PREVFinLit1 - IG (80p Protected Preview)

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EXPLORING 21st CENTURY SKILLS and ISSUES

6. Summarize the Council on Foreign Relations’ criticisms of the G8/G7. _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ According to the Council on Foreign Relations, the exclusivity of the group results in a focus on the needs of industrial nations at the expense of developing countries. G8 reflects an outdated, Western-centric view of the global distribution of power.

Go to www.g20.org/about_g20/g20_members to answer questions 8-11 7. What is the G20?

_ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 8. Who are the G20 members? (List them; abbreviations are OK) _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 9. What are current G20 priorities? (See the Agenda ) _ ______________________________________________________________________________ _ ______________________________________________________________________________ 10. According to the G20, what does “building global economic resilience” mean? _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 11. How do the G8 and G20 differ? _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ Aka Group of Twenty. It is an international forum for the governments and central bank governors from 20 major economies. The focus of the G20 is primarily economics. 2014: Stimulate growth and build global economic resilience . Argentina, Australia, Brazil , Canada, China, France , Germany, India, Indonesia, Italy, Japan , Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the U.S. and the E.U. Ensuring that international and domestic economic policies work together to protect the global economy against future shocks. Addressing the causes of the global financial crisis and ensuring financial stability to restore business and investor confidence . The Groups differ in member-nation numbers; the G8 is much more exclusive , private and has a broader and more free-form agenda, including the environment and terrorism; the G8 high-level – only presidents and prime ministers; the G20 is between central bank governors. The G20 is focused on global economic growth and strengthening free trade . PRODUCT PREVIEW

Lesson 15 | Walk’n on Wall Street 296

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