Article Type

Article

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The formation of the G20 grouping of finance ministers and central bank governors and their heads of state is indeed a significant improvement compared to the previous G8 arrangements. The dynamic changes in global economic output and international trade are adequately reflected in this expanded group. The inclusion of 10 emerging economies such as South Africa, Mexico, Argentina, Brazil, China, South Korea, India, Indonesia, South Arabia and Turkey in the consultative process has broadened the scope of the dialogue. but it still excludes 170 nations from direct participation in this forum. Norway, one of the major donors to development programs, has protested that it has no voice within the group.

Publication Source

East Asia Forum Quarterly

Publication Date

10-27-2010

Pages

1-3

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