essay on g20 in 150 words

Paragraph on G20 in English (100, 150, 200, 250 Words)

The G20, comprising twenty major economies worldwide, serves as a crucial forum for addressing global economic challenges. With its significant influence on the global economic landscape, the G20 plays a pivotal role in fostering dialogue, cooperation, and policy coordination among its member countries.

(Here, we’ve presented paragraphs in 100, 150, 200 & 250 word samples. All the paragraphs will be helpful for students of all classes i.e. Nursery, LKG, UKG & class 1 to class 12).

Table of Contents

Paragraph on G20 in 100 Words

The G20 is a group where leaders from different countries meet to discuss important global issues. It includes both rich and developing nations. They talk about things like the economy, trade, and climate change. The goal is to find solutions that benefit everyone. It started in 1999 in response to financial crises. Meetings happen once a year, hosted by different member countries. Each country has a chance to share its views and concerns. The G20 aims to promote stability and growth worldwide. It’s a platform for cooperation and collaboration among nations.

The G20 is a group of countries that come together to discuss global economic issues. It includes big economies like the USA, China, and Japan, along with others like Brazil and India. They meet once a year to talk about things like trade, finance, and development. The goal is to find ways to improve the world economy and help everyone grow. Each country sends its leaders or top officials to these meetings. Together, they try to solve problems and make plans for the future. The G20 plays an important role in shaping the global economy and promoting cooperation among nations.

The G20 is a gathering of twenty countries aiming to discuss global economic concerns. Among its members are significant economies such as the United States, China, and Japan, alongside others like Brazil and India. They convene annually to address trade, finance, and development matters. Their objective is to enhance the world economy and foster collective growth. Representatives, including leaders or high-ranking officials, attend these sessions. Collaboratively, they strive to resolve issues and devise strategies for the future. The G20 holds significance in shaping the global economic landscape and fostering international collaboration.

G20 Paragraph in 150 Words

The G20 serves as a crucial platform for addressing pressing global economic challenges. Comprising major economies like the United States, China, and the European Union, alongside emerging powers such as Brazil and India, it represents a diverse array of interests.

The forum convenes annually, enabling member nations to deliberate on issues ranging from trade imbalances to financial stability and sustainable development. By fostering dialogue among key stakeholders, the G20 seeks to promote cooperation and coordination on economic policies, aiming for inclusive growth and prosperity.

Furthermore, the G20 plays a pivotal role in crisis management, as witnessed during the 2008 financial meltdown when concerted efforts were made to stabilize markets and restore confidence. Moreover, the forum’s commitment to multilateralism underscores its significance in navigating complex geopolitical landscapes and mitigating risks to the global economy.

As the world becomes increasingly interconnected, the G20’s role in shaping the trajectory of international economic governance remains indispensable, emphasizing the need for continued collaboration and dialogue among its members.

Paragraph Writing on G20 in 200 Words

The G20, short for Group of Twenty, stands as a crucial platform for international economic cooperation. Comprising 19 countries and the European Union, it includes both advanced and emerging economies, representing a significant portion of global GDP and population. One of its paramount roles is addressing pressing economic challenges that transcend national borders. Discussions within the G20 encompass a wide array of topics, ranging from trade and finance to sustainable development and climate change mitigation.

Trade forms a cornerstone of G20 discussions, with member nations aiming to promote open, fair, and inclusive trade practices. By fostering cooperation and dialogue, the G20 endeavors to reduce trade barriers and enhance global economic integration. Furthermore, the G20 plays a pivotal role in steering global financial stability. Particularly crucial in the aftermath of the 2008 financial crisis, the group focuses on regulatory reforms and financial resilience to prevent future crises.

Another significant aspect of the G20’s agenda is sustainable development. With the world facing pressing environmental challenges and socio-economic inequalities, the G20 seeks to address issues such as poverty alleviation, access to education and healthcare, and gender equality. Moreover, climate change mitigation and adaptation feature prominently in G20 discussions, reflecting the group’s recognition of the urgency to combat this global threat.

The G20 also serves as a forum for coordination on global governance issues. By fostering dialogue among member nations, the G20 aims to promote effective and inclusive multilateralism. This includes cooperation on international institutions such as the United Nations, IMF, and World Bank, as well as addressing geopolitical tensions and conflicts that could impact global stability.

In conclusion, the G20 stands as a vital forum for addressing pressing global economic challenges and fostering international cooperation. Its discussions encompass trade, finance, sustainable development, global governance, and geopolitical issues, reflecting the diverse array of challenges facing the international community. Through dialogue and collaboration, the G20 strives to promote economic stability, sustainable development, and prosperity for all.   

Writing Paragraph on G20 in 250 Words

The G20, comprising the world’s major economies, serves as a pivotal platform for addressing pressing global economic challenges. Since its inception in 1999, its prominence has grown, particularly after the 2008 financial crisis, when it transformed from a forum for finance ministers and central bank governors to a platform for heads of state and government. With its member countries accounting for approximately 85% of global GDP and two-thirds of the world’s population, the G20 holds considerable sway over the global economic landscape.

One of the primary functions of the G20 is to facilitate dialogue and cooperation on economic policy coordination among its members. This coordination is crucial for ensuring stability in global financial markets and fostering sustainable economic growth. For instance, during the COVID-19 pandemic, the G20 played a crucial role in coordinating responses to mitigate the economic fallout, including fiscal stimulus measures and debt relief initiatives.

Another key aspect of the G20’s agenda is promoting international trade and investment. According to data from the World Trade Organization (WTO), G20 countries collectively account for around 75% of global trade. Thus, decisions made within the G20 regarding trade policies and agreements can have far-reaching implications for the global economy. Efforts to reduce trade barriers and enhance market access are often discussed within this forum to stimulate economic activity and job creation.

Additionally, the G20 focuses on addressing global development challenges, particularly those related to poverty alleviation, infrastructure investment, and sustainable development. According to the World Bank, G20 countries provide approximately 80% of global development assistance. As such, the G20 plays a crucial role in shaping the global development agenda and mobilizing resources to tackle pressing issues such as climate change and inequality.

Furthermore, the G20 serves as a platform for addressing financial regulation and reform to prevent future financial crises. Measures to strengthen the resilience of the global financial system, enhance regulatory oversight, and promote transparency are often discussed and agreed upon within this forum.

Moreover, the G20 emphasizes the importance of inclusive growth and ensuring that the benefits of economic progress are shared equitably among all segments of society. This includes addressing issues such as income inequality, gender disparities, and access to education and healthcare.

In conclusion, the G20 plays a central role in shaping the global economic agenda and fostering cooperation among its member countries. By addressing key economic challenges, promoting trade and investment, and advancing development goals, the G20 contributes to stability and prosperity on a global scale.

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Essay on G20 Summit in 100, 200, 300, 500 Words

Essay on g20 summit.

The essay on the G20 Summit is written in simple English and easy words for children and students. English essay on G20 Summit tells about G20 when it was established, and why it is special for us. Students are often asked to write essays on the G20 Summit in their schools and colleges. If you are also looking for the same, then we have given an essay on the G20 Summit in 100 – words, 200 – words, 300 – words, and 500 – words.

The G20 Summit 2023 was held in New Delhi, India. All countrymen and students should understand how important it is for our nation. Below we have given various essays on the G20 Summit, knowing which will increase your knowledge.

Short & Long Essay on G20 Summit

Essay – 100 words.

The G20 summit is an annual gathering of leaders of the European Union and the world’s 19 largest economies. The G20 was established in 1999 and serves as an important forum for global economic cooperation and shaping. During the G20 summit, the main leaders of all the countries discussed various issues including trade, economic growth, geopolitical stability, and climate change. These important forums have a significant impact on global economic and political development.

Ministers and important officials participate in the activities of the summit. When this summit ends, all the leaders of the G20 countries issue a statement to show that they are all committed to the important topics that they talked about and agreed upon during their meetings throughout the year.

Essay – 200 Words

G20 is an international forum also known as The Group of Twenty and many countries participate in it. The G20 summit discusses key points regarding the financial and economic agenda around the world. Also, one of the main objectives of this conference is to bring together all the economies that are emerging along with the advanced economies of the world.

This G20 summit i.e. Group of Twenty was established in the year 1999. This was done in the wake of the Asian financial crisis. G20 is basically an important forum that is attended by the Ministers or Finance Ministers of many countries. Hence the country participates in the G20 summit to discuss financial and economic issues.

This conference is organized every year under the leadership of the President and every year it is represented by different countries. Earlier G20 included 19 countries but by 2023 this group has 21 members and its member countries are as follows: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, and Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States, the European Union, and the African Union. When it comes to GDP, 85% of world GDP is represented by G20 members and more than 75% of global trade is done by G20 members.

Essay – 300 Words

The G20 Summit is an important international gathering where central bank governors and leaders of the world’s 20 most influential economies come together to discuss matters of global economic importance. It was established in 1999. The G20 summit was conceived to facilitate discussion on policy issues related to development and international economic cooperation.

G20 member states collectively have significant economic power, representing the majority of the global population and 85% of the world’s gross domestic product (GDP).

Any country with a rapidly growing economy, and substantial population, and to protect its interests can also take advantage of this platform to address global challenges like trade, climate change, and economic stability.

Thus, this summit is not just a gathering of nations, but a gathering of economic giants that aims to promote cooperation on the scale of global economic influence.

G20 Members

Earlier G20 included 19 countries but by 2023 this group has 21 members: its member countries are as follows: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States, the European Union, and the African Union.

Importance of G20 Summit

In this G20 summit, top leaders of all the countries exchange views and deliberate on policy solutions. Additionally, efforts to address various global challenges are discussed, including economic issues such as trade, recession, and investment, as well as social concerns such as inequality, poverty, and climate change.

The G20 summit is important because G20 members account for approximately 85% of the world’s gross economic output (GDP) and more than 75% of worldwide trade, as well as approximately two-thirds of the global population, making the G20 the center of international economic cooperation. Creates an important platform for.

Essay – 500 Words

Introduction

The G20 or Group of Twenty is a major forum for international cooperation that deliberates on the most important aspects of the international economic and financial agenda. These are the major advanced and emerging economies of the world which include Argentina, Australia, Brazil, Canada, China, EU, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, UK. And the USA is included. These countries together represent approximately 90% of global GDP, 80% of global trade, and two-thirds of the world’s population.

Objectives of G20

a) Promote financial regulations that reduce risks and prevent future financial crises.

b) To establish policy consistency, coordination, and sustainable development among its members to achieve global economic goals.

c) And building a new international financial architecture.

Origin and Development

The G20 was formed in response to a number of financial challenges. In the 1990s, some of the emerging economies were not adequately represented in the global economic discussion. So in December 1999, finance ministers and central bank governors of emerging countries of systemic importance met for the first time in Berlin, Germany, and held an informal dialogue on key issues for global economic stability. Since then, central bank governors and finance ministers have met annually.

Organizational Structure of G20

The formation operates without a permanent secretariat or staff, with its chair rotating annually. Their chairperson is elected from among the members and from a different regional group of countries. Their Chairman is part of a three-member management group that rotates past, present, and future.

G20 Leaders Summit

The first G20 summit was hosted by the US. The President developed a coordinated response in Washington in November 2008. In the first summit, all the leaders discussed the causes of the global economic and financial crisis and agreed to implement an action plan around it which had three main objectives, namely, (1) restoring global growth (2) international financial system strengthening and (3) reform of international financial institutions.

India and G-20

India’s participation in the G20 as a leader stems from the realization that developing economies have a significant stake in the stability of the international economy and financial system. India has been actively involved in the G20 process at both the Sherpa track and the financial track since its inception with the Prime Minister participating in all and has endeavored to ensure that the global community remains focused on the need and need to ensure an adequate flow of finance to emerging economies to meet their development. India has welcomed the inclusion of development as part of the G20 process.

The G20 or Group of Twenty, being a major forum for international cooperation, deliberates on the most important aspects of the international economic and financial agenda with the main objectives of restoring global growth, strengthening the international financial system, and reforming international financial institutions.

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Essay on G20 Summit 2023 in English for School Students

Essay on g20 summit delhi: the g20 summit 2023 is being held in new delhi, india. students must understand how important this is for our nation. check this english essay on g20 summit 2023 and amaze your teachers and friends with your knowledge.

About G20 Summit 2023

The 18th G20 Summit is the high point of a year filled with G20 activities. The G20 Summit 2023 is being held in Delhi, India from September 9 and September 10, 2023.

Who are G20 Members?

When did india join the g20, what is the theme of the 2023 g20 summit delhi, which country will host the g20 presidency in 2024, 200 words essay on g20 summit 2023.

The G20 Summit stands as a pivotal international gathering where the leaders and central bank governors from 20 of the world's most influential economies come together to deliberate on matters of global economic significance. Established in 1999, this summit was conceived to facilitate discussions surrounding policy issues concerning international economic cooperation and development.

The G20 member nations collectively wield tremendous economic power, representing a staggering 85% of the world's Gross Domestic Product (GDP) and a majority of the global population. These member countries include Argentina, Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Russia, Mexico, Saudi Arabia, South Africa, Turkey, the United Kingdom, and the United States.

For India, the 2023 G20 is of paramount importance. It serves as a platform through which the nation can engage with the world's foremost economic players, advocating for its economic interests and addressing pressing global concerns. India, with its rapidly growing economy and substantial population, seeks to leverage this forum to not only safeguard its own interests but also to contribute to the resolution of critical global challenges, such as climate change, trade, and economic stability.

Importance of the G20 Summit

Together, the G20 members account for approximately 85% of the world's total economic output (GDP), more than 75% of worldwide trade, and nearly two-thirds of the global population, making it a vital forum for international economic cooperation. The G20 Summit is important as it serves as a platform for the leaders of the world's largest economies to collaborate on pressing global matters. 

At the G20 Summit, leaders exchange ideas, deliberate on policy solutions, and coordinate efforts to tackle various global challenges, encompassing economic issues like recessions, trade, and investments, as well as social concerns like poverty, inequality, and climate change.

Importance of India’s G20 Summit Presidency 2023

G20 is the premier forum for international economic cooperation representing around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population.

During the course of its G20 Presidency, India will host about 200 meetings in 32 different sectors in multiple locations across India.

• According to Prime Minister Modi, this term can be an opportunity for India to share its expertise with the world in areas of women empowerment, democracy and digital technologies.
• As a country with core democratic values, India can show the world that the scope of conflict can come to an end when democracy becomes a culture. This gains significance amidst the ongoing Russia-Ukraine conflict.
• India’s foreign policy is focusing on the ‘global common good’. Through its G20 leadership, India hopes to extend this principle towards finding sustainable solutions to some of the key global challenges emerging out of the interconnectedness of the world, such as climate change, new and emerging technologies, food and energy security, etc.
• This would be the first time when the Troika would consist of three developing countries and emerging economies.
• It is hoped that as a result there would be a shift in the balance of power within the G20 favouring emerging economies to have a greater share in decision-making at this grouping.
• The G-20 Presidency presents a great opportunity for India to correct the long-standing anomalies that go against developing countries, especially in the domain of agriculture and food subsidies.

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Essay on G20 Summit- 100, 200, and 500 words

Reported by Pankaj Bhatt

Published on 10 September 2024

What if you have to write an essay on G20 Summit in school or anywhere else? Do you know what it is and why we have the number 20 in it ? If you don’t know anything about G20 or know a little bit and want to know more and, most notably, how you can write an essay on this complicated yet exciting topic, then do read this article because we have everything for you on this page.

The G20, commonly known as The Group of Twenty, is an international platform where many nations participate and discuss the cardinal points regarding the global financial and economic agendas. Moreover, one of the main objectives of this forum is to bring together all the economies emerging with the world’s advanced economies.

Furthermore, the Group of Twenty provides a forum for International Cooperation regarding economics. The G20 group was introduced in the year 1999.

In 2023, India was the presidential candidate of the G20, which was held in September. The next edition of G20 will be held in Rio De Janeiro, Brazil. The other critical details about the G20 we have shared are in essay format. In this article, we have provided essays on the G20 summit. The essay has been divided into three sections of 500, 200 and 100 words in the forthcoming paragraphs.

500 Words Essay on G20 Summit

The Group of Twenty, also known as G20, is an international platform for economic cooperation. The G20 forum plays a crucial role in reinforcing the global architecture and the governance or administration of all the economic issues that have been doing rounds worldwide. The presidency of G20 for the year 2024 is handed over to Brazil, which will be held on 18 and 19 November 2024 in Rio De Janeiro. In 2023, the 20 summit was headed by India.

Moreover, after discussing establishing the G20 summit, the Group of Twenty was founded in 1999. It was established in the wake of the Asian Financial Crisis.G20 is a platform in which the Central Bank Governors and the Finance Ministers of many countries participate in the summit to discuss financial and economic issues worldwide.

The G20 summit is held once every year under the leadership of the presidency, which is rotated among all the participating countries. The G20 comprises 19 countries in the current situation. The participating countries are as follows Indonesia, Argentina, Canada, Australia, Japan, Mexico, South Africa, United Kingdom, Türkiye, the United States, the Republic of Korea, Australia, China,  Germany, France, Saudi Arabia, Brazil, Russia, Italy and the European Union. In terms of GDP, 85% of the world GDP is represented by the G20 members. Along with this, global trade of over 75% is also done by the G20 members. The various G20 summits held in the previous years have been stated below:

• The First Summit was held in the year 2008 and was hosted by the US in Washington.
• The Second Summit was held in April 2009 and was held in London.
• The Third Summit was held in September 2009 in Pittsburgh.
• The Fourth Summit was held in June 2010 in Toronto.
• The Fifth Summit was held in November 2010 in Seoul.
• The Sixth Summit of G20 was held in November 2011 in Cannes.
• The Seventh Summit of G20 was held in June 2012 in Mexico.

The summits mentioned above are the G20 summit held in 2012. However, after 2012 also, the G20 summit was held every year. The 2023 G20 summit will be held in India and this will be the 18th G20 summit. The 17th G20 summit was held in Bali, i.e. the G20 summit 2022.

As we have mentioned earlier, this year the G20 summit will be held in India. The theme of the G20 Summit 2023 will be ‘One Earth · One Family · One Future’ or ‘Vasudhaiva Kutumbakam’.The inspiration for the theme is the ancient Sanskrit text i.e., Maha Upanishad. The theme indicates the importance of life for every creature present on the earth. The objective of the G20 Summit 2023 is as follows:

• To discuss the policies regarding global economic stability as well as sustainable growth.
• To discuss the crisis of the climate.
• Apart from this, the G20 members are expected to discuss the recovery of many nations from the recent pandemic and the impact of the pandemic on jobs.
• Discussing the Ukraine-Russia Conflict.

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The G20 summit to be held in the year 2023 will be very important for India. The primary point of the discussion for the participating countries will be as follows.

• Economic Growth: The G20 platform is one of the biggest platforms for many developing and developed countries. From this perspective of India, it will provide India with the opportunity to get engaged with many larger and more developed economies all over the world. India will get the opportunity to attract investment into the country, and it will help the nation in its overall development along with its economic growth.
• Financial Stability: Regarding financial stability, India can gain from the discussion regarding financial stability and regulations at the G20 Summit to be held in India.
• Global Issues: The G20 summit is always considered an important platform for discussing global issues. Therefore, India can be considered a platform in which it can address various issues such as the Ukraine-Russia conflict. The G20 summit 2023 can be a game changer regarding this conflict.

World Happiness Index 2023

100 words essay on g20 summit.

The G20 is a forum mainly regarding economic cooperation. Since its inception and implementation, it has played an important role in strengthening world architecture. In addition to this, it has also helped in governing the major economic issues countered by the world. Furthermore, this year the G20 summit will be held in India.

The G20 summit will be from the 9th of September to the 10th of September, 2023 in New Delhi. It will be held under the presidency of India only. The theme of the G20 Summit 2023 will be ‘ One Earth. One Family. One Future’ and ‘Vasudhaiva Kutumbakam’.The G20 Summit 2023 will be important for India from many perspectives.

You can also follow the G20 India Official Twitter Page for more updates on this.

Important Links

Which Country will host the G20 Summit in 2024?

G20 Summit 2024 will be headed by Brazil.

Which country host the G20 in 2023?

India hosts the G20 summit for 2023.

When will the G20 summit be held in 2024?

It is scheduled for 18 and 19 November 2024.

Pankaj Bhatt

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Essay on G20

Introduction to G20

The Group of Twenty (G20) stands as a pivotal forum in contemporary global economic governance, offering a platform for the world’s most influential economies to collaborate on addressing pressing economic challenges. Emerging in the wake of 2008, the G20 has transformed from a platform where finance ministers discuss to a high-profile summit attended by world leaders. With its diverse membership and broad mandate, the G20 is crucial in steering international economic policy, fostering cooperation, and ensuring financial stability. This essay explores the origins, composition, objectives, achievements, challenges, and future prospects of the G20, shedding light on its significance in shaping the trajectory of the global economy.

Origins and Evolution of the G20

The Group of Twenty, commonly known as the G20, emerged as a response to the global economic challenges of the late 20th century. Its origins and evolution reflect the need for a more inclusive forum for international economic cooperation.

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• Historical Context: The G20 originates from the aftermath of the Asian financial crisis in 1997 and 1998 . This crisis highlighted the shortcomings of the existing economic governance structures, particularly the dominance of the Group of Seven (G7) countries.
• Emergence and Formation : In 1999, finance ministers and central bank governors from 19 major economies and the European Union convened for the first G20 meeting in response to the Asian financial crisis. This gathering marked the formal inception of the G20. Leaders established the G20 as a platform for discussing and coordinating economic policies, focusing on promoting financial stability and sustainable growth.
• Expansion to Leaders’ Summit : Following the global financial crisis in 2008, leaders elevated the G20 to a summit level. This decision reflected the recognition of the need for high-level political engagement to address the magnitude of the crisis and its global ramifications. The first G20 leaders’ summit was held in Washington, D.C., in November 2008, where leaders pledged to take coordinated action to stabilize financial markets and support economic recovery.
• Evolution of Mandate and Scope : Over time, the G20’s mandate has expanded beyond its initial focus on financial stability to encompass a broader range of economic issues, including trade, investment, development, and climate change. The G20 stands as the foremost platform for international economic cooperation, uniting the world’s major economies to tackle common challenges and promote policy coordination.
• Key Milestones : The G20 has convened annual summits since 2008, with each summit addressing the global economy’s priorities and challenges. Notable milestones include adopting the G20 Action Plan for Growth and Jobs, establishing the Financial Stability Board (FSB), and developing the Sustainable Development Goals (SDGs).
• Continued Relevance and Adaptation : The G20 continues to adapt and evolve to remain relevant despite growing global economic dynamics and emerging challenges. The G20 has played a crucial role in coordinating responses to crises such as the COVID-19 pandemic, demonstrating its agility and capacity for collective action in times of need.

Composition and Membership

• Core Membership: The G20 comprises 19 individual countries and the European Union (EU), representing a diverse mix of advanced and emerging economies. These countries are selected based on their significant economic influence, representing approximately 85% of the global GDP and two-thirds of the world’s population.
• Inclusion Criteria: Membership in the G20 is based primarily on economic criteria, including a country’s GDP, trade volume, and strategic importance in the global economy. While there are no formal criteria for inclusion, organizers typically invite countries with the largest economies and most significant influence on global economic dynamics to join.
• Selection Process: G20 membership is not fixed and can evolve over time. New members may be invited based on changes in economic status or geopolitical considerations. The G20 operates on a consensus basis, and membership decisions are made collectively by existing members.
• Non-Member Invitees: The G20 extends invitations to guest countries and international organizations, besides its core members, for participation in its meetings. These invitees may include representatives from smaller economies, regional groupings, or international financial institutions.
• Outreach Groups: The G20 engages with various outreach groups, including the Business 20 (B20), Civil 20 (C20), Labour 20 (L20), Think 20 (T20), and Women 20 (W20). These groups represent different stakeholders, such as the business community, civil society, labor unions, think tanks, and women’s organizations, and they provide input and recommendations to G20 leaders.
• Representation and Diversity: While the G20 represents a significant portion of the global economy, it also faces challenges related to representation and diversity. Critics argue that smaller economies and developing countries are underrepresented in the G20, limiting their ability to influence decisions that affect them.
• Flexibility and Adaptability: The G20’s composition is dynamic and adaptable, allowing flexibility in addressing emerging economic challenges and incorporating diverse perspectives. The G20 maintains relevance in a swiftly evolving global economic landscape and tackles a broad spectrum of issues impacting the international community due to its flexibility.
• Impact of Membership: G20 membership confers influence and responsibility on member countries, providing a platform to shape global economic policy and governance. However, membership also entails commitments to cooperative action and collective decision-making, requiring member countries to balance national interests with the broader objectives of the G20.

Members of G20

The G20 comprises 19 individual countries and the European Union (EU). The member countries are:

Additionally, the European Union (EU) participates as a member in the G20 meetings, contributing to the group’s total of 20 members.

Objectives and Mandates

The Group of Twenty (G20) has broad objectives and mandates to promote global economic stability, sustainable development, and cooperation among its member countries. Elaborate on these objectives and mandates as follows:

• Economic Stability: One of the G20’s primary objectives is to promote global economic stability by coordinating policies to address macroeconomic imbalances, financial vulnerabilities, and systemic risks. The G20 seeks to prevent and mitigate financial crises, enhance resilience to shocks, and foster sustainable economic growth through policy coordination, exchange rate stability, and prudent macroeconomic management.
• Financial Regulation and Reform: The G20 is committed to strengthening the international financial system by implementing comprehensive regulatory reforms to address the root causes of the 2008 global financial crisis. Key focus areas include enhancing financial sector supervision, improving risk management practices, and increasing transparency and accountability in financial markets. Initiatives such as the Basel III framework for banking regulation, reforms to over-the-counter derivatives markets, and efforts to address “too-big-to-fail” banks are part of the G20’s agenda to promote financial stability and prevent future crises.
• Sustainable and Inclusive Growth: The G20 acknowledges the significance of promoting sustainable and inclusive economic growth that benefits all segments of society, including marginalized and vulnerable populations. The G20’s agenda for inclusive growth includes measures to combat climate change , increase access to healthcare and education, decrease income inequality, and promote job development. The G20 also prioritizes the United Nations Sustainable Development Goals (SDGs) and seeks to align its policies with the broader international development agenda to achieve sustainable development outcomes globally.
• International Trade and Investment: The G20 supports an open, transparent, and rules-based multilateral trading system that fosters global trade and investment flows. Member countries commit to refraining from protectionist measures and working towards removing trade barriers to promote economic integration and competitiveness. The G20 also addresses trade imbalances, intellectual property rights, market access, and trade facilitation to promote a level playing field for businesses and ensure trade benefits are widely shared.
• Global Governance and Cooperation: The G20 is a venue for discussion, collaboration, and collective action on a wide range of global economic concerns, such as taxation, anti-corruption, infrastructure development, and digitization. Member countries collaborate with international organizations, such as the World Bank, (IMF) International Monetary Fund, and World Trade Organization (WTO), to strengthen the effectiveness of global governance mechanisms and address common challenges.
• Crisis Response and Management: The G20 is crucial in crisis response and management, providing a platform for coordinated action during economic and financial turmoil. Member countries commit to taking timely and decisive measures to restore confidence, stabilize financial markets , and support economic recovery in crises or emergencies.

Structure and Decision-Making Process

The Group of Twenty (G20) operates with a flexible structure and decision-making process that accommodates its member countries’ diverse interests and priorities. This section outlines the key components of the G20’s structure and decision-making process, including:

Organizational Structure:

• Presidency: The G20 operates on a rotating presidency system, where a member country holds the presidency for one year. The presidency sets the agenda, organizes meetings, and facilitates discussions among member countries.
• Sherpa Process: Each member country appoints a sherpa, who serves as the personal representative of the head of state or government in G20-related matters. Sherpas are crucial in coordinating negotiations, preparing summit agendas, and advancing their country’s interests within the G20.
• Working Groups: The G20 establishes working groups on specific thematic areas, such as finance, trade, development, and climate change . These working groups conduct technical analysis, develop policy recommendations, and facilitate discussions among experts and policymakers.

Decision-Making Processes:

• Consensus Building: The G20 operates on the principle of consensus, where member countries reach decisions through dialogue and negotiation. Consensus building allows for accommodating diverse viewpoints and ensures broad ownership of decisions.
• Informal Nature: The G20 is an informal forum without legally binding commitments or formal voting procedures. Instead, member countries base decisions on mutual agreement and political commitments.
• Declaration and Communiqués: After each summit, the G20 issues a declaration or communiqué summarizing the key outcomes, policy priorities, and commitments agreed upon by member countries. These documents guide future action and serve as a basis for monitoring progress.

Summit Meetings:

• Annual Summit: The G20 convenes an annual summit of heads of state or government hosted by the country holding the presidency. The summit allows leaders to discuss pressing economic issues, exchange views, and make policy decisions.
• Ministerial Meetings: Besides the annual summit, the G20 holds ministerial meetings yearly, focusing on specific thematic areas such as finance, trade, labor, and environment. These meetings provide opportunities for in-depth discussions and policy coordination among ministers and officials.

Outreach and Engagement:

• Engagement Groups: The G20 engages with various stakeholder groups, including business, civil society, labor unions, and think tanks, through engagement groups such as the Business 20 (B20), Civil 20 (C20), and Labor 20 (L20). These groups provide input, recommendations, and expertise to inform G20 discussions and outcomes.
• Dialogue with International Organizations: To leverage their experience and advance consistency in global economic policy, the World Bank, the International Monetary Fund (IMF), the World Trade Organization (WTO), and the Organization for Economic Cooperation and Development (OECD) are just a few of the global institutions with which the G20 works.

Major Achievements

The G20 has been instrumental in achieving significant milestones and facilitating crucial reforms in global economic governance. Here are some of its major achievements:

Challenges and Criticisms

Despite its achievements and contributions to global economic governance, the Group of Twenty (G20) faces several challenges and criticisms that warrant attention. These challenges and criticisms include:

• Representation and Legitimacy: Critics argue that the G20’s membership needs to adequately represent the diversity of the global economy, with some regions and countries underrepresented or excluded from the decision-making process. The informal and exclusive nature of the G20 raises questions about its legitimacy and accountability, as decisions made by a select group of countries may not reflect the interests and perspectives of the broader international community.
• Ineffectiveness and Implementation Gaps: Critics have criticized the G20 for its limited effectiveness in implementing policy reforms and achieving tangible outcomes despite its ambitious agenda and commitments. Implementation gaps and delays in translating agreements into concrete actions undermine the G20’s credibility and erode trust among member countries and stakeholders.
• Lack of Enforcement Mechanisms: The G20 operates without formal enforcement mechanisms or binding commitments, relying instead on voluntary cooperation and peer pressure to encourage compliance with agreed-upon measures. The absence of enforceable rules and sanctions limits the G20’s ability to hold member countries accountable for their commitments, leading to uneven implementation and compliance.
• Narrow Focus and Prioritization: Critics argue that the G20 often dominates its agenda with short-term economic and financial issues, neglecting broader challenges such as social inequality, environmental sustainability, and human rights . The G20’s narrow focus on economic growth and stability may overlook structural issues and systemic imbalances that require long-term solutions and holistic approaches.
• Lack of Civil Society Engagement: Civil society organizations and grassroots movements have raised concerns about the need for more meaningful engagement and participation in G20 processes. The G20’s opaque decision-making processes and limited opportunities for civil society input hinder transparency, accountability, and democratic governance.
• Geopolitical Tensions and Divisions: Geopolitical tensions and rivalries among G20 member countries, such as those between the United States, China, and Russia, pose challenges to consensus-building and cooperation within the forum. Divisions over trade disputes, geopolitical conflicts, and ideological differences can hinder progress on shared objectives and undermine the G20’s effectiveness as a platform for global economic governance.

Future Prospects and Recommendations

There are chances for the Group of Twenty (G20) to increase its influence over the direction of global economic governance as it continues to manage intricate geopolitical dynamics and challenging global economic issues. Future prospects and recommendations for the G20 include:

• Enhanced Multilateral Cooperation: The G20 should prioritize strengthening multilateral cooperation and dialogue among its member countries, fostering trust, and building consensus on shared objectives and challenges. Prioritizing diversity, openness, and accountability can improve the G20’s credibility and efficacy as a platform for international economic governance.
• Comprehensive Policy Agenda: The G20 should adopt a comprehensive policy agenda that addresses short-term economic and financial issues and broader challenges such as climate change, social inequality, and technological innovation. Balancing economic growth with sustainability, equity, and resilience can promote more inclusive and sustainable development outcomes globally.
• Institutional Reform and Governance: The G20 should consider institutional reforms to enhance its governance structure and decision-making processes, ensuring greater representation and participation of all member countries and stakeholders. Exploring mechanisms for accountability, enforcement, and peer review can strengthen the implementation of agreed-upon measures and enhance the G20’s effectiveness in addressing global challenges.
• Engagement with Civil Society and Stakeholders: The G20 should engage more actively with civil society organizations, academia, businesses, and other stakeholders to foster transparency, inclusivity, and dialogue. Creating platforms for meaningful participation and consultation can enrich policy discussions, build public trust, and enhance the relevance of the G20’s decisions and initiatives.
• Innovation and Adaptation: The G20 should embrace innovation and adaptability to respond effectively to emerging challenges and opportunities in the global economy. Leveraging digital technologies, data analytics, and scientific research can facilitate evidence-based policymaking and enhance the G20’s capacity to address complex and interconnected issues.
• Commitment to Sustainable Development: The G20 should reaffirm its dedication to sustainable development goals, including climate action, poverty reduction, and gender equality . Integrating sustainability considerations into economic policies, investment decisions, and infrastructure development can promote green growth and build resilience to environmental and social risks.
• Strengthening Global Health Security: Building on lessons learned from the COVID-19 pandemic, the G20 should prioritize strengthening global health security and pandemic preparedness. Investing in healthcare systems, vaccine production capacity, and international cooperation can mitigate the impact of future health crises and promote global health equity.

The G20 has proven instrumental in navigating complex global economic challenges, fostering cooperation among member countries, and shaping international policy responses. Through collaborative efforts, the G20 has achieved notable milestones in financial regulation, trade facilitation, crisis management, and global health response. However, the forum faces ongoing challenges, including representation issues and divergent national interests. Despite these challenges, the G20 remains a vital platform for addressing shared global concerns and advancing collective prosperity. Moving forward, sustained commitment to dialogue, cooperation, and multilateralism will be essential to effectively tackle evolving threats and promote inclusive and sustainable economic growth on a global scale.

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Essay on G20

Students are often asked to write an essay on G20 in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

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100 Words Essay on G20

Introduction.

G20, short for Group of Twenty, is an international forum for governments and central bank governors. It consists of 19 countries and the European Union.

Members of G20

The member countries are 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.

Importance of G20

The G20 was formed to discuss policy issues pertaining to the promotion of international financial stability. It seeks to address issues that go beyond the responsibilities of any one organization.

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250 Words Essay on G20

Introduction to g20.

The Group of Twenty (G20) is an international forum for the governments and central bank governors from 19 countries and the European Union. Established in 1999, the G20 aims to discuss policy issues pertaining to the promotion of international financial stability.

Member Countries and Influence

The G20 members include a mix of the world’s largest advanced and emerging economies, representing about two-thirds of the world’s population, 85% of global gross domestic product, and over 75% of global trade. The influence of the G20 extends beyond its core members due to its economic and political weight.

Role and Function

The primary role of the G20 is to prevent future international financial crises. It seeks to shape the global economic agenda, by fostering dialogue amongst key countries within the global economic system. The G20 has no permanent staff or headquarters, making it a flexible and informal forum.

Significance and Criticism

The G20’s significance lies in its capacity to facilitate international economic cooperation. However, it has been criticized for its lack of transparency, accountability, and representation of smaller or less developed countries.

Despite its criticisms, the G20 remains an important platform for dialogue and decision-making at the highest levels of government and central banking. Its ability to adapt and respond to global economic challenges will continue to shape its relevance in the years to come.

500 Words Essay on G20

The Group of Twenty, popularly known as G20, is an international forum for governments and central bank governors from 19 countries and the European Union. Established in 1999, the G20 aims to discuss policy issues pertaining to the promotion of international financial stability. It seeks to address issues that go beyond the responsibilities of any one organization.

Member Nations and Structure

The G20 comprises 19 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. These economies represent around 85% of the gross world product (GWP), 80% of world trade, two-thirds of the world population, and approximately half of the world’s land area. The G20 operates without a permanent secretariat or staff, and its chairmanship rotates annually among its members.

Role and Importance

The G20 plays a pivotal role in global economic governance. Amidst the global financial crisis of 2008, the G20 was instrumental in preventing the global economy from slipping into a depression. It did so by coordinating national fiscal stimulus packages, enhancing the resources of international financial institutions, and initiating a financial sector reform agenda.

Challenges and Criticisms

Despite its significant role, the G20 has been criticized for its lack of representation and transparency. Critics argue that many countries, especially those from Africa, are underrepresented. Furthermore, decisions are often made behind closed doors, with little input from non-member countries. The G20’s effectiveness has also been questioned given the persisting global economic imbalances and the lack of enforceability of its decisions.

Future of G20

The future of the G20 hinges on its ability to adapt and respond to global challenges. Climate change, income inequality, and digital transformation are just a few issues that require a coordinated international response. The G20’s capacity to effectively address these issues will determine its relevance in the coming years.

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G20 Summit and Global Economic Governance Research Paper

• To find inspiration for your paper and overcome writer’s block
• As a source of information (ensure proper referencing)
• As a template for you assignment

Working Thesis

Potential argument, hypothesis: use of technology to cut on the costs of the g20 summit, unfulfilled promises, defenders of self interest, the financial stability board, works cited.

The Group of Twenty (G20) summit was established in 1999 following the financial crisis of the late 20th century that affected, especially, Asia (Arner and Schou-Zibell). It consists of twenty Ministers of finance and Governors of Central banks from both emerging-market countries and developed economies (Edkins and Zehfuss). Its first meeting was held in Berlin, Germany, in December 1999. One of the reasons why the G20 summit came into existence was the realization that important emerging-market countries the world over had not been given a forum to discuss economic and governance issues on the world stage. Its mandate is to promote discussion and review of policies between industrialized and emerging-market countries (Blustein).

Before the emergence of the G20 summit, there had been many other similar summits that had come up with an aim of promoting dialogue on issues of governance and economics. These summits ideally came into existence to build financial growth, development, and structure in international relations. They included the G-7, G-22, and G-33 (Dunne and Smith). The larger groups, G-22 and G-33, demonstrated that there were benefits in involving emerging-market countries in regular consultations, leading to the formation of the G20. Unlike other international organizations, the G20 does not have a permanent secretariat and it promotes the informal interchange of ideas and views on international issues (Dunne and Smith).

Each year the summit is held in a different country and in June 2010 it was Toronto’s turn to hold the three-day event. The leaders of the 20 countries would participate in the discussion regarding financial sustainability (Lagarde 078-079). The 20 countries that would be involved are the following: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Republic of Korea, Turkey, United Kingdom and the United States of America. Also in attendance at the G20 summit would be the International Monetary fund’s (IMF) managing director, the World Bank president, and chairpersons several other international committees like the development committee and the International Monetary and financial committee (Samans, Uzan, and Lopez). Their presence is due to the close cooperation between G20 and other international organizations.

Looking at all the countries listed, it is important to note that they are all economically independent and this summit does lack the participation of third world countries. This might mean that the issues afflicting the underdeveloped countries may not be given weight in the G20 summit since there is no one to push for them, except for times when some representatives from such countries are invited, but in such cases, they may not have much of bargaining power like the representatives of the member countries (Brunswick and Evenett 269).

The main purpose of the G20 summit was to have the top 20 economically independent countries come together in hopes to legitimize economic structure around the globe, but this holds to be contradictory. The Toronto G20 summit was focusing on recovery and new beginnings as its theme. In this summit, issues to do with financial reform progress and the development of stimulus measures that are sustainable were discussed. Issues of bank tax and promotion of open markets world over were also debated (Dvorak). However, the following facts should be considered when referring to the Toronto G20 summit and its overall impact on enhancing better world economy. The summit was nothing more than a media frenzy that didn’t need the amount of attention that it received. This three day event cost Canada and the tax payers a billion dollars (Msnb). It was held in one of the busiest places in Canada and therefore affected the day to day activities of many people and ventures (Dvorak). One of the most important factors this essay will study is G20, like many of the other summits before it, has yet again accomplished very little as compared to the time and money spent on the event.

The G20 summit cost Canadian taxpayers a billion dollars. What was the billion dollars spent on lingered in the minds of most Canadians. Statements by the Parliamentary office demonstrated that the summit had cost Canadians 930 million dollars in safety measures only. This security operation was the most expensive in the history of Canada. Together with other hosting costs including nearly 2 million dollars for marketing and media, the total amount comes to about 1 billion dollars. When looking at these figures and those of other G20 summit meetings, it is very astonishing to see how much of the taxpayers’ money was spent on security alone and the question whether this was necessary lingers on, bearing in mind that some people in third world countries are in need of aid (Msnb).

The meeting was held in downtown Toronto, one of the busiest areas, and this affected residence, business, employees, pedestrians, transit riders, cyclists, motorists, students, those leaving town, the homeless, and lastly the tourist (Dvorak). One of the biggest tourist attractions, The CN tower, was closed for the summit. Although this attraction was only closed for a 3 days, it would negatively impact on Canada’s economy as it is a daily income generating site (Gothamist). The summit was rocked by widespread protests which stated several days prior to the summit. These protests were part of the reason for the expenses incurred on security measures. They also served to worsen an already bad situation for day to day activities for residents and business ventures as more than 900 people were arrested within a week, some streets were closed down and some buildings attacked. This further heightened the economic burden that came with hosting the G20 summit (Dvorak).

What comes out of this summit? Twenty large economies came together, for a three day affair, but one must essentially wonder what changes were made in previous summits and this past G20 summit. The G20 summit held in Toronto came to the conclusion that these represented economies should keep more financial capital in their banks in case of economic upsets in the future. The developed nations’ leaders also agreed on debt-to-GDP ratio reduction by the year 2016 as well as taxing financial institutions. The need for the capital reserve was to have restrictions on many of the countries that did not have them in place already, which resulted in the recession of 2009. The United States, which did not hold any restrictions on their banks, resulted in many banks as well as economy to go downhill (Lagande, 078-079).

Although it is apparent that this meeting was needed, one may ask: was the cost worth it? The 20 countries that did participate in the summit are already economically independent, which is one of the reasons protesters feel that the G20 summit is a waste of time and money (Brusick and Evenett 269). The issues that the third world countries are mostly concerned with, namely food security and climate change did not get a significant resolution during this summit. It is due to this that Protestors believe that the summit is only helping the economically successful countries gain more success instead of helping the third world countries that need the help (Brusick and Evenett 269). The results were the enduring cycle of the wealthy getting wealthier as well as the underprivileged getting more pitiable. At the end of the meeting, joblessness remains a challenge to those in underdeveloped countries and due to this they continue to suffer in poverty (Coats, Hutton and razarelli).

It is tradition to do these summits in person as seen in the G20 summit and many of the previous summits, but with the changing economy and technology it would be more efficient to have such summits in another manner which would cut cost especially in security, infrastructure, travel and accommodation. This would also make sure that the day to day activities of hosting countries, including businesses and other income generating ventures like tourism are not interfered with (Dvorak). The media has a large part in the amount of security that is needed in such political events. If the summit had been done in other technological means without attracting the attention of protestors little or no security would be needed. The destructive effects of protests, both to the economy and security of the country, would be avoided (Gothamist). With society changing and technology advancing 20 people don’t have to be in the same place at the same time to discuss world matters. This would also protect against excessive media coverage of a highly political event. The net effect would be a significant cut in the cost of holding the G20 summit. The saved finances would then be focused on other issues like provision of basic needs to those who lack them.

Since the summit was held in Toronto, there have been 94 protectionist measures implemented by the G20 member governments, with just 44 of similar measures being implemented by the rest of the world (Evenett 22). The world over, there has been 100 neutral measures formulated and implemented since June 2010, with G20 member countries implementing only 29% of these (Evenett 22). This shows a serious mismatch between what the G20 summit concludes and the action taken by the member countries. If this is the trend, is there a need to spend so much money on G20 summit to make resolutions that will not be followed by those making them? This question needs to be answered for the need for and the importance of the G20 summit to be ascertained.

