MUNBAL'24

AGENDA ITEMS

Agenda Item 1: Managing and Reducing Great Power Competition in the G20 Countries

The G20 is a prominent international forum consisting of major economies that significantly impact the global economic landscape. Established in 1999, this forum brings together a diverse group of countries, including both developed and developing nations, to address pressing issues in the world economy. The primary objective of the G20 is to facilitate dialogue and collaboration among its members, enabling them to tackle economic challenges and craft effective solutions.

The G20’s role extends beyond mere discussion; it actively provides policy recommendations and promotes international cooperation aimed at achieving global economic stability. By addressing a broad range of critical issues such as financial crises, international trade, and sustainable development, the G20 fosters coordinated economic and financial policies. This approach helps create a more cohesive and resilient global economic system. The forum’s decisions carry substantial weight in shaping international economic governance and influencing global economic policies, thereby playing a crucial role in steering the world economy toward stability and growth.