{"id":34334,"date":"2024-10-07T12:00:00","date_gmt":"2024-10-07T10:00:00","guid":{"rendered":"https:\/\/www.ie.edu\/uncover-ie\/?p=34334"},"modified":"2026-03-25T18:16:17","modified_gmt":"2026-03-25T17:16:17","slug":"g20-summit-rio-de-janeiro","status":"publish","type":"post","link":"https:\/\/www.ie.edu\/uncover-ie\/g20-summit-rio-de-janeiro\/","title":{"rendered":"What is the G20 Summit? Rio de Janeiro hosts world leaders for 2024 event"},"content":{"rendered":"<\/span> 5<\/span> min read<\/span><\/span>\n

Look no further than Brazil for this year\u2019s G20 summit meeting. Rio de Janeiro will gather world leaders on November 18th<\/sup> in hopes of solving the world\u2019s most pressing issues. Buckle in for a high-speed tour of need-to-know info, from a breakdown of the 21 G20 nations (all will be revealed) and its lasting effect on world politics.<\/p>\n\n\n\n

Members of the G20: who will be there and what does it mean?<\/h2>\n\n\n\n

So, what is the G20 summit, and more importantly\u2014what is<\/em> G20 short for? Just \u201cGroup of 20\u201d\u2014not very exciting, sorry. But the circumstances that led to the group\u2019s formation are somewhat more dramatic. The Asian Financial Crisis<\/a> of 1999 served as stimulus for Earth\u2019s mightiest Finance Ministers and Central Bank Governors to assemble and prevent economic Armageddon. This yearly meeting was elevated to leadership level in 2008 to respond to the new millennium\u2019s Great Depression.<\/p>\n\n\n\n

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G8 Countries<\/h3>\n\n\n\n

G8 is a group that started back in 1975, previously G7 but with Russia as a late addition. The \u201cGroup of Eight\u201d originated with informal summits between leaders of the century\u2019s most urbanized nations. That\u2019s the United States, Canada, France, Germany, Italy, Japan, Russia and the United Kingdom. <\/p>\n<\/div>\n\n\n\n

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\"What<\/figure>\n<\/div>\n<\/div>\n\n\n\n
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AU and EU membership<\/h3>\n\n\n\n

The group has since expanded to G20, in which the entirety of the EU has a spokesman, along with the newly-added African Union\u2014which technically makes it G21. We\u2019ve asked for a comment but apparently a name change is not top of their agenda.<\/p>\n<\/div>\n\n\n\n

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\"G20<\/figure>\n<\/div>\n<\/div>\n\n\n\n
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Remaining members of the G20 and permanent guest invitees<\/h3>\n\n\n\n

The remaining members of the G20 are Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Saudi Arabia, South Africa, South Korea and Turkey. Permanent guest invitees include Spain along with UN, WHO and other organizations.<\/p>\n<\/div>\n\n\n\n

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\"How<\/figure>\n<\/div>\n<\/div>\n\n\n\n

   <\/p>\n\n\n\n

What does the G20 do? Significant G20 summits since 2008<\/h2>\n\n\n\n

The G20 countries make up around 80% of the human population. Add to that a whopping 85% share of global economic output<\/a> and 75% of global exports, and you realize the kind of influence we\u2019re talking about. So, that aside, what does the G20 do, exactly?<\/p>\n\n\n\n

Their hour of honor came during the 2008 financial crisis, whereby the group \u201crescued a global financial system in free fall<\/a>.\u201d In the two successive years, world leaders agreed spending of around $4 trillion to revive the world economy and establish global reform. Results have varied since. Regardless, here are a few key moments in the history of the G20 summit<\/a>.<\/p>\n\n\n\n

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\"Antalya<\/figure>\n<\/div>\n\n\n\n
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Antalya G20 Summit, 2015<\/h3>\n\n\n\n