It is clear that governments which are not members of the G20 summit are better at keeping markets open than those who made the resolution to do so in Toronto. There is a great mismatch between word and action of the developed countries. The same governments that spoke of their desire to promote development by encouraging trade between them and the third world countries are instead harming these poor countries through their protectionist measures (Evenett 22). The G20 members are ranked top among countries that have caused economic harm to their lesser trading partners (Evenett 23).

The following table shows the biggest targets of discriminatory measures at different times before and after the summit (Evenett 25).

Table 1: Highest targets of discriminatory measures

The table below shows by rank the countries that have inflicted the most harm to others. It shows that the economically stable countries of the G20 are in the forefront of inflicting harm to their trading partners (Evenett 26).

Table 2: Rank of countries inflicting the most harm

As seen in the G20 meetings in Washington and London, the member countries showed that they can act together on serious issues affecting them, like the financial recession. The nations demonstrated their willingness to engage in any actions necessary in a bid to stabilize their financial systems (Blustein and Prasad). Such actions included nationalization of banks and creation of insurance schemes that would help clear toxic debts as well as availing bail-outs. There was also reduction of interest rates as a policy measure to boost the economic recovery process. These economic heavy weights encouraged support of their development agenda by the World Bank through its new infrastructure as well as trade finance facilities (Lagande 078-079). They also resolved to strengthen regulatory regimes as they did for financial markets in a bid to prevent further economic crises. During the Washington G20 meeting, the member countries stressed the importance of assisting the poorest countries in the world to develop. Emerging economies would also be helped to get finances through the IMF and development banks. The intent to help the poor countries seems noble and would momentarily bring an illusion of relief to these countries, but the developed countries just stressed the importance of helping them with no commitment or plans of doing so being drawn (Brusick and Evenett).

From these summits, it is clear that the developed countries can act in haste when matters affecting them directly arise and they defend their interests with whatever action that is necessary. It cannot be expected that they react with the same zest when there are issues affecting the poor countries, but at least including the in the membership of the G20 would give them a forum to push for consideration of those problems afflicting them (Brusick and Evenett).

The financial stability board (FSB) came up as a result of re-establishment of what was formerly known as the Financial Stability Forum (FSF) during the G20 meeting in London. It was mandated with the task of promoting financial stability among the G20 member countries, but its coverage extends to cover the European commission and Spain. The FSB monitors and advises the member countries on issues to do with market development, highlighting the possible effects on regulatory policy. It undertakes strategic reviews of the work on policy development done by standard setting institutions in an effort to ensure timely and coordinated focus on priorities that cover financial gaps (Samans, Uzan and Lopez). It also comes up with guidelines and support for supervisory colleges’ establishment and operation by identifying the most important and systemically appropriate cross-border firms. It then coordinates planning to manage cross-border crisis with reference to the identified important cross-border firms. In conjunction with the IMF, the FSB identifies early warning signs of financial risks and recommends actions that can be used to deal with the threat.

The FSB is therefore concerned about the financial welfare of the G20 member countries which, as earlier indicated, comprise of the world’s greatest economies and upcoming promising economies. This further proves the theory earlier generated that the process adopted by the G20 seeks to safeguard the rich and make them richer while the poor remain in poverty. The developing countries could benefit significantly from the services of the FSB in helping them from their financial difficulties through strategic planning (Brusick and Evenett).

From the text presented in this paper, it can be concluded that the G20 summit is necessary for handling the economic and governance issues of the member countries. The summit provides a forum in which matters of global importance are discussed and solutions formulated. It also works hand in hand with other global organizations like the World Bank and the IMF to facilitate solutions to various challenges. Through the FSB, it helps identify economic warnings early enough for preventive measures to be put in place. Therefore, the importance of the G20 summit cannot be underestimated (Blustein and Prasad).

However, the G20 summit has its blemish on different areas. First, its organization and operation of meetings is too expensive, as seen in the 2010 Toronto summit in which approximately 1 billion dollars was used, most of it going to security. This leaves the desire for a way to change how these summits are done in a bid to cut the costs and direct the funds to other areas which are more critical, like helping poor countries develop (Brusick and Evenett).

It is apparent that the G20 summit does not concentrate on issues that do not affect the member countries directly as much as they concentrate on those issues directly affecting them. Since the membership of the G20 does not include poor third world countries, this means that issues affecting them are not given weight for them to be attended to well and solutions found (Brusick and Evenett).

The G20 summit continues to use a lot of money on issues like organising meetings while the poor countries of the world suffer in poverty. Though the G20 is necessary, something should be done on its membership to involve third world countries and cut down the cost of running it (Blustein and Prasad).

Arner, Douglas, and Lotte Schou-Zibell. Asian regulatory responses to the Global Financial Crisis: Global journal of emerging market economies , 3, 1 (2011): 135- 169.

Blustein, Paul, and Eswar Prasad. Recovery or relapse: the role of the G20 in the global economy. Washington D.C: global economy and development at Brookings, 2010.

Brusick, Philippe, and Simon J. Evenett. “Should the developing countries worry about abuse of dominant power?” Wisconsin law review , 2 (2008): 269.

Coats, David, Will Hutton, and Matteo Razzanell. Tackling the global jobs crisis: Why the G20 summit matters . London: The Work Foundation, 2009.

Dunne, Timothy, Milja Kurki, and Steve Smith. International relations theories. New York: Oxford University Press, 2010.

Dvorak, Phred. “Toronto Locks Down for G-20 Summit”. The Wall Street Journal. Dow Jones and Company Inc. 2011.

Edkins, John. and Zehfuss, Michael. Global politics. London : Routledge, 2009.

Evenett , Slyst. Broken promises: a G20 summit report by global trade alert. London: centre for Economic Policy research, 2009.

Msnb . G-20 Summit: ‘$1 Billion Boondoggle?’ 2011. WEB.

Gothamist LLC . How will the G-20 affect everyone, From Cyclists and Tourists . 2011.

Lagande, Charles. “How the G20 must unite to stave off further global financial crises.” business week- New York, 4149 ( 2009): 078-079.

Samans, Richard, Marc Uzan, and Augusto López-Claros.. The international monetary system, the IMF, and the G20: a great transformation in the making? Basing stoke: Palgrave Macmillan, 2007.

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What is the G20 and what was achieved at the Delhi summit?

The African Union is to become a member of the G20, after been invited to join on 9 September 2023, at the group's summit in India's capital Delhi.

The African Union will represent 55 countries from across the continent at future G20 meetings.

What is the G20?

The G20 - or Group of Twenty - is a club of countries that meets to discuss global economic and political issues.

Between them, G20 countries account for 85% of the world's economic output and more than 75% of world trade . They contain two-thirds of global population.

The G20 members are the EU plus 19 nations: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the UK and the US.

Some countries which are members of the G20 also meet as the G7 . These are the world's seven leading industrialised countries.

The African Union was invited to be become a permanent G20 member at the Delhi summit. The organisation represents 55 African countries.

• Profile: African Union

Why was the G20 set up, and why does it matter?

The group was founded in 1999 after the Asian financial crisis . It was designed to be a forum for finance ministers and officials to discuss ways to restore economic stability.

The first leaders' summit was held in 2008 in response to that year's global financial turmoil, to promote international cooperation.

The G20 has broadened its focus in recent years to include issues such as climate change and sustainable energy.

Every year, a different G20 member state takes over the presidency, and sets the agenda for the leaders' summit.

What did the G20 summit achieve?

A joint declaration from G20 members condemned"human suffering and adverse repercussions of the conflict in Ukraine on global food and energy security", without directly criticising Russia.

The Ukrainian government said the declaration was "nothing to be proud of", adding that a Ukrainian presence would have given participants a better understanding of the situation.

A new network of railways and shipping routes was announced by the US, India, Saudi Arabia and the EU, on the sidelines of the summit. It is designed to increase trade between South Asia, the Middle East and Europe.

It is also meant to counter China's project to build new global trading routes, the Belt and Road Initiative .

India's Prime Minister Narendra Modi had wanted the summit to promote his country as a major global power, and himself as an important world leader, ahead of a general election due in spring 2024.

He took the lead in inviting the AU to become a permanent member to the G20.

Both Russia's President Vladimir Putin and China's President Xi Jinping stayed away from the summit.

• Russia hails unexpected G20 'milestone' as Ukraine fumes

Which issues proved difficult for the G20?

In May 2023, China and Saudi Arabia boycotted a G20 meeting on tourism, which was held in Indian-administered Kashmir , because the Kashmir region contains territory claimed by Pakistan as well as India .

A row also broke out between India and China shortly before the summit, when Beijing released a map claiming the state of Arunachal Pradesh and the Aksai Chin plateau as Chinese territory .

What have former G20 summits achieved?

At the 2008 and 2009 leaders' summits, during the financial crisis, leaders agreed a host of measures to rescue the global economic system .

But some critics argue that subsequent summits have been less constructive, often because of tensions between rival world powers .

However, one-to-one meetings between leaders have often proved constructive.

For example, at the 2019 summit in Osaka, then-US president Donald Trump and Chinese President Xi Jinping agreed to resume talks to settle a major trade dispute .

What are the security issues at G20 summits?

G20 summits attract anti-globalisation protests.

India's government ramped up security measures ahead of the Delhi event, closing roads around the venue, and deploying130,000 security officials across the city.

Novel measures were also taken to try to keep troublesome monkeys away from the area .

Delhi has a huge monkey population and authorities needed to stop the animals from disrupting the summit.

Credit: Prisma/Adobe Stock

Policy Priorities for the G20: One Earth, One Family, One Future

At a time of heightened uncertainties for the global economy, India’s strong performance remains a bright spot. So, it’s fitting that Group of Twenty finance ministers and central bank governors will gather in Bengaluru this week.

This will be another challenging year. But it could represent a turning point—with inflation declining and growth bottoming out. Indeed, while  our latest projections  show global growth slowing to 2.9 percent this year, we anticipate a modest rebound to 3.1 percent in 2024.

Look behind the headline numbers and we see emerging market and developing economies providing much of the momentum. We expect them to account for about four-fifths of global growth this year, with India alone expected to contribute more than 15 percent.

But beyond its role as a global growth engine, India is uniquely positioned to bring countries together.

In a world facing multiple challenges and rising geopolitical tensions, this leadership is critical—and beautifully captured in the theme of India’s G20 presidency: One Earth, One Family, One Future .

Let me share my view of what this spirit of “one” represents for policymakers and for all of us as a global community.

First, one family means solidarity and protecting the vulnerable.

The reality is that growth is still subpar and price pressures are still too high. And, after three years of shocks, too many economies and people are still hurting badly.

Around the world, many households struggle to make ends meet because of the high cost of living. Millions cannot afford fuel for heating or cooking. Successive shocks have increased poverty, jeopardizing decades of progress. And, notwithstanding some easing in food prices, a record 349 million people in 79 countries face acute food insecurity .

Supporting the vulnerable is vital in all countries.

Fiscal measures should be temporary and laser-focused on protecting those who are most in need—always good practice, but even more important as countries grapple with increasingly limited resources and higher debt. In most countries, targeted measures need to be coupled with gradual fiscal tightening to rebuild buffers and ensure debt sustainability.

Meanwhile, bringing inflation back to target  remains imperative. To get there, policymakers need to stay the course on monetary tightening. Aligning fiscal and monetary policies will help. Clear communication of these policy goals is vital to avoid a sudden repricing in financial markets.

While the global tightening cycle is necessary to ensure price stability, policymakers must be mindful of adverse spillovers to emerging and developing economies—including through a stronger US dollar and capital outflows. While financial conditions have improved since the G20 last met, providing some modest relief, we have seen how higher borrowing costs exacerbate the vulnerability of economies with heavy external debt burdens.

About 15 percent of low-income countries are in debt distress and an additional 45 percent are at high risk of debt distress. And among emerging economies, about 25 percent are at high risk and facing “default-like” borrowing spreads.

Here, solidarity means better mechanisms to restructure debt. Under the G20’s Common Framework , Chad reached an agreement with its creditors at the end of last year, and Zambia and Ghana are progressing toward debt resolution. But the ground rules need to be clarified and the processes made more efficient and effective.

To accelerate debt restructuring efforts, the IMF, World Bank, and India’s G20 presidency are convening a new Global Sovereign Debt Roundtable . This week in Bengaluru, we will meet in‑person for the first time—and pave the way for creditors, both public and private, and debtor countries to work together, assess the existing shortcomings and best ways to tackle them.

In this more shock-prone world, some emerging and developing economies will also require additional financial support. So, a well-resourced global financial safety net, with the IMF at its center, is more important than ever.

Think of how the Fund has stepped up to support our family of nations since the start of the pandemic. Over $272 billion for 94 countries of which about $34 billion was fast-disbursing emergency financing. The historic SDR allocation of $650 billion to boost our members’ reserves. And a new Food Shock Window  provides fast access to resources for countries hit hardest by the food security crisis.

Now, further solidarity is needed to stand as one with the low-income and vulnerable members of our family to ensure they can still access concessional IMF financing in times of distress and to guard against future crises. Others with the strength and capacity to do so need to stand up and help address fundraising shortfalls—especially on subsidy resources in the Poverty Reduction and Growth Trust —and deliver additional contributions to the new Resilience and Sustainability Trust . This also means determination to advance the 16 th General Review of Quotas  so we can complete it by the end of the year.

Second, one earth means protecting our planet, our home.

We are witness to the increasingly severe and pervasive effects of climate change — an existential threat to humanity that we can only fight as a collective. We must band together as one family in defense of our one earth.

Our collective goal of delivering on the Paris Agreement and boosting resilience will require policies that can help redirect trillions of dollars towards green projects. Consider smarter regulation, price signals and well targeted subsidies that incentivize low-carbon investment or financial innovations that mobilize more private capital.

Here the IMF’s advice and financial support is working in tandem to mitigate the massive climate-related risks to economic and financial stability. The first wave of pilot countries accessing the Resilience and Sustainability Trust demonstrate how we are helping vulnerable countries set up the right policies and create an environment conducive to climate-friendly investments. Alongside this, we are coordinating with others—including multilateral development banks and the private sector—who have a key role to play in reducing investment risks .

To be sure, there are signs of progress, as major economies realign their fiscal frameworks to accelerate the green transition. But policies should stay focused on that transition—rather than providing a competitive advantage to domestic firms. “Green subsidies” for early-stage technologies can be helpful—look at how they lowered the global price of solar energy. They must, however, be carefully designed to avoid wasteful spending or trade tensions, and to make sure that technology is shared with the developing world.

In other words, we must not slide into protectionism. This would make it even more difficult for poorer countries to access new technologies and support the green transition.

The health of our earth is essential to our future. But it is not the only ingredient.

