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Group of 8 (G8) : Ramon D. Villanueva Jr. Abpolsci 4A

The Group of Eight (G8) refers to eight highly industrialized nations - France, Germany, Italy, the UK, Japan, the US, Canada, and Russia. There are no formal membership criteria, but members are expected to be democracies with highly developed economies. The G8 aims to identify and address issues related to security, economies, climate change, and geopolitics. It comprises over half of global GDP but represents only 14% of the world's population. Criticisms of the G8 include that it focuses only on industrialized nations and is increasingly outdated. The Group of 20 (G20) includes 19 countries and the EU, representing about two-thirds of the global population and 85% of

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33 views14 pages

Group of 8 (G8) : Ramon D. Villanueva Jr. Abpolsci 4A

The Group of Eight (G8) refers to eight highly industrialized nations - France, Germany, Italy, the UK, Japan, the US, Canada, and Russia. There are no formal membership criteria, but members are expected to be democracies with highly developed economies. The G8 aims to identify and address issues related to security, economies, climate change, and geopolitics. It comprises over half of global GDP but represents only 14% of the world's population. Criticisms of the G8 include that it focuses only on industrialized nations and is increasingly outdated. The Group of 20 (G20) includes 19 countries and the EU, representing about two-thirds of the global population and 85% of

Uploaded by

Rham Villanueva
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GROUP OF 8 (G8)

Ramon D. Villanueva Jr.


ABPOLSCI 4A
■ The Group of Eight (G8) refers to the group
of eight highly industrialized nations—
France, Germany, Italy, the United
Kingdom, Japan, the United States, Canada,
and Russia.
MEMBERSHIP

There are no formal criteria for membership,


member states are expected to be democracies and
have highly developed economies. The G8, unlike
the United Nations, is not a formal institution, and
there is no charter or secretariat.
Objectives of G8

■ To identify and work together on issues


pertaining to security, economies, climate
change, Peace and geopolitical issues.
■ Develop framework for regulation for the
above issues.
The G8’s efficacy and influence

■ The G8 nations constituted, 55 percent of global gross domestic product.


■ The G8 nations comprise 53.0% of global nominal GDP and 42.5% of
global GDP.
■ G8 ministers also meet throughout the year
■ Together the eight countries making up the G8 represent about 14% of the
world population, but they represent about 60% of the Gross World
product as measured by gross domestic product.
■ All eight countries being within the top 12 countries
Criticism of the G8

■ Focus only on the needs of industrial rather


than developing countries.
■ G8 is increasingly an anachronism.
■ Lacks an administrative structure.
GROUP OF 20
Ramon D. Villanueva Jr.
ABPOLSCI 4A
■ The Group of 20 (G20) is an international
forum that brings together the world's
leading industrialized and emerging
economies.
Membership

The G20 membership comprises a mix of the


world’s largest advanced and emerging
economies, representing about two-thirds of
the world’s population, 85 percent of global
gross domestic product and over 75 percent
of global trade.
Which countries are members of the G20?

■ Argentina ■ Indonesia ■ Turkey


■ Australia ■ Italy ■ United
■ Brazil ■ Japan Kingdom
■ Canada ■ Mexico ■ United States
of America
■ France ■ Russia
■ China
■ Germany ■ Saudi Arabia
■ South Africa
■ India ■ South Korea
Objectives

■ Coordinated macro-economic actions to revive


the global economy, stimulate growth and
employment.
■ Reform and improve financial sectors and
systems.
■ Deal with Financial instability and lack of growth,
the loss of trade, the loss of jobs that are hurting
every continent.
Impact of G20

■ World leaders discuss their work.


■ G20 economic growth improve lives of the
poorest.
■ Disproportionate impact of the global crisis
on the poor and vulnerable.
■ Dealing with jobs and employment
Criticisms of G20

■ The G20 is more representative of the world as a whole and


accountability for decisions is less concentrated
■ Companies move to countries with lighter restrictions or protectionism.
■ It is a very odd organization. It doesn’t have any constitutional powers.
■ It is difficult enough to try and pass an idea to the entire government and
public of a single nation where there are 20 nations.
THANKYOU

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