievements of the previous 17 presidencies.
As it takes the G20 Presidency, India is on a mission to bring about a shared global future for all
through the Amrit Kaal initiative with a focus on the LIFE movement which aims to promote
environmentally-conscious practices and a sustainable way of living. With a clear plan and a
development-oriented approach, India aims to promote a rules-based order, peace and just
growth for all. The 200+ events planned in the run up to the 2023 Summit will strengthen
India's agenda and the six thematic priorities of India's G20 presidency.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy