- Government economic forums are :: global forums that influence and coordinate world trade and economic policies across the global economy. (G7, G20)
Group of Seven Nations (G7)
- effectively operated as the economic council of the world’s wealthiest nations
- Lately, the significance of G7 has declined.
Group of Twenty Nations (G20)
- established after the 2008 GFC
- G20 members account for 85% of the world economy
- G20 leaders meet annually at the G20 Summit.