The G20, also known as the Group of Twenty, is a global alliance of 20 countries including the Confederation of the European Union (EU). It was founded in 1999 with the goal of bringing together the leading economies of the globe to discuss world economic concerns and advance international cooperation. The G20 members collectively represent over 80% of the world's total GDP and about two-thirds of the world's total population. However, This alliance of the top 20 economies of the world, is concerned mostly with the economic matters of the world.
The countries that make up the G20 are:
1. Argentina,
2. Australia
3. Brazil
4. Canada
5. China
6. France
7. Germany
8. India
9. Indonesia
10. Italy
11. Japan
12. Mexico
13. Russia
14. Saudi Arabia
15. South Africa
16. South Korea
17. Turkey
18. The United Kingdom
19. The United States and
20. The European Union
Leaders from the G20 member nations meet at yearly summits to discuss a variety of global economic concerns, including trade, finance, development, and climate change. The forum acts as a venue for discussion and coordination of policies that have an impact on the world economy.
The G20 functions under a consensus-based system of decision-making, and its resolutions are not binding on other parties. The forum's discussions and decisions, however, have a substantial influence on global economic policies because the participating countries wield a lot of influence on the international stage.
In short, G20 serves as an important organization for policy coordination and economic cooperation among the top economies of the world, with the aim of addressing global issues and promoting inclusive and sustainable economic development across the world.
