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Group of Twenty Finance Ministers and Central Bank Governors

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Group of Twenty Finance Ministers and Central Bank Governors

Group of Twenty
  Member countries in the G-20
  Members of the European Union not individually represented
  Member of the European Union that is a Permanent guest
Abbreviation G-20 or G20
Formation 1999
2008 (Heads of State Summits)
Purpose Bring together systemically important industrialized and developing economies to discuss key issues in the global economy.[1]
Chairman Ahmet Davutoğlu (2015)
Staff None[2]

The Group of Twenty (also known as the G-20 or G20) is an international forum for the governments and central bank governors from 20 major economies. The members, shown highlighted on the map at right, include 19 individual countries—Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, United States—and the European Union (EU). The EU is represented by the European Commission and by the European Central Bank.

The G-20 is the latest in a series of initiatives aimed at international coordination of economic policy, which have been prominent since the efforts during World War II to create some form of international or global economic governance, including through the "Bretton Woods twins", the International Monetary Fund and the World Bank, and what is now the World Trade Organization.[3]

Collectively, the G-20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), and two-thirds of the world population.[2] The G-20 heads of government or heads of state have periodically conferred at summits since their initial meeting in 2008.

According to senior researchers at the Brookings Institution, the G-20 was founded in 1999 as a forum for cooperation and consultation on matters pertaining to the international financial system at the initiative of Hans Eichel, then German finance minister who was also concurrently chair of the G-7 financial forum. However, other sources identify the G-20 as a creation of Germany and the United States.[4][5]

According to University of Toronto professor John Kirton, the membership of the G-20 was decided by Eichel's deputy Caio Koch-Weser and then US Treasury Secretary Larry Summers' deputy Timothy Geithner. In Kirton's book 'G20 Governance for a Globalised World',

Geithner and Koch-Weser went down the list of countries saying, Canada in, Spain out, South Africa in, Nigeria and Egypt out, and so on; they sent their list to the other G7 finance ministries; and the invitations to the first meeting went out.[6]

The group was formally inaugurated in September 1999, Canadian finance minister Paul Martin was chosen to be the first chairman and German finance minister Hans Eichel hosted the first G-20 meeting of finance ministers in December 1999 in Berlin.[7]

It studies, reviews, and promotes high-level discussion of policy issues pertaining to the promotion of international financial stability, and seeks to address issues that go beyond the responsibilities of any one organization. With the G-20 growing in stature after the 2008 Washington summit, its leaders announced on 25 September 2009, that the group would replace the G8 as the main economic council of wealthy nations.[8] Since its inception, the G-20's membership policies have been criticized by numerous intellectuals,[9][10] and its summits have been a focus for major protests by anti-globalists, nationalists and others.[11]

The heads of the G-20 nations met semi-annually at G-20 summits between 2008 and 2011. Since the November 2011 Cannes summit, all G-20 summits have been held annually.[2] In December 2014, Turkey took over the presidency of G-20 from Australia and it will host the Antalya summit in 2015.


A group photo of the participants of the 2008 G-20 Washington summit.
2010 G-20 Seoul summit group photo.

The G-20, which superseded the G33 (which had itself superseded the G22), was foreshadowed at the Cologne Summit of the G7 in June 1999, but was only formally established at the G7 Finance Ministers' meeting on 26 September 1999. The inaugural meeting took place on 15–16 December 1999 in Berlin. In 2008, Spain and the Netherlands were included, by French invitation, in the G-20 Leaders Summit on Financial Markets and the World Economy.

The theme of the 2006 G-20 meeting was "Building and Sustaining Prosperity". The issues discussed included domestic reforms to achieve "sustained growth", global energy and resource commodity markets, 'reform' of the World Bank and IMF, and the impact of demographic changes due to an aging population. Trevor A. Manuel, the South African Minister of Finance, was the chairperson of the G-20 when South Africa hosted the Secretariat in 2007. Guido Mantega, Brazil's Minister of Finance, was the chairperson of the G-20 in 2008; Brazil proposed dialogue on competition in financial markets, clean energy and economic development and fiscal elements of growth and development. In a statement following a meeting of G7 finance ministers on 11 October 2008, US President George W. Bush stated that the next meeting of the G-20 would be important in finding solutions to the burgeoning economic crisis of 2008. An initiative by French President Nicolas Sarkozy and British Prime Minister Gordon Brown led to a special meeting of the G-20, a G-20 Leaders Summit on Financial Markets and the World Economy, on 15 November 2008.[12]

