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BumRushDaShow

(172,657 posts)
11. Here is the current make up
Thu Mar 24, 2022, 05:51 PM
Mar 2022
https://g20.org/about-the-g20/

PARTICIPANTS

The members of the G20 are: 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 United States, and the European Union. Spain is also invited as a permanent guest.




I know I have posted this in other (unrelated) threads, but as a look at the GDPs of the world's economies, one might be able to see who might also be considered (most of Europe is generally covered under the "EU" slot) -



Since Nigeria is the most populated country on the continent of Africa and only a single country from that continent is on the list (South Africa, whose economy is actually smaller than Nigeria), perhaps Nigeria should be considered - particularly since they are producing nearly 1.5 million barrels of oil/day.

It becomes a bit tiresome to see a Europeans/Asians club only thing going on. There was an interesting analysis of this decision of who was "in" and who would be "out" from here (published in 2009) -

(snip)

There is no question that the world needs an informal, non-law-making, body that brings together finance ministers at regular intervals, several times a year (they all face a similar set of issues stemming from global financial connectivity). There is also no question that the expansion to the G20 represents a big improvement on the G7. Yet in the longer term the G20 is of uncertain viability. For one thing, it is too big to be effective in building personal relations and a sense of ownership (central bank governors as well as finance ministers often sit at the top table). To keep it from degenerating to little more than a photo opportunity it should have no more than about 15 principals. Second, however well the 20 member countries meet criteria of representativeness, the process by which they were selected was of questionable legitimacy, a reflex of the G7 world. They were selected in 1999 by Timothy Geithner at the US Treasury in a transatlantic telephone call with his counterpart at the German Finance Ministry, Caio Koch-Weser. Geithner and Koch-Weser went down the list of countries saying, Canada in, Spain out, South Africa in, Nigeria and Egypt out, and so on; they sent their list to the other G7 finance ministries; and the invitations to the first meeting went out.(15) Third, the G20 has no procedures for rotating membership; countries are in or out, permanently.

(snip)

Footnote (popup)
(15) - It was not quite as unilineal as this. Both principals had taken soundings from other governments before their telephone call. As one of the principals said, ‘We talked to the South Africans about their role in the continent’, after which they decided that South Africa would be the best country to represent it. (They did not similarly consult with the Nigerians or the Egyptians.) Personal communication.

https://academic.oup.com/cje/article/33/4/539/1734394

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