One future means ensuring everyone can prosper.

In an era of technological transformation, how policymakers manage the potential of digital progress can be central to a fair and inclusive future. Think of the revenue and compliance gains from digital tax administration; greater transparency through online procurement that helps fight corruption; and the accountability of digital public financial management systems that can strengthen the social contract.

India’s Unified Payments Interface is an excellent example of technology boosting financial inclusion. Last month alone, this layer of India’s digital public infrastructure processed over 8 billion transactions. And that system allows 400 million people in rural areas to participate with legacy ‘push-button’ cellphones.

This is just the beginning. Most IMF member countries are now actively evaluating central bank digital currencies  (CBDCs) that could bring substantial benefits, such as more resilient payments in disaster-prone countries and greater financial inclusion. India has conducted an in-depth assessment  of CBDCs, which could inform similar studies elsewhere, accelerating digital progress worldwide.

Yet any new financial technology also comes with risks.

The recent collapse of some prominent crypto exchanges has intensified concerns about market integrity and user protection. That is why we need the right policies—for example, to strengthen financial regulation and develop global standards that can apply evenly across borders. The IMF’s work on crypto assets is particularly focused on macro-financial policies.

The idea of maximizing upsides while avoiding missteps lies at the heart of the IMF’s capacity development work. Our objective is to be a transmission line of best practice across our entire membership.

This spirit of “one” should guide us as we move forward.

To achieve the goals of ‘ One Earth, One Family, One Future’ , we need to find common ground even as geopolitical tensions are rising. And we need to steer clear of zero-sum policies that would only leave the world poorer and less secure.

As Indian Nobel Laureate Rabindranath Tagore once said: “ You can’t cross the sea merely by standing and staring at the water .”

For G20 policymakers, this means having the courage to take the right actions, steering the ship we are all on to safe harbor.

Fragile States Need Customized Support to Strengthen Institutions

In the most vulnerable countries, strengthening state capacity must adapt to more frequent economic shocks, greater political instability, and fewer resources

The Time Is Now: We Must Step Up Support For the Poorest Countries

Low-income countries face huge economic challenges and financing needs. They rely on international institutions, including the IMF’s Poverty Reduction and Growth Trust, for vital policy and financial support. Economically stronger countries have a responsibility to contribute to the funding of this support.

Countries Hurt by War and Fragility Need Strong Global Partnerships, Resources

Supporting fragile and conflict-affected states in an age of compound crises is essential for global stability

Essay on Group of twenty (G20)

Essay – group of twenty (g20).

Group of twenty (G20) Essay: The group of twenty or G20 is the premier level intergovernmental forum to manage international economic actions with cooperation of all member countries. The forum plays significant role in monitoring and strengthening major economic issues all over the world. India holds the presidency for G20 forum for 20222 which will occur from December 1 2022 to November 30 2023. The theme of G20 presidency by India is confirmed as “VasudhaivaKutumbakam” or “one Earth. Our family. One future.” India is all set with its structured strategies for successful economic actions of G20. In the present essay, all the aims and work procedures of G20 will be discussed.

Members of G20:

Main initiatives of g20:.

The G20 presidency presents the entire G20 agenda for one long year by hosting the summit first. The G20 is divided into two parts which are finance track and Sherpa track. The finance track is maintained by finance ministry, ministers and banks which the Sherpa track is regulated by Sherpa track. Sherpas from member countries also take part in Sherpa track who are personal emissaries of the leaders. During each presidency the working groups of different member countries meet to work together on accomplishing the objectives. In the Sherpa track, member countries follow the same strategy to complete the tasks as per the formulated agenda. There are also additional groups to support financial activities like civil societies, think tanks, parliamentarians, women, youth group, labour, business and researchers’ group from the G20 countries. The G20 group is supported by the Troika as it does not have a permanent secretariat and it includes the previous, present and upcoming presidency of G20. Like this time of India’s presidency the troika will be formed by India, Indonesia and Brazil together.

Planned priorities:

Conclusion:.

Being Indians it is proud moment for us when India is presenting the G20 presidency summit with its full agenda. In the summit program, India showcased many of its traditional and cultural events in the global platform which proved the diversity of India. All the aims and objectives of the G20 agenda are announced and discussed with member countries’ views. We are hopeful that we will get positive outcome of present G20 summit in financial section and services soon.

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UN chief highlights crucial role of G20 in resolving global crises

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With the global population now at eight billion and growing, action or inaction by the world’s largest economies, the G20, will be critical to determine if everyone gets to live on a peaceful and healthy planet, UN Secretary-General António Guterres said at a press conference in Bali, Indonesia, on Monday. 

Speaking on the eve of the G20 Summit there, the UN chief appealed for the bloc to support his initiatives to address climate change, sustainable development, the worldwide food and energy crises, and digital transformation. 

The Summit is taking place at “the most pivotal, precarious moment in generations” , he told journalists.   

‘Ground zero’ for solutions 

Geopolitical divisions are sparking new conflicts, and making old ones hard to resolve, while “people everywhere are getting hit from every direction” by climate change and the rising cost of living. 

“The G20 is ground zero for bridging divisions and finding answers to these crises and more,” he said. 

As climate change is “the defining challenge of our age” , the Secretary-General reminded these countries that they produce 80 per cent of all global emissions. 

Climate Solidarity Pact 

He has proposed creating a Climate Solidarity Pact, bringing together developed and emerging economies to combine resources and capacities to benefit everyone on the planet. 

He said it would see wealthy nations and international financial institutions provide funding and technical assistance to support emerging economies in accelerating their transition to renewable energy. 

The deal will help end dependence on fossil fuels while providing universal, affordable, sustainable energy for all.  

“G20 leaders can make or break the Climate Solidarity Pac t that I intend to present again tomorrow.   Under this pact, they would make extra efforts this decade to keep the limit of 1.5 degrees alive,” said Mr. Guterres, referring to the goal to cap global temperature rise.   

‘SOS’ for the SDGs 

Developing countries are also unable to access finance needed to achieve the Sustainable Development Goals (SDGs), which include reducing poverty and hunger and investing in healthcare and education. 

“The SDGs are issuing an SOS,” he warned.  “I therefore urge G20 economies to adopt an SDG stimulus package that will provide governments of the Global South with investments and liquidity, and offer debt relief and restructuring. “  

Mr. Guterres noted that a majority of the G20 countries are on the boards of multilateral development banks “and so they can and must make it happen.”  

Prevent famine and hunger 

The Secretary-General will also use the Summit to highlight the food and energy crisis generated by the war in Ukraine. 

Focus will be on the need for urgent action to prevent famine and hunger in a growing number of places around the world. 

He said the UN-brokered agreement on Ukrainian grain exports, as well as efforts to ensure Russian food and fertilizers can access global markets, are essential to global food security. 

Action on energy 

The Black Sea Grain Initiative has already helped to stabilize markets and bring food prices down, he added. 

Meanwhile, engagement continues around access for Russian food and fertilizers, as well as renewal of the landmark deal, which was signed in July and set to expire later this week. 

“On energy, the war in Ukraine has clearly demonstrated the dangers of our addiction to fossil fuels. It is the best possible argument for the fastest possible transition to renewable energy,” he said.   

On Saturday, the World Food Programme ( WFP ) announced that it plans to facilitate the donation of 260,000 metric tonnes of fertilizer by the Russian fertilizer company Uralchem-Uralkali to countries in most need in Africa. WFP said it was grateful for the contributions and support. 

The first shipment will be loaded onto a WFP-chartered vessel from the Netherlands next week. It will sail via Mozambique, with Malawi as the final destination. 

Fighting deadly disinformation 

The Secretary-General concluded by underlining the need for leadership in the digital transformation and for “guardrails” on technology.

“Powerful tech companies are running roughshod over human rights and personal privacy and providing platforms for deadly disinformation, in pursuit of profit,” he said. 

“Let’s be clear: disinformation kills. Undermining public health kills and these are life-and-death issues.”

Mr. Guterres is proposing a way forward based on a Global Digital Compact for an open, free, secure, and inclusive internet.

The Compact calls for universal connectivity via a “human-centred digital space” where free speech and privacy are protected, and which promotes the safe and responsible use of data.

The UN chief has also called for a global code of conduct that promotes integrity in public communications as well as information literacy.    

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ESSAY ON G20 Summit 2023 for Competitive Exams | Essay on G20

Essay on g20 | g20 essay | g20 essay in english.

Currently India is holding Presidency of G20 , therefore essay on G20 has become most important essay topics for all competitive exams like, UPSC, State PSC, SBI PO, IBPS PO, SIDBI, NABARD, SEBI and other banking exams descriptive papers. Here we have written an essay on G20 which will be helpful for your essay writing preparation. Lets see essay on G20 .

Essay on G20 Summit 2023

G20 Summit is an annual international gathering of leaders from the world's largest economies, representing both developed and developing nations. The summit aims to address global economic challenges, promote financial stability, and facilitate international cooperation on a wide range of issues, including trade, finance, climate change, and global health.

G20 Summit 2023 India

Presently India is holding Presidency of the G20 which is an intergovernmental forum comprising 19 countries and the European Union. The 2023 G20 summit New Delhi India is eighteenth meeting of G20 (Group of Twenty) which is being held between 9 - 10 September 2023 in Bharat Mandapam International Exhibition Convention Centre, Pragati Maidan, New Delhi.

" Vasudhaiva Kutumbakam " or "One Earth, One Family, One Future" is the theme of India's G20 Presidency which official journey was started from 1 December 2022 when India assume the G20 Presidency. G20 Summit 2023 is the first G20 summit held in India as well as in South Asia.  Download PDF of this essay:  Click Here .

What is G20?

The Group of Twenty (G20) is premier intergovernmental forum comprising 19 countries and the European Union aiming for international economic cooperation. This premier forum plays an important role in shaping and strengthening global architecture and governance on all major international economic issues. The G20 members represent around 85% of the global GDP, more than 75% of the global trade, and approx two-thirds of the world population. Download PDF of this essay: Click Here

Members of G20

Members of The Group of Twenty (G20) are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom & United States and the European Union. 

Works of G20

G20 focuses to address major issues related to the global economy such as international financial stability, climate change mitigation and sustainable development. The G20 Summit held annually under the leadership of a rotating Presidency which steers the G20 agenda for one year and hosts the Summit.

Brief History of G20

The G20 was founded in the year 1999 with the aim to address several world economic crises. Since 2008, it has convened at least once a year under the leadership of a rotating Presidency involving each member’s head of Government or State, Finance Minister or Foreign Minister or other high ranking official. At its 2009 London Summit, G20 declared itself primary venue for international economic and financial cooperation. Presently India is holding presidency of G20.

Earlier G20 Summit 2022 was the seventeenth meeting of Group of Twenty, which was held in Nusa Dua, Bali, Indonesia on 15–16 November 2022. The next G20 Summit is scheduled to be held in Rio de Janeiro Brazil in 2024 which is the upcoming nineteenth meeting of Group of Twenty (G20).

G20 Summit 2023 India is significant event for the country. India's role as the host would provide an opportunity to showcase its economic and geopolitical importance on the world stage. It offer a platform for India to engage with other major economies to discuss and collaborate on critical global issues. The agenda of the G20 Summit typically covers a broad spectrum of topics, reflecting the interconnected nature of the global economy and the need for coordinated action among nations. These discussions can have far-reaching implications for international policies and cooperation.

Hope you liked this essay on G20 and it helped you in your exam preparation. This essay on g20 is most important for all competitive exams.

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✍️Essay on Globalisation: Samples in 100, 150 and 200 Words

• Updated on  
• Oct 25, 2023

Globalisation means the combination of economies and societies with the help of information, ideas, technology, finance, goods, services, and people. It is a process where multinational companies work on their international standing and conduct operations internationally or overseas. Over the years, Globalisation has had a profound impact on various aspects of society. Today we will be discussing what globalisation is and how it came into existence with the essay on globalisation listed below.

Table of Contents

• 1 How Globalisation Came Into Existence?
• 2 Essay on Globalisation in 100 Words
• 3 Essay on Globalisation in 150 Words
• 4 Essay on Globalisation in 200 Words

How Globalisation Came Into Existence?

For all those unaware, the concepts of globalisation first emerged in the 20th century. Here are some of the key events which led to the development of globalisation in today’s digital world.

• The ancient Silk Route as well as the maritime routes led to the exchange of goods, ideas and culture in several countries. Although these were just trade routes, but later became important centres for cultural exchange.
• Other than this, the European colonial expansion which took place from the 15th to the 20th century led to the setting up of global markets where both knowledge and people were transferred to several developing countries. 
• The evolution and exchange of mass media, cinema and the internet further led to the widespread dissemination of cultures and ideas.

Also Read: Essay on the Importance of the English Language for Students

Essay on Globalisation in 100 Words

Globalization, the interconnectedness of nations through trade, technology, and cultural exchange, has reshaped the world. It has enabled the free flow of goods and information, fostering economic growth and cultural diversity. However, it also raises challenges such as income inequality and cultural homogenization. 

In a globalized world, businesses expand internationally, but local industries can suffer. Moreover, while globalization promotes shared knowledge, it can erode local traditions. Striking a balance between the benefits and drawbacks of globalization is essential to ensure a more equitable and culturally diverse global community, where economies thrive without leaving anyone behind.

Also Read: Essay on Save Environment: Samples in 100, 200, 300 Words

Essay on Globalisation in 150 Words

Globalization is the process of increasing interconnectedness and interdependence among countries, economies, and cultures. It has transformed the world in various ways.

Economically, globalization has facilitated the flow of goods, services, and capital across borders. This has boosted economic growth and reduced poverty in many developing nations. However, it has also led to income inequality and job displacement in some regions.

Culturally, globalization has resulted in the spread of ideas, values, and cultural products worldwide. While this fosters cultural exchange and diversity, it also raises concerns about cultural homogenization.

Technologically, globalization has been driven by advances in communication and transportation. The internet and smartphones have connected people across the globe, allowing for rapid information dissemination and collaboration.

In conclusion, globalization is a complex phenomenon with both benefits and challenges. It has reshaped the world, bringing people closer together, but also highlighting the need for responsible governance and policies to address its downsides.

Also Read: Essay on Unity in Diversity in 100 to 200 Words

Essay on Globalisation in 200 Words

Globalization, a multifaceted phenomenon, has reshaped the world over the past few decades. It involves the interconnectedness of economies, cultures, and societies across the globe. In this essay, we will briefly discuss its key aspects and impacts.

Economically, globalization has led to increased international trade and investment. It has allowed companies to expand operations globally, leading to economic growth in many countries. However, it has also resulted in income inequality and job displacement in some regions.

Culturally, globalization has facilitated the exchange of ideas, values, and traditions. This has led to a more diverse and interconnected world where cultures blend, but it can also challenge local traditions and languages.

Socially, globalization has improved access to information and technology. It has connected people across borders, enabling global activism and awareness of worldwide issues. Nonetheless, it has also created challenges like cybercrime and privacy concerns.