The G20 summit in Turkey was the first to examine migration and refugee movements. There were sector reforms and a binding agreement to support the global climate agreement. While critics had commented on G20\u2019s waning effectiveness since the financial crisis in 2008, Antalya demonstrated its continued ability to forge agreements at UN level. The UN Climate Change Conference group of Antalya was reformed at the subsequent Paris G20, with all parties pledging to keep global warming below 2\u00b0 C.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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\"What<\/figure>\n<\/div>\n\n\n\n
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Osaka G20 Summit, 2019<\/h3>\n\n\n\n

Most of the criticism levelled at G20 summits has been fueled by world leaders\u2019 inability to meet on core issues. Main talking\/entertainment points of the G20 summit in Osaka revolved around Donald Trump<\/a>\u2019s disruptive behavior. That said, Trump did agree to meet with Chinese President Xi Jinping to resume trade agreements and reconsider sanctions.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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\"Delhi<\/figure>\n<\/div>\n\n\n\n
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Delhi Summit, 2023<\/h3>\n\n\n\n

Last year we saw a joint condemnation against \u201chuman suffering and adverse repercussions of the conflict in Ukraine on global food and energy security\u201d. This somewhat vague wording was branded by Ukraine as \u201cnothing to be proud of\u201d. The most significant milestone was Indian Prime Minister Narendra Modi\u2019s invitation to the African Union to become a permanent member of the G20\u2014the agreement was unanimous.<\/p>\n<\/div>\n<\/div>\n\n\n\n

What are the talking points for Rio de Janeiro G20 Summit meeting<\/h2>\n\n\n\n

Rio de Janeiro G20 is committed to “Building a Fair World and a Sustainable Planet.” There will be three big cue cards on the table: climate change, sustainable development and world hunger. Here\u2019s how Brazil intends to start its new legacy in foreign affairs.<\/p>\n\n\n\n

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Climate Change<\/h3>\n\n\n\n

Brazil is creating two task forces. The first is The\u202fTask Force for the Global Mobilization Against Climate Change, with the idea of promoting dialogue around the Paris Agreement and implementing its goals. It aims to restore trust in actions against the climate emergency.<\/p>\n<\/div>\n\n\n\n

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\"Climate<\/figure>\n<\/div>\n<\/div>\n\n\n\n
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Sustainable Development<\/h3>\n\n\n\n

The pre-existing Development\u202fWorking Group will have a clear focus at this year\u2019s G20. Rio de Janeiro will see world leaders work towards development and poverty reduction, engaging developing countries both in and outside of the G20. Rio de Janeiro 2024 will therefore dedicate a large chunk of time to promoting debates on social inclusion and global access to clean water.<\/p>\n<\/div>\n\n\n\n

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\"Sustainable<\/figure>\n<\/div>\n<\/div>\n\n\n\n
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World Hunger<\/h3>\n\n\n\n

The Task Force for a Global Alliance Against Hunger and Poverty will focus on policies and technologies that reduce hunger and poverty around the world. The alliance will be open to countries both in and outside of the G20.<\/p>\n<\/div>\n\n\n\n

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\"World<\/figure>\n<\/div>\n<\/div>\n\n\n\n
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Become an expert in global offairs with our Political Science master’s programs<\/h3>\n\n\n\n

Choose from programs in International Relations, Applied Economics, International Development and more.<\/p>\n<\/div>\n\n\n\n

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Watch now<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Buckle in for a high-speed tour of need-to-know info, from a breakdown of the 21 G20 nations (all will be revealed) and its lasting effect on world politics.<\/p>\n","protected":false},"author":56,"featured_media":34341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[1096,337],"tags":[954,483,952],"class_list":["post-34334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-concepts","category-thought-leadership-identity","tag-law-international-affairs-and-public-policy","tag-masters","tag-school-of-politics-economics-and-global-affairs"],"acf":[],"yoast_head":"\nWhat is the G20 Summit? 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