Group of 20 (G20)
Definition
The G20 is an international forum for governments from 19 countries and the European Union. It aims to discuss policy issues pertaining to the promotion of international financial stability.
Analogy
The G20 is like a school's student council, where representatives from each class (or in this case, country) come together to discuss and address common problems or concerns.
Related terms
Economic Policy: A course of action that is intended to influence or control the behavior of the economy.
Financial Stability: A condition where the financial system can withstand shocks without significantly harming economic activity.
Globalization: The process by which businesses or other organizations develop international influence or start operating on an international scale.
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