Sunday, 12 September 2010
CASE 063 - G20
The G20 was established in 1999, in the wake of the 1997 Asian Financial Crisis, to bring together major advanced and emerging economies to stabilize the global financial market. Since its inception, the G20 has held annual Finance Ministers and Central Bank Governors' Meetings and discussed measures to promote the financial stability of the world and to achieve a sustainable economic growth and development.
To tackle the financial and economic crisis that spread across the globe in 2008, the G20 members were called upon to further strengthen international cooperation. Accordingly, the G20 Summits have been held in Washington in 2008, and in London and Pittsburgh in 2009, Toronto 2010. Around $1 Billion was spent on the security of the 2010 G20 meeting in Toronto, many people were left asking is it all really worth it.
Herding the Masses: The Toronto G20 Summit