G-20 summit

The G-20 summit was held in Antalya, Turkey on November 15-16. Leaders from some of the world’s largest economies and some international organizations got together to discuss various issues concerning our world. One of the issues discussed was how to improve the global economy. Another issue talked about was the large number of refugees around the world, and the ways they can be helped.

G-20 sounds like the name of a robot from a sci-fi movie, but it simply stands for “Group of Twenty”. The members of the group are 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States) and the European Union. The G-20 was formed in 1999 after a financial crisis so that various countries could get together and work on the world’s economic issues. The nations in this group represent about two-thirds of the world’s population and 85% of the total value of all the products and services that are produced in the world.

There are a few other “G”s out there. There is the G-7, a group of leaders from seven nations. It actually started as the G-6 but then Canada and Russia joined. This group was called the G-8, but last year, the membership of Russia was suspended. This was because of Russia’s actions in Ukraine, where Russia took over a region of the country. There is also the G-77, a group of developing countries which did start with 77 members, but now has 134. It decided to stick with its original name though, which was very wise, otherwise, it would have been changing its name every few months! :-)

 

Image Credits: https://g20.org/ for the G-20 logo and leaders’ image
Sources: https://g20.org/, https://www.whitehouse.gov, https://www.g7germany.de, http://www.g8.utoronto.ca/, http://www.g77.org