Wednesday, April 1, 2009

A Simple Understanding: G-20

In these past few days, the topic of many front page headlines has been the G-20 meeting (it also was the subject of my article "Consumer Power"). Everyone talks about G-20 as if it is common knowledge, when in reality, most people have no idea what G-20 is or means.

G-20 is a group of central bank governors from 20 of the most powerful economies of the world. They meet once a year to discuss, announce, study and review global finance. The goal of a G-20 meeting is to balance and maintain the global economy. Each year the meeting takes place in a different country, for instance this year the meeting is to be held in London.

The G-20 meeting this year is getting so much attention due to the fact of the global recession, which is the number one subject. They will look at and discuss many alternatives on how to solve this global mess.

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