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  • Have you listened to the news today?

  • It probably included a report on some crisis occurring somewhere in the world.

  • There are wars, famines, climate issues and economic crises.

  • We're going to focus on the last of these, and explain to you

  • what connection the G20 has with this.

  • Let's go back to the year 1997.

  • Many East Asian countries are threatened with an economic crisis.

  • Currencies are falling in value, businesses are going bankrupt,

  • many people are losing their jobs or the money they have invested.

  • Other countries now appear to be under threat as well.

  • There was widespread concern. And so, in 1998, in the USA,

  • a crisis meeting was held attended by 22 countries.

  • This meeting was one of the milestones that resulted

  • in the establishment of the G20 in December 1999.

  • “G” stands forGroup”.

  • And “20” stands for the 19 most important industrialised and emerging countries plus the EU.

  • In total, the G20 countries contain about two-thirds of the world's population.

  • These states have a massive share of the world's economy and trade.

  • The G20 is not an organisation. No. Instead it is a so-calledinformal forum”.

  • This means: they cannot directly adopt laws.

  • Rather they simply act as a catalyst for new initiatives.

  • Their opinion does, however, carry considerable political weight.

  • Another important year for the G20 was 2008.

  • Once again, finance ministers and central bank chairpersons met for discussions.

  • At the same time, however, the world was threatened with a major financial crisis.

  • To get the crisis under control,

  • heads of governments and states were brought around the table,

  • moving the G20 into the upper echelons of politics.

  • Together, they agreed upon important financial reforms to deal with the crisis.

  • Today, the summits take place once or twice a year.

  • Heads of governments, their representatives and various specialist ministers

  • are now joined at the table by institutions such as the WHO along with other national representatives.

  • The final decision on which guests are allowed to attend falls to the President

  • of the country organising the G20 summit.

  • He or she also decides on the content of the conference.

  • In addition to topics on economics and finance,

  • other aspects are now included in the agenda, such as:

  • climate, energy, food, health and social issues.

  • The ongoing aim of the G20 is: To fight global crises, and to prevent crises.

  • In the run-up to summits, emissaries of heads of governmentsknown asSherpas

  • work on key issues.

  • They do this together with different groups such as trade unions,

  • scientists and women's groups.

  • The G20 has already achieved a great deal, for example:

  • Tougher measures have been adopted

  • to safeguard states and taxpayers from financial charges.

  • Financial support has been agreed on for poorer countries.

  • And they agreed to keep global warming below two degrees Celsius.

  • After the summits, however, each country is itself responsible

  • for implementing these resolutions and enacting legislation.

  • Repeated criticisms have been directed against the G20.

  • That it is an elite club and undemocratic, because

  • what about the voices from the world's other nations?

  • That G20 members all support a policy based on

  • economic growth and maximising profit.

  • That it favours large corporations and the wealthy.

  • That it is unjust and contributes to social inequality, wars and emigration.

  • And not all members

  • hold themselves to the climate protection measures adopted by the G20.

  • It therefore remains to be seen what G20 summits can achieve in the future.

Have you listened to the news today?

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G20の説明 (G20 explained)

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    Ju に公開 2021 年 01 月 14 日
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