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.Know More
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
Countries that border the Atlantic Ocean include: Antigua and Barbuda, Angola, Barbados, Benin, Brazil, the Bahamas, Cuba, Cameroon, Canada, Cote d'Ivoire, Cape Verde, Dominican Republic, Spain, France, French Guiana, Gabon, the United Kingdom, Ghana, Guinea-Bissau, Equitorial Guinea, Guyana, Ireland, Iceland, Saint Kitts and Nevis, Liberia, Morroco, Namibia, Portugal, Argentina, Congo, Chile, Guinea, Haiti, Mauritania, Uruguay, South Africa, Togo, Suriname, Senegal, Sao Tome and Principe, Trinidad, Tobago and the United States.Full Answer >
As of 2014, countries with a sovereign monarchy are the United Kingdom, Sweden, Norway, Denmark, the Netherlands, Spain, Luxembourg, Belgium, Brunei, Bahrain, Liechtenstein, Andorra, Jordan, Kuwait, Lesotho, Saudi Arabia, Monaco, Oman, Qatar, Bhutan, Swaziland, Thailand, Cambodia, Japan, Malaysia, Tonga, the United Arab Emirates, Morocco and Vatican City. Most of the monarchies are hereditary, which means they are passed down from one family member to another, usually father to son.Full Answer >
The United States, Canada, Australia, Germany, France, Japan and South Korea are a few of the developed countries in the world. A country is classified as developed when it is a sovereign state with a strong economy and a technologically advanced infrastructure.Full Answer >
Because different nations have different natural resources and human capabilities, trade has become a popular method of allowing nations to get the products people need, such as when the United States exports goods like wheat and corn to Japan and imports goods like computers and cars from Japan. In this example, Japan and the U.S. engage in trade in order to sell the surplus of the things they make and gain access to the things they don't make, allowing for a balance of a wide range of goods rather than a surplus of just a few things.Full Answer >