Despite lacking any formal ability to enforce rules, the G-20's prominent membership gives it a strong input on global policy. However, there remain disputes over the legitimacy of the G-20,[13] and criticisms of its organisation and the efficacy of its declarations.[14]


The G-20 Summit was created as a response both to the financial crisis of 2007–2010 and to a growing recognition that key emerging countries were not adequately included in the core of global economic discussion and governance. The G-20 Summits of heads of state or government were held in addition to the G-20 Meetings of Finance Ministers and Central Bank Governors, who continued to meet to prepare the leaders' summit and implement their decisions. After the 2008 debut summit in Washington, D.C., G-20 leaders met twice a year in London and Pittsburgh in 2009, Toronto and Seoul in 2010.[15]

Since 2011, when France chaired and hosted the G-20, the summits have been held only once a year.[16] Russia chaired and hosted the summit in 2013;[17] while the summit was held in Australia in 2014,[18] with Turkey hosting it in 2015.[19]

A number of other ministerial-level G20 meetings have been held since 2010. Agriculture ministerial meetings were conducted in 2011 and 2012; meetings of foreign ministers were held in 2012 and 2013; trade ministers met in 2012 and 2014 and employment ministerial meetings have taken place annually since 2010.[20]

Australian Foreign Minister Julie Bishop, as host of the then-upcoming G20 meeting, proposed on 19 March 2014 to ban Russia over its role in the 2014 Crimean crisis.[21] She was reminded on 24 March by a communique of the BRICS foreign ministers that "The Ministers noted with concern, the recent media statement on the forthcoming G20 Summit to be held in Brisbane in November 2014. The custodianship of the G20 belongs to all Member States equally and no one Member State can unilaterally determine its nature and character."[22]

Date Host country Host city Website
1st[23] November 2008 United States Washington, D.C.
2nd[23] April 2009 United Kingdom London [1]
3rd[23] September 2009 United States Pittsburgh [2]
4th[24] June 2010 Canada Toronto [25]
5th[26] November 2010 South Korea Seoul [3]
6th[27] November 2011[28] France Cannes [4]
7th[29] June 2012[30] Mexico Los Cabos [5]
8th[17] September 2013 Russia Saint Petersburg [6]
9th[17] November 2014 Australia Brisbane [7]
10th[17] November 2015 Turkey Antalya
11th 2016 China TBA

G-20 leaders' chair rotation

To decide which member nation gets to chair the G-20 leaders' meeting for a given year, all 19 sovereign nations are assigned to one of five different groupings. Each group holds a maximum of four nations. This system has been in place since 2010, when South Korea, which is in Group 5, held the G-20 chair. In 2013, Russia, which is in Group 2, hosted the G-20 leaders' summit. Australia, the host of the 2014 G-20 summit, is in Group 1. The table below lists the nations' groupings:[31]

Group Nations Group Nations Group Nations Group Nations Group Nations
Group 1 Australia Group 2 India Group 3 Argentina Group 4 France Group 5 China
Canada Russia Brazil Germany Indonesia
Saudi Arabia South Africa Mexico Italy Japan
United States Turkey United Kingdom South Korea


The G-20 operates without a permanent secretariat or staff. The group's chair rotates annually among the members and is selected from a different regional grouping of countries. The chair is part of a revolving three-member management group of past, present and future chairs, referred to as the "Troika". The incumbent chair establishes a temporary secretariat for the duration of its term, which coordinates the group's work and organizes its meetings. The role of the Troika is to ensure continuity in the G-20's work and management across host years. The current chair of the G-20 is Australia; the chair was handed over from Russia after the 2013 G-20 Summit. The 2015 Summit will be presided by Turkey while China will preside the 2016 Summit.

