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... One of these ways was to create the G20. The G20, although an improvement because it represents a larger number of countries, is ineffective because of the lack of concrete proof that there is a democratic system within the group.
The G20 is a group of 20 countries. ... In each of the G20 meetings, the finance minister of each of these countries, the managing director of the IMF and the president of the World Bank get together for a forum of discussion. ... The G7 created the G20 to have a broader participation. ...
So, why is the G20 ineffective? First of all, the G20 was created only a year ago, so there arent a lot of concrete results to evaluate. ... The first criticism of the G20 is that its a non-democratic and non-transparent group, so how can we really know what is being decided and by whom? ... Is the G7 over-dominant within the G20?
Approximate Word count = 755 Approximate Pages = 3 (250 words per page double spaced)
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