Postmania! And “What is the G20?”
Just wanted to give everyone a heads up that there will be plenty more posts coming up over the next several weeks so keep your eyes open. I’m finally through my mid-block round of finals and I’ve got 6 weeks or so until the next one. And we’re now getting into some semblance of a schedule with Jonah so I’ll finally be able to write some of the articles I’ve been building up here. And to start things off here’s a quick one. You may have heard something about the G20 summit coming up this week and like many people you may have wondered, “What in the world is the G20?”. Well that bastion of trivia, MentalFloss, put up an article about it today so just click “continue reading” for a quick definition.
From Mental Floss:
“The G20, more officially known as the Group of Twenty Finance Ministers and Central Bank Governors, includes banking ministers from 19 of the world’s wealthiest economies, plus the European Union. The group’s inaugural meeting was held in 1999 in Berlin, to strengthen international financial architecture and to foster economic development on a global scale. The member countries represent 80% of the world’s trade, two-thirds of the world’s population, and roughly 90% of the global gross national product. A few of the countries include the US, Japan, Mexico, Russia, South Korea and Saudi Arabia. Basically, the G20 summit gets all of the people who control economy in one room at least once (or in 2008’s case, twice) a year, and asks them to make decisions about things. Whether or not that actually accomplishes anything isn’t immediately evident. The existence of the meeting, however, provides a wonderful physical focal point for the masses of people angry at the current direction of the global economy.”
The full article can be found here.
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