Proposed permanent secretariat

In 2010, President of France Nicolas Sarkozy proposed the establishment of a permanent G-20 secretariat, similar to the United Nations. Seoul and Paris were suggested as possible locations for its headquarters.[32] Brazil and China supported the establishment of a secretariat, while Italy and Japan expressed opposition to the proposal.[32] South Korea proposed a "cyber secretariat" as an alternative.[32]

List of members

Currently, there are 20 members of the group. These include, at the leaders summits, the leaders of 19 countries and of the European Union, and, at the ministerial-level meetings, the finance ministers and central bank governors of 19 countries and of the European Union. In addition each year, the G20’s guests include Spain; the Chair of ASEAN; two African countries (the chair of the African Union and a representative of the New Partnership for Africa’s Development) and a country (sometimes more than one) invited by the presidency, usually from its own region.[33][2][34] The first of the tables below lists the member entities and their heads of government, finance ministers and central bank governors. The second table lists relevant statistics such as population and GDP figures for each member, as well as detailing memberships of other international organisations, such as the G7 and BRICS. Total GDP figures are given in millions of US dollars.


Member Official title Head of government Official title Finance minister Central bank governor
Argentina President Cristina Fernández de Kirchner Minister of Economy Axel Kicillof Alejandro Vanoli
Australia Prime Minister Tony Abbott Treasurer Joe Hockey Glenn Stevens
Brazil President Dilma Rousseff Minister of Finance Guido Mantega Alexandre Tombini
Canada Prime Minister Stephen Harper Minister of Finance Joe Oliver Stephen Poloz
China President Xi Jinping Minister of Finance Lou Jiwei Zhou Xiaochuan
[35] President of the European Council Donald Tusk Commissioner for Economic and Financial Affairs,
Taxation and Customs
Pierre Moscovici Mario Draghi
President of the European Commission Jean-Claude Juncker
France President François Hollande Minister of Finance Michel Sapin Christian Noyer
Germany Chancellor Angela Merkel Minister of Finance Wolfgang Schäuble Jens Weidmann
India Prime Minister Narendra Modi Minister of Finance Arun Jaitley Raghuram Rajan
Indonesia President Joko Widodo Minister of Finance Bambang Brodjonegoro Agus Martowardojo
Italy President of the Council of Ministers Matteo Renzi Minister of Economy and Finance Pier Carlo Padoan Ignazio Visco
Japan Prime Minister Shinzo Abe Minister of Finance Taro Aso Haruhiko Kuroda
Mexico President Enrique Peña Nieto Secretary of Finance Luis Videgaray Caso Agustín Carstens
Russia President Vladimir Putin Minister of Finance Anton Siluanov Elvira Nabiullina
Saudi Arabia King Abdullah Minister of Finance Ibrahim Abdulaziz Al-Assaf Fahad Almubarak
South Africa President Jacob Zuma Minister of Finance Nhlanhla Nene Lesetja Kganyago
South Korea President Park Geun-hye Minister of Strategy and Finance Choi Kyoung-hwan Kim Choong-soo
Turkey Prime Minister Ahmet Davutoğlu Minister of Finance Mehmet Şimşek Erdem Başçı
United Kingdom Prime Minister David Cameron Chancellor of the Exchequer George Osborne Mark Carney
United States President Barack Obama Secretary of the Treasury Jack Lew Janet Yellen

