The G20 is an informal forum for the world’s major economies to discuss and coordinate economic policies. It was founded in 1999 in response to the Asian financial crisis. The G20 currently has 19 member countries, plus the European Union.
The countries that are G20 members are:
- Argentina
- Australia
- Brazil
- Canada
- China
- France
- Germany
- India
- Indonesia
- Italy
- Japan
- Republic of Korea
- Mexico
- Russia
- Saudi Arabia
- South Africa
- Turkey
- United Kingdom
- United States
- European Union
FAQs
Why did the G20 decide to have rotating members?
The G20 decided to have rotating members in order to ensure that all of the major economies are represented in the group and that the group is fresh and dynamic.
What are the criteria for G20 membership?
The criteria for G20 membership are:
* The country must be a major economy.
* The country must have a significant impact on the global economy.
* The country must be willing to participate in the work of the G20.
How often does the membership of the G20 change?
The membership of the G20 changes every year. The new members are selected by the G20 leaders at their annual summit.
Who decides who will be the next G20 president?
The G20 leaders decide who will be the next G20 president at their annual summit. The presidentship rotates among the member countries every year.
What are the benefits of being a G20 member?
There are several benefits to being a G20 member. These benefits include:
* The ability to participate in the discussions and decision-making of the G20.
* The opportunity to build relationships with other major economies.
* The ability to influence global economic policy.