Government Economic Forums (HSC SSCE Economics): Flashcards
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Purpose of govt economic forums
Purpose of govt economic forums
Coordinate economic policies between major economies
G7 member nations
G7 member nations
US, UK, France, Germany, Canada, Japan, Italy
Year G7 was established
Year G7 was established
1976
G7 share of global GDP: 1992 vs 2023
G7 share of global GDP: 1992 vs 2023
68% in 1992, fell to 43% in 2023
G7 % of world population
G7 % of world population
10%
G20 composition
G20 composition
19 largest national economies plus EU
G20 share of world GDP
G20 share of world GDP
Approximately 85%
G20 share of world population
G20 share of world population
65%
G20 2021 tax reform achievement
G20 2021 tax reform achievement
Minimum global corporate tax rate
G20 structural weakness
G20 structural weakness
Lacks permanent leadership and headquarters