Member country data

Member Trade mil. USD (2013) Nom. GDP mil. USD (2014)[36] PPP GDP mil. USD (2014)[37] Nom. GDP per capita USD (2014)[38] PPP GDP per capita USD (2014)[39] HDI (2014) Population (2014) P5 G7 BRICS MINT DAC OECD Economic classification (IMF)[40]
Argentina 152,690 536,155 927,382 12,778 22,101 0.808 41,961,000 N N N N N N Developing
Australia 522,000 1,560,597 1,100,449 62,822 46,631 0.933 23,599,000 N N N N Y Y Advanced
Brazil 494,800 2,244,131 3,072,607 11,067 15,153 0.744 202,768,000 N N Y N N N Developing
Canada 932,600 1,793,797 1,578,921 50,577 44,519 0.902 35,467,000 N Y N N Y Y Advanced
China 4,150,000 10,355,350 17,632,014 7,572 12,893 0.719 1,367,520,000 Y N Y N N N Developing
European Union 4,485,000 18,398,669 18,124,316 36,392 35,849 0.876 505,570,700 N/A N/A N/A N/A N/A N/A N/A
France 1,260,700 2,902,330 2,586,524 45,384 40,445 0.884 63,951,000 Y Y N N Y Y Advanced
Germany 2,600,600 3,820,464 3,621,357 47,201 44,741 0.911 80,940,000 N Y N N Y Y Advanced
India 779,300 2,047,811 7,277,279 1,626 5,777 0.586 1,259,695,000 N N Y N N N Developing
Indonesia 384,100 856,066 2,554,311 3,404 10,157 0.684 251,490,000 N N N Y N N Developing
Italy 995,100 2,129,276 2,065,933 35,512 34,455 0.872 59,960,000 N Y N N Y Y Advanced
Japan 1,548,300 4,769,804 4,788,033 37,540 37,683 0.890 127,061,000 N Y N N Y Y Advanced
Mexico 771,200 1,295,860 2,143,499 10,837 17,925 0.756 119,581,789 N N N Y N Y Developing
Russia 866,300 2,057,301 3,558,640 14,317 24,764 0.778 143,700,000 Y N Y N N N Developing
Saudi Arabia 544,100 777,870 1,651,718 25,401 53,935 0.836 30,624,000 N N N N N N Developing
South Africa 208,000 341,216 683,147 6,354 12,722 0.658 53,699,000 N N Y N N N Developing
South Korea 1,075,200 1,449,494 1,789,758 28,739 35,485 0.891 50,437,000 N N N N Y Y Advanced
Turkey 370,800 813,316 1,512,127 10,518 19,556 0.759 77,324,000 N N N Y N Y Developing
United Kingdom 1,196,900 2,847,604 2,434,932 44,141 37,744 0.892 64,511,000 Y Y N N Y Y Advanced
United States 3,908,700 17,416,253 17,416,253 54,678 54,678 0.914 318,523,000 Y Y N N Y Y Advanced

In addition to these 20 members, the chief executive officers of several other international forums and institutions participate in meetings of the G-20.[2] These include the managing director and Chairman of the International Monetary Fund, the President of the World Bank, the International Monetary and Financial Committee and the Chairman of the Development Assistance Committee.

The G-20's membership does not reflect exactly the 19 largest national economies of the world in any given year. The organization states:[1]

All 19 member nations are among the top 34 economies as measured in GDP at nominal prices in a list published by the International Monetary Fund (IMF) for 2014.[41] Not represented by membership in the G-20 are Switzerland (ranked 20th by the IMF), Nigeria (21), Norway (26), Taiwan (27), the United Arab Emirates (29), Iran (30), Colombia (31), and Thailand (32), even though they rank higher than some members. Spain (14), the Netherlands (16), Sweden (22), Poland (23), Belgium (25), Austria (28), and Denmark (33) are included only as part of the EU, and not independently.

When the countries' GDP is measured at purchasing power parity (PPP) rates,[37] all 19 members are among the top 30 in the world on April 2014, according to the IMF. Iran (18), Nigeria (20), Taiwan (21), Thailand (22), Egypt (23), Pakistan (26), Malaysia (28), and the Philippines (29) are not G-20 members, while Spain (16), Poland (24) and the Netherlands (27) are only included in the EU slot. However, in a list of average GDP, calculated for the years since the group's creation (1999–2008) at both nominal and PPP rates, only Spain, the Netherlands, Nigeria, Poland, Taiwan, Iran and Thailand appear above any G-20 member in both lists simultaneously.

Spain, being the 13th largest economy in the world and 5th in the European Union in terms of nominal GDP, is a "permanent guest" of the organization, although the Spanish government's policy is to not request official membership.[42][43] As such, a Spanish delegation has been invited to, and has attended, every G-20 heads of state summit since the G-20's inception.

