I was going through the list of G20 member countries and was surprised to find that Pakistan was not a member. Is Pakistan not considered an economic power/influence or is it another of those 'schemes' by the western countries to keep it at bay? I am looking forward to comments/replies from those who understand the global economics (and Asia in particular).
Is it true that one of the reason was Pakistan's weak economy is rampant corruption in the government (top to bottom) in the "Islamic" states? I have heard that nothing happens unless you bribe the government officials. Is that true? If Yes, then thats a sad state for an Islamic nation.
The surprising part is that a lot of its neighbours are members of G20. I wonder what this says about the character of the country.
Membership
The G-20 is made up of the finance ministers and central bank governors of 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States of America, and also the European Union who is represented by the rotating Council presidency and the European Central Bank. To ensure global economic fora and institutions work together, the Managing Director of the International Monetary Fund (IMF) and the President of the World Bank, plus the chairs of the International Monetary and Financial Committee and Development Committee of the IMF and World Bank, also participate in G-20 meetings on an ex-officio basis. The G-20 thus brings together important industrial and emerging-market countries from all regions of the world. Together, member countries represent around 90 per cent of global gross national product, 80 per cent of world trade (including EU intra-trade) as well as two-thirds of the world's population. The G-20's economic weight and broad membership gives it a high degree of legitimacy and influence over the management of the global economy and financial system.
Is it true that one of the reason was Pakistan's weak economy is rampant corruption in the government (top to bottom) in the "Islamic" states? I have heard that nothing happens unless you bribe the government officials. Is that true? If Yes, then thats a sad state for an Islamic nation.
The surprising part is that a lot of its neighbours are members of G20. I wonder what this says about the character of the country.
Membership
The G-20 is made up of the finance ministers and central bank governors of 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States of America, and also the European Union who is represented by the rotating Council presidency and the European Central Bank. To ensure global economic fora and institutions work together, the Managing Director of the International Monetary Fund (IMF) and the President of the World Bank, plus the chairs of the International Monetary and Financial Committee and Development Committee of the IMF and World Bank, also participate in G-20 meetings on an ex-officio basis. The G-20 thus brings together important industrial and emerging-market countries from all regions of the world. Together, member countries represent around 90 per cent of global gross national product, 80 per cent of world trade (including EU intra-trade) as well as two-thirds of the world's population. The G-20's economic weight and broad membership gives it a high degree of legitimacy and influence over the management of the global economy and financial system.