In conclusion, globalization is a double-edged sword. It offers economic opportunities, cultural exchange, and global connectivity, but it also brings about disparities, cultural tensions, and new global challenges. To navigate this complex landscape, the world must strive for responsible globalization that balances the interests of all stakeholders and promotes inclusivity and sustainability.

Related Articles

The movement of goods, technologies, information, and jobs between countries is referred to as globalisation. 

Globalization as a phenomenon began with the earliest human migratory routes, or with Genghis Khan’s invasions, or travel across the Silk Road.

Globalisation allows wealthy nations to access cheaper labour and resources, while also providing opportunity for developing and underdeveloped nations with the jobs and investment capital they require.

For more information on such interesting topics, visit our essay-writing page and follow Leverage Edu ! 

Malvika Chawla

Malvika is a content writer cum news freak who comes with a strong background in Journalism and has worked with renowned news websites such as News 9 and The Financial Express to name a few. When not writing, she can be found bringing life to the canvasses by painting on them.

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Essay on G20 – Full Form, Purpose, Composition & Achievements

Table of Contents

Introduction

The Group of Twenty, commonly known as the G20 , stands as a pivotal international forum for global economic cooperation and policy coordination. Formed in the wake of the 2008 financial crisis, the G20 has evolved into a critical platform for addressing pressing global issues and fostering international collaboration among the world’s major economies. This essay explores the G20’s origins, purpose, composition, headquarters, achievements, and the role it plays on the global stage.

Purpose and Origins

The G20, in its full form “Group of Twenty,” is an international forum comprising 19 individual countries and the European Union, representing a diverse cross-section of both developed and emerging economies. The G20’s primary purpose is to facilitate discussions and cooperation on international financial stability and economic issues. It was established in 1999 in response to the need for a more inclusive forum for economic dialogue, recognizing that traditional institutions like the International Monetary Fund (IMF) and the World Bank were not adequately representative.

Composition and Member Countries

The G20 includes the following member countries and organizations:

• Saudi Arabia
• South Africa
• South Korea
• United Kingdom
• United States
• European Union

Each member represents a significant share of the world’s economy, and their collective participation ensures a broad and inclusive approach to addressing global economic challenges.

Headquarters and Meetings

The G20 operates without a permanent secretariat or headquarters. Instead, it convenes annual summits hosted by rotating member countries. The inaugural G20 summit was held in Berlin in 1999, and since then, these meetings have become the primary platform for leaders to engage in high-level discussions and make decisions. The host nation holds the G20 presidency for that year and plays a crucial role in shaping the agenda and setting priorities.

Achievements and Impact

Over the years, the G20 has achieved several significant milestones:

• Global Financial Stability:  The G20 played a pivotal role in stabilizing the global economy in the aftermath of the 2008 financial crisis. Member countries coordinated efforts to prevent a worldwide economic collapse and implemented reforms to strengthen financial regulations.
• Economic Growth and Job Creation:  G20 nations have consistently worked on strategies to promote sustainable economic growth and job creation, with a focus on reducing inequality and poverty.
• Climate Change:  While primarily an economic forum, the G20 has increasingly addressed environmental concerns, including climate change. The Paris Agreement on climate change, adopted in 2015, was a major achievement of G20 collaboration.
• Global Health:  The G20 played a crucial role in coordinating international responses to health crises, such as the COVID-19 pandemic, by ensuring the equitable distribution of vaccines and supporting the global recovery.
• Trade and Investment:  The G20 has advocated for open and fair trade practices, supporting a rules-based international trading system through its discussions and commitments.

In conclusion, the G20, or the Group of Twenty, is a vital forum for global economic cooperation and policy coordination. Comprising 19 individual countries and the European Union, the G20’s purpose is to address global economic challenges, promote sustainable growth, and foster collaboration among major economies. While it lacks a permanent headquarters, its annual summits serve as crucial platforms for leaders to engage in high-level discussions and make decisions that impact the world economy. Through its achievements and collective actions, the G20 continues to play a significant role in shaping the future of the global economy and addressing pressing global issues.

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G20 Summit 2023

Last updated on July 11, 2024 by ClearIAS Team

The G20 Summit 2023 just concluded in New Delhi under the Indian Presidency. The PM of India passed the gavel to Brazil, the next G20 President. The 18 th meeting of the Group of Twenty was the first G20 summit to be held in India. Read here to learn about the outcomes of the summit.

The G20 (Group of 20) is an international forum that includes 19 of the world’s largest economies and the European Union.

G20 is a forum for economic, financial, and political cooperation. It addresses the major global challenges and seeks to generate public policies that resolve them.

The Leaders’ Summit is the climax of the G20 process and the work carried out over the year through Ministerial Meetings, Working Groups, and Engagement Groups.

Table of Contents

G20 India Presidency

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The G20 is made up of 19 countries and the EU.

• The 19 countries are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, the Russian Federation, Saudi Arabia, South Africa, Turkey, the UK, and the US.

India holds the Presidency of the G20 from 1 December 2022 to 30 November 2023.

Indonesia held the presidency in 2022, which concluded in the Bali declaration .

Under the Indian Presidency, the G20 in 2023 focussed on the theme, ‘One Earth, One Family, One Future’.

• The theme affirms the value of human, animal, plant, and microorganisms and their interconnectedness on planet Earth and in the wider universe.
• The Indian Presidency will also spotlight Lifestyle for Environment (LiFE), with an emphasis on environmentally sustainable and responsible choices at both the individual lifestyle and the national development level, to achieve a cleaner, greener, and bluer future.

The summit had India showcase its cultural richness through diverse elements like:

• Bharat Mandapam, inspired by Lord Basavaeshwara’s concept of Anubhav mandapam. The “culture corridor,” features a display of diverse traditions from 29 countries, including India and the special invitees to the G20.
• The Chola-style bronze statue of Lord Nataraja.
• Konark Chakra of Odisha’s sun temple and the image of Nalanda University were used as backdrops.
• Showcase of Thanjavur Paintings and Dhokra art
• A brass statue of Lord Buddha under the Bodhi tree.
• Hindustani, Folk, and Carnatic musical heritage of India

Indian Prime Minister formally handed over the G20 presidency to the President of Brazil. India will continue to hold the position until 30 November 2023.

The invited countries for the year were:

• Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain and UAE.

Six agendas were put forth for the G20 Dialogue 2023:

• Green Development, Climate Finance & LiFE
• Accelerated, Inclusive & Resilient Growth
• Accelerating progress on SDGs
• Technological Transformation & Digital Public Infrastructure
• Multilateral Institutions for the 21st Century
• Women-led development

The working groups focused on areas like:

• agriculture, anti-corruption, culture, digital economy, disaster risk reduction, development, education, employment, environment and climate sustainability, energy transitions, health, trade and investment, and tourism.

Major outcomes of the G20 summit 2023

• The African Union joined the G20 as a permanent member.
• A new organization called the Global Biofuel Alliance (GBA) was launched, to promote the development and adoption of sustainable biofuels, and set relevant standards and certification.
• The New Delhi Leaders Declaration was adopted with consensus.
• A group of countries made a joint agreement to build a rail and shipping corridor linking India with the Middle East and Europe called the India-Middle East-Europe Economic Corridor . The group comprises India, Saudi Arabia, the United Arab Emirates, Jordan, Israel and the European Union.

New Delhi declaration

The G20 2023 joint consensus declaration called the New Delhi Leaders Declaration is an official non-binding declaration that seeks to place emphasis on strong, sustainable, balanced, and inclusive growth.

Global Economic Situation

• To protect the vulnerable, through promoting equitable growth and enhancing macroeconomic and financial stability. Such an approach will help resolve the cost-of-living crisis and unlock strong, sustainable, balanced, and inclusive growth.
• To support the progress towards the 2030 Agenda for Sustainable Development to achieve strong, sustainable, balanced, and inclusive growth (SSBIG).
• To create inclusive, sustainable, and resilient global value chains, and support developing countries to move up the value chain.

Unlocking Trade for Growth

• To ensure a rules-based, non-discriminatory, fair, open, inclusive, equitable, sustainable, and transparent multilateral trading system, with WTO at its core.
• Recognize challenges MSMEs, particularly in developing countries, face concerning access to information and thus, welcome Jaipur Call for Action for enhancing MSMEs’ access to information to promote the integration of MSMEs into international trade.

Also read: G20 Generic Framework for Mapping Global Value Chains (GVC)

Fighting Corruption

• Strengthening Law Enforcement International Cooperation and Information Sharing for Combating Corruption, Strengthening Asset Recovery Mechanisms for Combating Corruption.
• To enhance global efforts to seize, confiscate, and return criminal proceeds to victims and states, in line with international obligations and domestic legal frameworks, including through support to the Financial Action Task Force (FATF) and operationalization of the GlobE Network.

Recommitting to Achieving SDGs

• To accelerate progress on SDGs, we commit to taking collective action for effective and timely implementation of the G20 2023 Action Plan to Accelerate Progress on the SDGs.

Strengthening Global Health and Implementing One Health Approach

• To strengthen the global health architecture, with the World Health Organization (WHO) at its core, and build more resilient, equitable, sustainable, and inclusive health systems to achieve Universal Health Coverage, implement the One Health approach, enhance pandemic preparedness, and strengthen existing infectious diseases surveillance systems.

Designing a Circular Economy World

• Resource Efficiency and Circular Economy Industry Coalition (RECEIC) to enhance environmentally sound waste management, substantially reduce waste generation by 2030, and highlight the importance of zero waste initiatives.

Other major outcomes:

• Overcoming major differences in the Russia-Ukraine war
• Call for full implementation of the Black Sea Grain Initiative
• Action Plan against Fugitive Economic Offenders
• Countering terrorism and money laundering
• Globally fair, sustainable, and modern international tax system
• Digital Public Infrastructure (crypto, Al, etc.)
• Gender equality and women empowerment
• G20 Deccan High-Level Principles on Food Security and Nutrition 2023

G20 Summit 2023 reiterates that cooperation is essential in determining the course the world takes. Headwinds to global economic growth and stability persist.

Years of cascading challenges and crises have reversed gains in the 2030 Agenda and its Sustainable Development Goals (SDGs) . Global greenhouse gas (GHG) emissions continue to increase, with climate change, biodiversity loss, pollution, drought, land degradation, and desertification threatening lives and livelihoods.

Rising commodity prices, including food and energy prices, are contributing to cost of living pressures. Global challenges like poverty and inequality, climate change, pandemics, and conflicts disproportionately affect women and children, and the most vulnerable.

The G20 Summit 2023 commit to:

• Accelerate strong, sustainable, balanced, and inclusive growth.
• Accelerate the full and effective implementation of the 2030 Agenda for Sustainable Development.
• Pursue low-GHG/low-carbon emissions, climate-resilient, and environmentally sustainable development pathways by championing an integrated and inclusive approach.
• Improve access to medical countermeasures and facilitate more supplies and production capacities in developing countries to prepare better for future health emergencies.
• Promote resilient growth by urgently and effectively addressing debt vulnerabilities in developing countries.
• Scale up financing from all sources for accelerating progress on SDGs

-Article by Swathi Satish

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पृथ्वी विज्ञान मंत्रालय Ministry of Earth Sciences

• Mission and Vision

Overview of G20

“India's G20 Presidency will work to promote this universal sense of one-ness. Hence our theme - 'One Earth, One Family, One Future'” – Prime Minister, , Narendra Modi

December 1 st , 2022 is a momentous day as India assumed the presidency of the G20 forum, taking over from Indonesia. As the largest democracy in the world, and the fastest growing economy, India’s G20 presidency will play a crucial role in building upon the significant achievements of the previous 17 presidencies.

As it takes the G20 Presidency, India is on a mission to bring about a shared global future for all through the Amrit Kaal initiative with a focus on the LiFE movement which aims to promote environmentally-conscious practices and a sustainable way of living. With a clear plan and a development-oriented approach, India aims to promote a rules-based order, peace and just growth for all. The 200+ events planned in the run up to the 2023 Summit will strengthen India’s agenda and the six thematic priorities of India’s G20 presidency.

The G20 group of 19 countries and the EU was established in 1999 as a platform for Finance Ministers and Central Bank Governors to discuss international economic and financial issues. Together, the G20 countries account for almost two-thirds of the global population, 75% of global trade, and 85% of the world's GDP. In the wake of the global financial and economic crisis of 2007, the G20 was elevated to the level of Heads of State/Government and was named the "premier forum for international economic cooperation."

The G20 has two main tracks of engagement: the Finance Track for finance ministers and central bank governors and the Sherpa Track. The G20's proceedings are led by the Sherpas, who are appointed as personal envoys of the leaders of member nations.These Sherpas are responsible for overseeing the negotiations that occur throughout the year, deliberating on the agenda for the summit and coordinating the substantive work of the G20.  Both tracks have working groups to address specific themes with representatives from relevant parties.

Working groups this year will focus on global priority areas such as green development, climate finance, inclusive growth, digital economy, public infrastructure, technology transformation, and reforms for women empowerment for socio-economic progress. All these steps are taken to accelerate progress towards the Sustainable Development Goals and secure a better future for the generations to come.

India’s G20 Presidency:

India will convene the G20 Leaders' Summit for the first time in 2023, as 43 Heads of Delegations- the largest ever in the G20–will participate in the final New Delhi Summit in September later this year. As a nation committed to democracy and multilateralism, India's presidency will be a significant milestone as it seeks to find practical global solutions for the benefit of all and embody the idea of "Vasudhaiva Kutumbakam," or "the world is one family."

The G20 Summit is held annually with a rotating presidency, and in 2023, India will hold the presidency. The group does not have a permanent secretariat and is supported by the previous, current, and future holders of the presidency, known as the troika. In 2023, the troika consists of Indonesia, Brazil, and India.

This summit will conclude a series of meetings throughout the year, with potential host cities for meetings from December 2022 to February 2023 including Bengaluru, Chandigarh, Chennai, Guwahati, Indore, Jodhpur, Khajuraho, Kolkata, Lucknow, Mumbai, Pune, Rann of Kutch, Surat, Thiruvananthapuram, and Udaipur.

Vasudhaiva Kutumbakam, which translates to "One Earth, One Family, One Future," is the theme of India's G20 presidency. It is inspired from the Maha Upanishad, an old Sanskrit scripture. The theme fundamentally highlights the importance of all life—human, animal, plant, and microorganism—as well as their interdependence on Earth and across the universe. The theme also exemplifies LiFE (Lifestyle for Environment), which highlights the importance of environmentally sustainable and responsible lifestyle choices, both at the individual and national level, in creating a cleaner, greener, and bluer future.

The G20 Presidency also heralds for India the start of "Amritkaal," a 25-year period commencing from the 75th anniversary of its independence on August 15, 2022, leading up to the centenary of its independence

India's G20 Priorities:

1.   Green Development, Climate Finance & LiFE

• India's focus on climate change, with a particular emphasis on climate finance and technology, as well as ensuring just energy transitions for developing countries.
• Introduction of the LiFE movement, which promotes environmentally-conscious practices and is based on India's sustainable traditions.