Role of Asian countries

A 2011 report released by the Asian Development Bank (ADB) predicted that large Asian economies such as China and India would play a more important role in global economic governance in the future. The report claimed that the rise of emerging market economies heralded a new world order, in which the G-20 would become the global economic steering committee.[44] The ADB furthermore noted that Asian countries had led the global recovery following the late-2000s recession. It predicted that the region would have a greater presence on the global stage, shaping the G-20's agenda for balanced and sustainable growth through strengthening intraregional trade and stimulating domestic demand.[44]


Typically, several participants that are not permanent members of the G20 are extended invitations to participate in the summits. Each year, the Chair of the Association of Southeast Asian Nations; the Chair of the African Union and a representative of the New Partnership for Africa's Development are invited in their capacities as leaders of their organisations and as heads of government of their home states.[45] Additionally, the leaders of the Financial Stability Board, the International Labour Organization, the International Monetary Fund, the Organisation for Economic Co-operation and Development, the United Nations, the World Bank Group and the World Trade Organization are invited and participate in pre-summit planning within the policy purview of their respective organisation.[46] Spain is a permanent non-member invitee.[45]

Other invitees are chosen by the host country, usually one or two countries from its own region.[45] For example, South Korea invited Singapore. International organisations which have been invited in the past include the Asia-Pacific Economic Cooperation (APEC), the Basel Committee on Banking Supervision (BCBS), the Commonwealth of Independent States (CIS), the Eurasian Economic Community (EAEC), the European Central Bank (ECB), the Food and Agriculture Organization (FAO), the Global Governance Group (3G) and the Gulf Cooperation Council (GCC). Previously, the Netherlands had a similar status to Spain while the rotating presidency of the Council of the European Union would also receive an invitation, but only in that capacity and not as their own state's leader (such as the Czech premiers Mirek Topolánek and Jan Fischer during the 2009 summits).

As of 2014, leaders from the following nations have been invited to the G20 summits: Benin, Brunei, Cambodia, Chile, Colombia, Equatorial Guinea, Ethiopia, Kazakhstan, Malawi, Mauritania, Myanmar, the Netherlands, New Zealand, Nigeria, Senegal, Singapore, Spain, Switzerland, Thailand, the United Arab Emirates and Vietnam.[45]

Permanent guest invitations

Invitee Officeholder State Official title
African Union (AU) Mohamed Ould Abdel Aziz Mauritania President
Association of Southeast Asian Nations (ASEAN) Thein Sein Myanmar President
Lê Lương Minh Secretary-General
Financial Stability Board (FSB) Mark Carney Chairperson
International Labour Organization (ILO) Guy Ryder Director General
International Monetary Fund (IMF) Christine Lagarde Managing Director
Kingdom of Spain (ESP) Mariano Rajoy Spain Prime Minister
New Partnership for Africa's Development (NEPAD) Macky Sall Senegal President
Organisation for Economic Co-operation and Development (OECD) José Ángel Gurría Secretary-General
United Nations (UN) Ban Ki-moon South Korea Secretary-General
World Bank Group (WBG) Jim Yong Kim United States President
World Trade Organization (WTO) Roberto Azevêdo Director General


Exclusivity of membership

Although the G-20 has stated that the group's "economic weight and broad membership gives it a high degree of legitimacy and influence over the management of the global economy and financial system,"[47] its legitimacy has been challenged. With respect to the membership issue, U.S. President Barack Obama has noted the difficulty of pleasing everyone: "everybody wants the smallest possible group that includes them. So, if they're the 21st largest nation in the world, they want the G-21, and think it's highly unfair if they have been cut out."[48] A 2011 report for the Danish Institute for International Studies, entitled "The G-20 and Beyond: Towards Effective Global Economic Governance", criticised the G-20's exclusivity, highlighting in particular its under-representation of the African continent. Moreover, the report stated that the G-20's practice of inviting observers from non-member states is a mere "concession at the margins", and does not grant the organisation representational legitimacy.[49] However, Global Policy stated in 2011 that the G-20's exclusivity is not an insurmountable problem, and proposed mechanisms by which it could become more inclusive.[50]

Norwegian perspective

In a 2010 interview with Der Spiegel,[9] Norwegian Foreign Minister Jonas Gahr Støre called the G-20 "one of the greatest setbacks since World War II." Although Norway is a major developed economy and the seventh-largest contributor to UN international development programs,[51] it is not a member of the EU, and thus is not represented in the G-20 even indirectly.[9] Norway, like the other 173 nations not among the G-20, has little or no voice within the group. Støre characterized the G-20 as a "self-appointed group", arguing that it undermines the legitimacy of international organizations set up in the aftermath of World War II, such as the IMF, World Bank and United Nations:

The G-20 is a self-appointed group. Its composition is determined by the major countries and powers. It may be more representative than the G-7 or the G-8, in which only the richest countries are represented, but it is still arbitrary. We no longer live in the 19th century, a time when the major powers met and redrew the map of the world. No one needs a new Congress of Vienna.
—Jonas Gahr Støre, 2010[9]

Global Governance Group (3G) response

In June 2010, Singapore's representative to the United Nations warned the G-20 that its decisions would affect "all countries, big and small", and asserted that prominent non-G-20 members should be included in financial reform discussions.[52] Singapore thereafter took a leading role in organizing the Global Governance Group (3G), an informal grouping of 28 non-G-20 countries (including several micronations and many Third World countries) with the aim of collectively channelling their views into the G-20 process more effectively.[53][54] Singapore's chairing of the 3G was cited as a rationale for inviting Singapore to the November 2010 G-20 summit in South Korea.[55]

Foreign Policy critiques

The American magazine Foreign Policy has published articles condemning the G-20, in terms of its principal function as an alternative to the supposedly exclusive G8. It questions the actions of some of the G-20 members, and advances the notion that some nations should not have membership in the first place. For example, it has suggested that Argentina should be formally replaced in the group by Spain, because Spain's economy is larger.[10] Furthermore, with the effects of the Great Recession still ongoing, the magazine has criticized the G-20's efforts to implement reforms of the world's financial institutions, branding such efforts as failed.[56]

On 14 June 2012, an essay published by the National Taxpayers Union was forwarded to Foreign Policy, espousing a critical view of the application of G-20 membership. The essay's authors, Alex Brill and James K. Glassman, used a numerical table with seven criteria to conclude that Indonesia, Argentina, Russia and Mexico do not qualify for G-20 membership, and that Switzerland, Singapore, Norway and Malaysia had overtaken some of the current members. However, the gap between current members Mexico and Russia and the lower-ranked entries in the authors' list (Malaysia and Saudi Arabia) was only slight. Thus, it was concluded that there is no obvious group of twenty nations that should be included in the G20, and that fair and transparent metrics are essential, as they justify the difficult decisions that will be required in order to differentiate among similarly situated countries.[57]

Wider concerns

The G-20's transparency and accountability have been questioned by critics, who call attention to the absence of a formal charter and the fact that the most important G-20 meetings are closed-door.[58] In 2001, the economist Frances Stewart proposed an Economic Security Council within the United Nations as an alternative to the G-20. In such a council, members would be elected by the General Assembly based on their importance in the world economy, and the contribution they are willing to provide to world economic development.[59]

The cost and extent of summit-related security is often a contentious issue in the hosting country, and G-20 summits have attracted protesters from a variety of backgrounds, including information activists, nationalists, and opponents of Fractional Reserve Banking and crony capitalism. In 2010, the Toronto G-20 summit sparked mass protests and rioting, leading to the largest mass arrest in Canadian history.[11]

