As of 2014, 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 make up the G20. The members represent the world's most advanced economies, accounting for roughly 85 percent of global GDP and more than 75 percent of world trade.Continue Reading
The G20 was formed in 1999 as a result of the global financial crisis, with the group aiming to improve the future of the global economy. During its annual leaders summit, established in 2008, the presidents of each member country converge, inviting several guest and nonmember nations to gain international input. Discussion is centered around improving financial regulation, implementing key economic reforms needed in member counties and reforming international financial institutions. By establishing measures to limit the collapse of financial markets, the G20 is credited with creating or saving millions of jobs that might otherwise have been destroyed.
Worldwide organizations supporting the G20 include the Organisation for Economic Co-operation and Development, Financial Stability Board, International Labour Organisation, International Monetary Fund, United Nations, World Bank and World Trade Organization. In addition to 2014 host Australia, previous sites of the summit have included the United States, the United Kingdom, Canada, Republic of Korea, France, Mexico and Russia.Learn more about Economics
The 10 countries with the highest nominal gross domestic product as of 2015 are (ranked first to 10th) the United States, China, Japan, Germany, the United Kingdom, France, Brazil, Italy, India and Russia. There are no definitive numbers on what countries are spending, so organizations work with estimates to compose lists such as this.Full Answer >
The countries that fought in World War II were Germany, Italy and Japan, which comprised the Axis Powers, and Britain, France, Australia, Canada, New Zealand, India, the Soviet Union, China and the United States of America, which comprised the Allies. Although Ireland remained neutral, many Irish fought on the side of the Allies. This war was fought for dominance over Europe, Asia and the Pacific.Full Answer >
The United States, Canada, Australia, Barbados, France, Italy, Mexico, Poland, Jamaica, Peru, Chile, Sweden, Switzerland, Panama, Bulgaria, Saudi Arabia, Kuwait, Romania, Turkey and Portugal are all examples of capitalist countries. However, the degree of capitalism varies by country.Full Answer >
The goal of the Kellogg-Briand Pact, signed in August of 1928 by France, the United States, Germany the United Kingdom, Ireland, Canada, Australia, New Zealand, South Africa, India, Belgium, Italy and Japan, was to outlaw war in the wake of the end of WWI. After the three world leaders signed the historic pact, most of the other 47 countries committed as well.Full Answer >