2.   Accelerated, Inclusive & Resilient Growth

• Focus on areas that have the potential to bring structural transformation, including supporting small and medium-sized enterprises in global trade, promoting labour rights and welfare, addressing the global skills gap, and building inclusive agricultural value chains and food systems.

  3.    Accelerating Progress on SDGs

• Recommitment to achieving the targets set out in the 2030 Agenda for Sustainable Development, with a particular focus on addressing the impact of the COVID-19 pandemic.

4.   Technological Transformation & Digital Public Infrastructure

• Promotion of a human-centric approach to technology and increased knowledge-sharing in areas such as digital public infrastructure, financial inclusion, and tech-enabled development in sectors such as agriculture and education.

  5.    Multilateral Institutions for the 21st century

• Efforts to reform multilateralism and create a more accountable, inclusive, and representative international system that is fit for addressing 21st century challenges.

6.   Women-led Development

• Emphasis on inclusive growth and development, with a focus on women empowerment and representation in order to boost socio-economic development and the achievement of SDGs.

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G20 Essay Competition

Selection criteria, points to remember, gratification, terms & conditions.

• To invite students to share their ideas and visions for India’s G20 Presidency
• To create awareness and enhance knowledge about India’s G20 Presidency
• To increase understanding about India’s G20 Presidency
• To encourage young Indians to relate to different parameters of G20.
• Originality of thought and depth of knowledge
• Quality of Content, Relevance to the topic.
• Structure, articulation and writing style
• The competition is open to only Indian Citizens.
• The Essay can be submitted in either Hindi or English languages in the following categories/ age groups:

• The length of the Essay must not exceed 1500 words.
• The Essay must be typed in an A-4 size MS word document using Arial font for English and Mangal font for Hindi, having size 12 with 1.5” spacing and should be submitted in the form of PDF.
• The participants must be the same person who has written the essay. The Essay should reflect original thinking and presentation.

• The Competition is open to only Indian Citizens.
• Category: 12 - 14 years of age
• Category: 14 -16 years of age
• All entries must be submitted through the MyGov.in portal only. Entries submitted through any other medium/mode will not be considered for evaluation.
• A participant can submit only once. In case it is found that any participant has submitted more than one entry, all his/her entries will be considered as invalid.
• The entry should be original. Copied entries or plagiarized entries will not be considered under the contest. Winning entries will also be suitably publicized by the G20 Secretariat/ Ministry of External Affairs.
• There are no charges/registration fee for participation in the competition.
• The Essay must be typed in an A-4 size MS word document using Arial font for English and Mangal font for Hindi, having size 12 with 1.5” spacing. The essay must be uploaded in the PDF format.
•  Please note that the Essay must be original and should not violate any provision of the Indian Copyright Act 1957. Anyone found infringing on others’ copyright would be disqualified from the competition. G20 Secretariat/Ministry of External Affairs does not bear any responsibility for copyright violations or infringements of intellectual property carried out by the participants.
•  Mention of the Author’s name /email etc., anywhere in the body of the essay will lead to disqualification.
•  G20 Secretariat/Ministry of External Affairs reserves the right to verify original documents such as proof of age etc., before awarding the prizes.
•  Participant is to make sure that their MyGov profile is accurate and updated since G20 Secretariat/Ministry of External Affairs would be using this for further communication. This includes details such as name, photo, complete postal address, email ID and phone number. Entries with incomplete profiles would not be considered.
•  The G20 Secretariat/Ministry of External Affairs reserve all the rights and any dispute, amendments or any issue related to this competition / guidelines / evaluation criteria etc., shall be decided by the G20 Secretariat/ Ministry of External Affairs which will be final and binding.
•  G20 Secretariat/Ministry of External Affairs reserves the right to cancel or amend all or any part of the competition/guidelines/evaluation criteria etc., at any time. 
•  Any changes to the Terms and Conditions/ Technical Parameters/ Evaluation Criteria, or cancellation of the Contest, will be updated / posted on the MyGov platform. It would be the responsibility of the participants to keep themselves informed of any changes in the Term & Conditions/ Technical Parameters/ Evaluation Criteria stated for this Contest.
•  If any entry is found to violate the guidelines, it will be removed from the evaluation process without giving any intimation or explanation to the participant.
•  For Verification purposes original documents may be asked by G20 Secretariat/ MEA at any given point of time during the Competition process.
•  G20 Secretariat/Ministry of External Affairs shall have an exclusive, royalty-free, perpetual and irrevocable license to copy, store, edit, distribute, transmit and publish competition entries.
•  Decision of the Evaluation Committee will be final and binding on all participants.
•  Non- conformity to guidelines will lead to disqualification of the participants.

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जी20 शिखर सम्मेलन पर निबंध (Essay on G20 Summit) - 100, 200, 500 शब्द

जी20 शिखर सम्मेलन पर निबंध (Essay on G20 Summit in Hindi)- जी20 शिखर सम्मेलन का आयोजन प्रतिवर्ष किया जाता है। शुरुआती दौर में बड़े पैमाने पर जी20 का ध्यान व्यापक आर्थिक मुद्दों पर केंद्रित रहा, लेकिन बाद में इसके एजेंडे का विस्तार किया गया। अब व्यापार, जलवायु परिवर्तन, सतत विकास, स्वास्थ्य, कृषि, ऊर्जा, पर्यावरण तथा भ्रष्टाचार जैसी वैश्विक समस्याओं के महत्व को देखते हुए जी20 शिखर सम्मेलनों में इन विषयों को भी शामिल कर लिया गया है। जी20 शिखर सम्मेलन के दायरे तथा महत्व को देखते हुए, इसके प्रति जागरूक बनने की जरूरत अब पहले से कहीं अधिक बढ़ गई है।

परीक्षाओं में भी जी20 शिखर सम्मेलन पर निबंध के प्रश्न भी पूछे जाते हैं। प्रशासनिक सेवाओं में भी टिप्पणी या जी20 शिखर सम्मेलन पर निबंध (Essay on G20 Summit in hindi) संबंधी प्रश्न कई बार पूछ लिए जाते हैं। ऐसे में इस G20 समिट निबंध (G20 Summit nibandh) से उपयोगी जानकारी मिलेगी जिससे न केवल ज्ञान का दायरा बढ़ेगा, बल्कि बेहतर अंक पाने में भी मदद मिलेगी। नई दिल्ली जी20 शिखर सम्मेलन 2023 घोषणा पत्र देखें

अन्य लेख पढ़ें-

• दशहरा पर निबंध
• महात्मा गांधी पर निबंध
• दीपावली पर निबंध
• स्वच्छ भारत अभियान पर निबंध
• प्रदूषण पर निबंध

जी20 नेताओं का शिखर सम्मेलन 18 और 19 सितंबर को ब्राजील के रियो डि जेनेरियो के म्यूजियम ऑफ मॉर्डन आर्ट में होगा, जिसमें जिसमें 19 सदस्य देशों के नेताओं के अलावा अफ्रीकी संघ और यूरोपीय संघ के नेता भी उपस्थित रहेंगे।

जी20 ब्राजील ने 2024 में जी20 संवाद के लिए तीन मुख्य एजेंडा प्राथमिकताएं रखी हैं:

• सामाजिक समावेशन और भूख के खिलाफ लड़ाई
• ऊर्जा संक्रमण और इसके सामाजिक, आर्थिक और पर्यावरणीय पहलुओं में सतत विकास
• वैश्विक शासन संस्थानों में सुधार

ब्राजील सरकार ने 15 शहरों में जी20 कार्यक्रमों के लिए 300 मिलियन रैंड (60 मिलियन अमरीकी डॉलर) का बजट रखा है। 21-22 फरवरी को विदेश मंत्रियों के कार्यक्रम की सुरक्षा के लिए सरकार ने सशस्त्र बलों और संघीय पुलिस के 1,200 सुरक्षा कर्मियों को तैनात किया। रियो के आधुनिक कला संग्रहालय में जी20 की बैठक होगी। इस संग्रहालय में सोलह हज़ार कलाकृतियां हैं। शिखर सम्मेलन के लिए मुख्य स्थल का व्यापक नवीनीकरण और जीर्णोद्धार किया गया है जिसका बजट 40 मिलियन रैंड (7.6 मिलियन अमरीकी डॉलर) है।

इससे पहले भारत की अध्यक्षता में नई दिल्ली में आयोजित 9-10 सितंबर, 2023 तक आयोजित G20 Summit 2023 के घोषणा पत्र की प्रस्तावना - हम एक पृथ्वी, एक परिवार हैं और हमारा साझा भविष्य है (We are One Earth, One Family, and we share One Future) वसुधैव कुटुबंकम् की भारतीय विचारधारा को दर्शाती है। जी20 शिखरवार्ता बेहद सफल मानी गई, शिखर सम्मेलन के घोषणा पत्र पर आयोजन के पहले ही दिन बनी आम सहमति से पता चलती है। ध्येयवाक्य वाला बेहद सफल रहा। हालांकि रूस-यूक्रेन युद्ध पर सदस्य देशों के उलट राय के चलते इसकी सफलता पर संशय के बादल मंडरा रहे थे लेकिन अंततः सभी पक्षों को एक मंच और साझा उद्देश्यों के तहत काम करने पर सहमति बन गई। जी20 सम्मेलन का पूरा घोषणा पत्र लेख में दिए लिंक पर देखा जा सकता है।

1 दिसंबर, 2023 से जी20 की अध्यक्षता औपचारिक तौर पर ब्राजील को मिल गई। अमेरिकी राष्ट्रपति जो बाइडेन ने ट्वीट कर जो कुछ लिखा उससे जी20 सम्मेलन की सफलता प्रदर्शित होती है -

"ऐसे समय में जब वैश्विक अर्थव्यवस्था जलवायु संकट, कमजोरी और संघर्षों के थपेड़े झेल रही है, इस साल के शिखर सम्मेलन ने साबित कर दिया कि जी20 अब भी हमारी सबसे गंभीर समस्याओं का हल निकाल सकता है।"

जी20 शिखर सम्मेलन का आयोजन प्रतिवर्ष अलग-अलग सदस्य देशों में किया जाता है। हमारे देश भारत के पास 1 दिसंबर 2022 से 30 नवंबर 2023 तक G20 की अध्यक्षता रही और जी20 2023 का आयोजन वर्ष 2023 में भारत में किया गया। जी20 शिखर सम्मेलन 2023 की शुरुआत 4-7 दिसंबर, 2022 तक उदयपुर में आयोजित पहली शेरपा मीटिंग के साथ हुई। जी20 समिट 2023 का आयोजन नई दिल्ली में 9-10 सितंबर, 2023 को किया गया जिसमें शासनाध्यक्षों और राष्ट्रयाध्यक्षों की बैठक हुई। इसके साथ ही जी20 समिट 2023 का समापन हुआ। पूरे वर्ष मंत्रियों, वरिष्ठ अधिकारियों और समितियों के बीच आयोजित सभी G20 प्रक्रियाओं और बैठकों का उपसंहार 9-10 सितंबर 2023 तक दिल्ली में आयोजित जी20 शिखर सम्मेलन के साथ हुआ। G20 नई दिल्ली शिखर सम्मेलन के समापन पर जी20 नेताओं की घोषणा को अपनाया गया, जिसमें संबंधित मंत्रिस्तरीय और कार्य समूह की बैठकों के दौरान प्राथमिकताओं पर की गई चर्चा के दौरान विभिन्न विषयों पर नेताओं के बीच बनी सहमति और प्रतिबद्धताओं की घोषणा की गई।

• हिंदी दिवस पर कविता
• बाल दिवस पर हिंदी में भाषण
• गणतंत्र दिवस (26 जनवरी) पर भाषण

जी20 शिखर सम्मेलन पर 100 शब्दों का निबंध (100 Words Essay On G20 Summit in Hindi)

G20 शिखर सम्मेलन 20 प्रमुख अर्थव्यवस्थाओं की सरकारों और केंद्रीय बैंक के गवर्नरों के लिए एक अंतरराष्ट्रीय मंच है। जी20 की स्थापना वर्ष 1999 में अंतरराष्ट्रीय आर्थिक सहयोग और विकास से संबंधित नीतिगत मुद्दों पर चर्चा और उनका समाधान करने के लिए की गई थी। जी20 में प्रतिनिधित्व करने वाले 20 देशों का विश्व के सकल घरेलू उत्पाद का लगभग 85% और इसकी जनसंख्या का दो-तिहाई हिस्सा है। जी20 के सदस्य देश हैं - अर्जेंटीना, ऑस्ट्रेलिया, ब्राजील, कनाडा, चीन, यूरोपीय संघ, फ्रांस, जर्मनी, भारत, इंडोनेशिया, इटली, जापान, रूस, मैक्सिको, सऊदी अरब, दक्षिण अफ्रीका, तुर्की, यूके तथा यूएसए। जी20 भारत के लिए महत्वपूर्ण है क्योंकि यह देश को दुनिया की सबसे बड़ी अर्थव्यवस्थाओं के साथ जुड़ने, अपने आर्थिक हितों को बढ़ावा देने तथा महत्वपूर्ण वैश्विक मुद्दों को संबोधित करने के लिए एक मंच प्रदान करता है।

• हिंदी में निबंध- भाषा कौशल, लिखने का तरीका
• हिंदी दिवस पर भाषण
• स्वामी विवेकानंद पर निबंध

जी20 शिखर सम्मेलन पर 200 शब्दों का निबंध (200 Words Essay On G20 Summit in Hindi)

भारत के लिए G20 का महत्व (Importance Of G20 For India)

जी20 भारत के लिए कई कारणों से महत्वपूर्ण है:

प्रतिनिधित्व: भारत G20 में शामिल 20 देशों में से एक है, जो इसे वैश्विक अर्थव्यवस्था से संबंधित नीतिगत मुद्दों पर चर्चा के लिए अंतर्राष्ट्रीय मंच में अपना पक्ष रखने का मौका देता है। जी20 सम्मेलन भारत को प्रमुख आर्थिक मुद्दों पर अपने दृष्टिकोण और राय साझा करने के साथ ही वैश्विक आर्थिक नीतियों की दिशा तय करने वाले मुद्दों पर राय देने का अवसर प्रदान करता है।

आर्थिक विकास: G20 भारत को दुनिया की सबसे बड़ी अर्थव्यवस्थाओं के साथ जुड़ने और अपने आर्थिक हितों को बढ़ावा देने के लिए एक मंच प्रदान करता है। भारत निवेश और व्यापार को आकर्षित करने के लिए जी20 मंच का भरपूर लाभ उठा सकता है, जो इसके आर्थिक विकास और विकास को गति दे सकता है।