See also


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  2. ^ a b c d e "G20 Members". Retrieved 15 January 2014. 
  3. ^ See, e.g., Ngaire Woods, The Globalizers: the IMF, World Bank, and their Borrowers, Cornell University Press, 2006. Robert Gilpin, Global Political Economy: Understanding the International Economic Order, 2001. Donald Markwell, John Maynard Keynes and International Relations: Economic Paths to War and Peace, Oxford University Press, 2006.
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  5. ^ "Who gets to rule the world". Macleans (Canada). 1 July 2010; Thomas Axworthy. "Eight is not enough at summit." Toronto Star (Canada). 8 June 2007. Retrieved 16 April 2011.
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  11. ^ a b Mahoney, Jill; Ann Hui (29 June 2010). "G20-related mass arrests unique in Canadian history". The Globe and Mail (Toronto). Retrieved 21 July 2010. 
  12. ^ "The G-20 Summit: What’s It All About?". Brookings Institution. 27 October 2008. Retrieved 28 October 2012.
  13. ^ D+C 2011/01 – Berensmann/Fues/Volz – The G20: an informal power broker with growing developmental relevance – Development and Cooperation – International Journal. Retrieved 3 December 2012.
  14. ^ d+c-focus-sachin– Indian scholar says global leaders should focus on food security and access to essential pharmaceuticals – Development and Cooperation – International Journal. Retrieved 3 December 2012.
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  16. ^ "Leaders' statement, the Pittsburgh Summit," p. 19 §50 (PDF). 25 September 2009.
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  18. ^ "G20 summit picks BCEC as official venue". TTGmice. 8 August 2012. Retrieved 10 October 2012. 
  19. ^ "G20". Retrieved 16 June 2013. 
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  21. ^ "Canberra considers barring Vladimir Putin from G20 in Brisbane over Crimea crisis" 20 Mar 2014
  22. ^ "Chairperson's Statement on the BRICS Foreign Ministers Meeting held on 24 March 2014 in The Hague, Netherlands" 24 Mar 2014
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  27. ^ "French G20 summit to be November 2011 in Cannes". Business Recorder. 12 November 2010. Retrieved 12 November 2010. 
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  29. ^ Robinson, Dale. "G20 Commits to Deficit Reduction Time Line". Voice of America. 27 June 2010; "Mexico hosted G20 summit in 2012". Xinhua. Retrieved 28 June 2010.
  30. ^ "Los Cabos to Host G20 Summit in 2012". Retrieved 3 December 2011.
  31. ^ Carin, Barry (4 November 2010). "The Future of the G20 Process". Centre for International Governance Innovation. Retrieved 19 October 2011. 
  32. ^ a b c "Who Would Host a G20 Secretariat?" Chosun Ilbo. 15 November 2010. Retrieved 14 March 2013.
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  34. ^ "What is the G-20". Retrieved 27 June 2010. 
  35. ^ "Van Rompuy and Barroso to both represent EU at G20". 19 March 2010. Retrieved 21 October 2012. "The permanent president of the EU Council, former Belgian premier Herman Van Rompuy, also represents the bloc abroad in foreign policy and security other areas, such as climate change, President Barroso will speak on behalf of the 27-member club."
  36. ^ "GDP (current US$)". World Development Indicators. World Bank. Retrieved 1 July 2014. 
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  38. ^ Data refer mostly to the year 2013. World Development Indicators database, World Bank. Database updated on 1 July 2014. Accessed on 3 July 2014.
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  47. ^ "About G-20". Retrieved 11 December 2012.
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Further reading

  • Haas, P.M. (1992). "Introduction. Epistemic communities and international policy coordination," International Organization 46,1:1–35.
  • Hajnal, Peter I. (1999). The G8 system and the G20 : Evolution, Role and Documentation. Aldershot, Hampshire: Ashgate Publishing. 13-ISBN 978-0-7546-4550-4/10-ISBN 0-7546-4550-9; OCLC 277231920.
  • Reinalda, Bob and Bertjan Verbeek. (1998). Autonomous Policy Making by International Organizations. London: Routledge. 10-ISBN 0-415-16486-9/13-ISBN 978-0-415-16486-3; 13-ISBN 978-0-203-45085-7;10-ISBN 0-203-45085-X; OCLC 39013643.
  • Augusto Lopez-Claros, Augusto, Richard Samans and Marc Uzan (2007). The international monetary system and the IMF, and the G-20 : a great transformation in the making? Basingstoke: Palgrave Macmillan. 10-ISBN 0-230-52495-8/13-ISBN 978-0-230-52495-8; OCLC 255621756.
  • Danish Institute for International Studies (2011). The G-20 and beyond: towards effective global economic governance. Copenhagen, Denmark: Jakob Vestergaard.

External links

  • Official G-20 website
  • G-20 website of the OECD
  • G-20 Information Centre from the University of Toronto
  • A Guide To Committees, Groups, And Clubs from the International Monetary Fund
  • G-20 Special Report from The Guardian
  • IPS News – G-20 Special Report
  • The G-20's role in the post-crisis world by FRIDE
  • The Group of Twenty—A History, 2007
  • Economics for Everyone: G20 – Gearing for Growth
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