G20

Definition

The G20, or Group of Twenty, is an international forum for governments and central bank governors from 19 countries and the European Union to discuss and promote international financial stability. It plays a key role in global economic governance by addressing issues that go beyond the responsibilities of any one organization.

Related terms

International Trade: The exchange of goods and services between countries, which can be facilitated or influenced by agreements made at forums like the G20.

Globalization: The process by which businesses or other organizations develop international influence or start operating on an international scale, often discussed within the context of G20 meetings.

Economic Policy: A course of action adopted by a government or institution to influence and determine decisions regarding its economy, which can be shaped through discussions at G20 summits