वैश्विक मुद्दे: भारत के लिए G20 जलवायु परिवर्तन, गरीबी और असमानता जैसे वैश्विक मुद्दों को संबोधित करने का एक महत्वपूर्ण मंच है। भारत इन मुद्दों का समाधान खोजने और सतत व समावेशी आर्थिक विकास को बढ़ावा देने के लिए अन्य जी20 देशों के साथ सहयोग कर सकता है।

वित्तीय स्थिरता: G20 समूह भारत के लिए भी प्रासंगिक है क्योंकि यह अंतर्राष्ट्रीय वित्तीय स्थिरता को बढ़ाने में अहम भूमिका निभाता है। भारत वित्तीय विनियमन और स्थिरता से जुड़े विषयों पर चर्चा में भाग ले सकता है, जो यह सुनिश्चित करने में मदद कर सकता है कि वैश्विक वित्तीय प्रणाली स्थिर और लचीली बनी रहे और इसके हितों की अनदेखी न होने पाए।

अन्य महत्वपूर्ण लेख:

• वायु प्रदूषण पर हिंदी में निबंध
• हिंदी निबंध लेखन का तरीका

जी20 शिखर सम्मेलन पर 500 शब्दों का निबंध (500 Words Essay On G20 Summit in Hindi)

जी20 ने भारत को अंतरराष्ट्रीय आर्थिक नीतियों को आकार देने और अपनी वित्तीय स्थिरता को बढ़ाने में भाग लेने का अवसर भी प्रदान किया है। 2023 G20 शिखर सम्मेलन में कई प्रमुख मुद्दों पर ध्यान केंद्रित किए गए, जिसमें COVID-19 की वैश्विक महामारी के बाद बनी वैश्विक आर्थिक संकट वाली स्थित से बाहर आने, स्थाई और समावेशी आर्थिक विकास को बढ़ावा देने तथा असमानता और गरीबी को दूर करने जैसे मुद्दे शामिल थे। नेताओं के बीच जलवायु संकट से निपटने, अंतरराष्ट्रीय व्यापार प्रणाली को मजबूत करने और अंतरराष्ट्रीय वित्तीय स्थिरता को बढ़ाने के तरीकों पर भी चर्चा की गई।

2023 G20 शिखर सम्मेलन में चर्चा के प्रमुख विषयों में से एक कोविड 19 टीकों का रोलआउट और महामारी से निपटने के लिए चल रहे प्रयास होने की उम्मीद है। नेता महामारी को दूर करने की दिशा में किए गए प्रयासों और मध्यम आय वाले देशों के लिए टीके की खुराक के प्रावधान सहित कई बिंदुओं पर विचारों का आदान-प्रदान करेंगे।

चर्चा का एक अन्य महत्वपूर्ण मुद्दा वैश्विक अर्थव्यवस्था को महामारी से उबारने और विकास को बहाल करने और रोजगार सृजित करने के लिए आवश्यक प्रयास होंगे। उन नीतियों को लागू करने पर ध्यान केंद्रित करेंगे जो निवेश और व्यापार का समर्थन करती हों, डिजिटल परिवर्तन को बढ़ावा देती हों और छोटे और मध्यम आकार के उद्यमों के सामने आने वाली चुनौतियों का हल करती हों।

2023 जी20 शिखर सम्मेलन नेताओं को जलवायु संकट को संबोधित करने और अधिक टिकाऊ और समावेशी भविष्य की दिशा में काम करने का अवसर भी प्रदान करेगा। शिखर सम्मेलन में आर्थिक विकास और रोजगार सृजन को बढ़ावा देते हुए हरित अर्थव्यवस्था की ओर बढ़ने और ग्रीनहाउस गैस उत्सर्जन को कम करने के संभावित तरीकों पर चर्चा किए जाने की उम्मीद है।

• जलवायु परिवर्तन पर हिंदी में निबंध
• पर्यावरण दिवस पर निबंध
• विज्ञान के चमत्कार पर निबंध

G20 शिखर सम्मेलन की प्रासंगिकता (Relevance Of G20 Summit)

जी20 शिखर सम्मेलन (G20 Summit in Hindi) प्रासंगिक है, क्योंकि यह विश्व की सबसे बड़ी अर्थव्यवस्थाओं के नेताओं को एक साथ आने और महत्वपूर्ण वैश्विक मुद्दों को संबोधित करने के लिए एक मंच प्रदान करता है।

G20 देश दुनिया के सकल घरेलू उत्पाद का 85% और इसकी दो-तिहाई आबादी का प्रतिनिधित्व करते हैं, जो इसे अंतरराष्ट्रीय आर्थिक सहयोग और इससे जुड़े निर्णय लिए जाने का एक महत्वपूर्ण मंच बनाता है।

G20 शिखर सम्मेलन नेताओं को विचारों का आदान-प्रदान करने, नीतिगत समाधानों पर चर्चा करने और वैश्विक समुदाय की प्रमुख चुनौतियों के समाधान के प्रयासों का समन्वय करने की अवसर देता है। ये चुनौतियाँ आर्थिक मुद्दों जैसे मंदी, व्यापार और निवेश से लेकर गरीबी, असमानता और जलवायु परिवर्तन जैसे सामाजिक मुद्दों हो सकती हैं।

जी20 शिखर वार्ता (G20 Summit in Hindi) इसलिए भी प्रासंगिक है क्योंकि यह सामूहिक प्रयासों को मंच प्रदान करता है। प्रतिनिधि उन नीतियों और पहलों को लागू करने के लिए मिलकर काम कर सकते हैं जिनका वैश्विक अर्थव्यवस्था और समाज पर महत्वपूर्ण प्रभाव पड़ेगा। उदाहरण के लिए, G20 ने 2008 के वैश्विक वित्तीय संकट का जवाब देने और COVID-19 महामारी की वैश्विक प्रतिक्रिया के समन्वय में महत्वपूर्ण भूमिका निभाई है।

अंत में, जी20 शिखर सम्मेलन (G20 Summit in Hindi) बेहद प्रासंगिक है क्योंकि यह दुनिया की सबसे बड़ी अर्थव्यवस्थाओं के नेताओं को महत्वपूर्ण वैश्विक मुद्दों को संबोधित करने और उनका समाधान खोजने की दिशा में काम करने के लिए उन्हें एक साथ एक मंच पर लेकर आता है। इसका महत्व अंतरराष्ट्रीय सहयोग और निर्णय लेने की सुविधा और सामूहिक कार्रवाई को चलाने और सभी के लिए बेहतर भविष्य बनाने की क्षमता में निहित है।

उम्मीद है कि जी20 समिट (G20 Summit in Hindi) के बारे में इस निबंध से आपको उपयोगी जानकारी प्राप्त हो गई होगी और अब इस लेख के माध्यम से आपको जी20 समिट (G20 Summit in Hindi) के ऊपर निबंध लिखने में किसी भी प्रकार की समस्या का सामना नहीं करना पड़ेगा। धन्यवाद।

महत्वपूर्ण लेख :

• 10वीं के बाद लोकप्रिय कोर्स
• 12वीं के बाद लोकप्रिय कोर्स
• क्या एनसीईआरटी पुस्तकें जेईई मेन की तैयारी के लिए काफी हैं?
• कक्षा 9वीं से नीट की तैयारी कैसे करें

Frequently Asked Question (FAQs)

जी20 (G20 in Hindi) की स्थापना 1999 में अंतर्राष्ट्रीय आर्थिक सहयोग और विकास से संबंधित नीतिगत मुद्दों पर चर्चा और उनका समाधान करने के लिए की गई थी। बाद में जी20 के एजेंडे का विस्तार किया गया और अब व्यापार, जलवायु परिवर्तन, सतत विकास, स्वास्थ्य, कृषि, ऊर्जा, पर्यावरण और भ्रष्टाचार की समस्याओं को भी इसमें जगह मिल चुकी है।

जी20 2023 शिखर वार्ता का आयोजन भारत में किया गया। जी20 शिखर सम्मेलन 2023 की शुरुआत 4-7 दिसंबर, 2022 तक उदयपुर में आयोजित पहली शेरपा मीटिंग के साथ हुई। वर्ष भर इसकी विभिन्न समितियों की बैठकों का आयोजन किया जाता है। जी20 शिखर सम्मेलन 2023 का समापन नई दिल्ली में 9-10 सितंबर, 2023 को आयोजित शासनाध्यक्षों और राष्ट्रयाध्यक्षों की शिखर बैठक के साथ हुई जिसमें बनी सहमतियों की घोषणा की गई।

जी20 के सदस्य अर्जेंटीना, ऑस्ट्रेलिया, ब्राजील, कनाडा, चीन, यूरोपीय संघ, फ्रांस, जर्मनी, भारत, इंडोनेशिया, इटली, जापान, रूस, मैक्सिको, सऊदी अरब, दक्षिण अफ्रीका, तुर्की, यूके और यूएसए हैं।

जी20 शिखर सम्मेलन पर निबंध (Essay on G20 Summit in Hindi) लिखने के लिए सबसे पहले उस पर जानकारी जुटानी होगी। इसके बाद जी20 शिखर सम्मेलन पर निबंध (Essay on G20 Summit in Hindi) को असरदार बनाने के लिए सूचना को सुव्यवस्थित रूप देना होगा ताकि निबंध प्रभावी बने और बेहतर अंक मिल सकें। जी20 शिखर सम्मेलन पर निबंध (Essay on G20 Summit in Hindi) तैयार करने में यह लेख बेहद मददगार साबित होगा।

जी20 शिखर सम्मेलन 2023 की शुरुआत 4-7 दिसंबर, 2022 तक उदयपुर में आयोजित पहली शेरपा मीटिंग के साथ हुई। जी20 शिखर सम्मेलन 2023 का समापन नई दिल्ली में 9-10 सितंबर, 2023 को आयोजित शासनाध्यक्षों और राष्ट्रयाध्यक्षों की शिखर बैठक के साथ हुआ जिसमें बनी सहमतियों की घोषणा की गई।

जी20 शिखर सम्मेलन की अध्यक्षता किसी एक राष्ट्र के पास हमेशा नहीं रहती है। भारत ने इंडोनेशिया से 1 दिसंबर, 2022 को अध्यक्षता हासिल की, 30 नवंंबर, 2023 भारत के बाद जी20 2024 की अध्यक्षता ब्राजील के पास है, जबकि 2025 जी20 की अध्यक्षता दक्षिण अफ्रीका करेगा।

जी20 की स्थापना 1999 में वैश्विक महत्व के नीतिगत मुद्दों पर चर्चाकर और उनका समाधान करने के लिए की गई।

नई दिल्ली में 9-10 सितंबर, 2023 को आयोजित g20 summit 2023 in Hindi के दौरान अफ्रीकन यूनियन को भी जी20 समूह में शामिल कर लिया गया है। इस तरह अफ्रीकी संघ जी20 समूह का नया सदस्य बन गया है।  

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Essay on Dussehra in 150 Words for Students in English

Dussehra, also known as Vijayadashami, is a festival that epitomizes the victory of good over evil. Celebrated with enthusiasm across India, it marks the end of Navratri and commemorates Lord Rama's triumph over the demon king Ravana. It serves as a powerful reminder of the eternal struggle between righteousness and malevolence, inspiring individuals to uphold justice and integrity in their lives.

People across the country embrace Dussehra with immense enthusiasm and affection. It is a time for joyous celebrations and festive spirit! This essay on Dussehra delves into the significance of the festival and explores how people across India observe and enjoy the occasion.

150 Words Essay on Dussehra for Students

Essay 1: the significance of dussehra.

Dussehra, also known as Vijayadashami, is a major Hindu festival celebrated with great fervor across India. It marks the victory of Lord Rama over the demon king Ravana, symbolizing the triumph of good over evil. Celebrated on the tenth day of Navratri, Dussehra involves elaborate rituals, theatrical performances, and vibrant processions.

One of the key highlights of Dussehra is the Ramlila, a dramatic reenactment of the Ramayana, which depicts the epic battle between Rama and Ravana. The festival also features the burning of effigies of Ravana, Meghnath, and Kumbhkaran, symbolizing the eradication of evil forces.

Dussehra is a time for family gatherings, feasting, and festivities. It serves as a reminder of the virtues of righteousness and justice, inspiring people to overcome their challenges with integrity and courage.

Essay 2: Dussehra - A Festival of Triumph and Tradition

Dussehra is a vibrant festival celebrated on the tenth day of Navratri, marking Lord Rama's victory over Ravana. Known as Vijayadashami, it symbolizes the triumph of virtue and righteousness over wickedness. The festival is observed with grandeur and enthusiasm across India.

The highlight of Dussehra is the enactment of the Ramayana, known as Ramlila, which showcases the epic battle between Rama and Ravana. The festival culminates with the burning of effigies of Ravana, Meghnath, and Kumbhkaran, signifying the destruction of evil.

Dussehra is also a time for joyous celebrations, including feasting, music, and dance. It brings families and communities together, promoting unity and joy. The festival serves as a powerful reminder of the enduring values of truth, righteousness, and justice, encouraging everyone to uphold these principles in their lives.

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Book Review: ‘We’re Alone’ by Haitian American writer Edwidge Danticat weaves personal and political

This cover image released by Graywolf Press shows “We’re Alone” by Edwidge Danticat. (Graywolf Press via AP)

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Haitian American writer Edwidge Danticat explores family, homeland and her literary heroes in “We’re Alone,” a new volume of essays that include personal narratives of her early years as child immigrant in Brooklyn to reportage of recent events like the assassination of a president back in her native county.

In the essay collection, the author of the celebrated memoir “Brother, I’m Dying,” and novels like “Breath, Eyes, Memory” and “Claire of the Sea Light,” moves from her native Port-au-Prince to the New York of her childhood and finally to the adopted hometown of Miami, where she lives as an adult with a family of her own.

In one essay in the slim volume, Danticat contemplates her family, describing the consequences of one uncle being gripped by dementia, his memory erased, his past suddenly vanished.

“An entire segment of our family history, of which he was the sole caretaker, was no longer available to us. Or to himself,” Danticat recalled.

Yet, she wrote, “family is not only made up of your living relatives. It is elders long buried and generations yet unborn, with stories as bridges and potential portals. Family is whoever is left when everyone else is gone.”

Another essay pays homage to distinguished writers of color she admires, including James Baldwin and Colombian Gabriel García Márquez.

On the plane to Grenada for a tourism conference, Danticat considers the work of Black feminist Audre Lorde, reading the essay Lorde wrote about the island just weeks after the 1983 U.S. invasion of her parents’ homeland.

Danticat fondly remembers the time she spent with friend and mentor American novelist Toni Morrison, including their participation in a conference in Paris.

And she reflects on the earthquakes and hurricanes that have rocked her native Haiti and other Caribbean countries in recent decades, following centuries of colonization.

“‘We are a people,’ is what we have been saying for generations to colonizers, invaders and imperialists hellbent on destroying us. And now, more than ever, Mother Nature, too.”

AP book reviews: https://apnews.com/hub/book-reviews