G7 and G20

Weaknesses of the G20

- Members are not the richest 20 countries in the world. - Lack of transparency and accountability. - Expensive to hold due to the security needs.

What are some strengths of the G20?

- More significant than the G7 - Aided recovery from 2008 crisis. - more diverse and inclusive

What are some weaknesses of the G7?

- Promotes policies to the detriment of developing economies. - Focus on G20 has weakened it - Has not prevented Russia's actions by removing it. - No longer the only big states

What are strengths of the G7?

-Open and honest forum - Small enough to reach consensus. - Similar countries means easy to reach consensus.

How much of the world economically does the G20 represent?

85% of global GDP 75% of world trade

How are the members of G7 similar?

All believe in democracy with a passion for western ideas such as freedom and peace.

Who are the members of the G20?

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA, EU

What are examples of not very rich countries in the G20?

Argentina, mexico, Indonesia.

Why was Russia removed from the G8?

Due to the annexation of crimea

What russian action has there been since?

Further movement into the Ukraine and intervention in Syria

What is the defining characteristic of G7 members?

Highly developed and high national wealth.

What is an example of how the G7 have helped developing countries?

In 1999 cancelled $100 billion of debt and doubled aid to Africa.

What is the function of the G7?

Meets annually to discuss issues such as global economic governance, international security and energy policy.

What is the purpose of the G20?

To promote international financial stability and replace the G8

Who is in the G7?

USA Canada France Germany Italy Japan the UK.

How has the G20 aided recovery from the 2008 crisis?

a fund of $500 billion was established to cultivate economic growth

What is the g7?

an informal bloc of industrialized democracies.