The Group of 20 is the gathering of the worlds nineteen larges economies and the European Union in conversation on matters pertaining to the international financial system. It has permanently replaced the Group of 8 as the main economic council of wealthy nations, in order to better promote global economic relations between developed and developing markets and states. The G-20 addresses issues that go beyond any one organization. The nations will be highly involved in rebuilding the world economy, and have already created a document, The Summit on Financial Markets and the World Economy, to help identify causes of and solutions to the global financial crisis. This committee will work within declared G-20 policy on this crisis, in relation of other transnational economic issues.
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Group of 20 Background Guide 2010 by Michigan State University Model United Nations is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.
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