G20: SHAPING AN INTERCONNECTED WORLD (2017 | Issue 2)

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FROM THE HORSE’S MOUTH

In the run-up to the 2017 G20 Summit in Hamburg, various meetings between ministers and high-ranking officials have been held. What’s Up, Germany? has compiled some of the most memorable quotes.

“As G20 partners, we must ask ourselves what we can do to ensure that everyone stands to benefit… How can we safeguard inclusiveness and ensure that the fruits of prosperity and growth are distributed fairly?”

— German Chancellor Dr Angela Merkel

“Those who sponsor and support terrorism must be isolated and sanctioned, not rewarded. India appreciates the G20 initiative on combating the financing of terrorism.”

— Indian Prime Minister Narendra Modi

“Globalisation and digitalisation mean that we are more closely linked with one another and more dependent on one another.”

— German Finance Minister Wolfgang Schäuble

“No country in the world can tackle the major international problems of our time alone. Terrorism, water scarcity, forced migration and humanitarian emergencies cannot be resolved by isolation. Climate change cannot be tackled by barbed wire.”

— German Foreign Minister Sigmar Gabriel

“If you were to close the gender gap, the US economy would automatically grow by 5 percent and in India, you are talking about 23 percent. So in all societies, there is a bonus to be had by having women join the economy.”

— Christine Lagarde, managing director, International Monetary Fund (IMF)

“Agriculture is a key factor for the sustainability of rural areas, the responsibility for food security, but also for political stability.”

— German Agriculture Minister Christian Schmidt

“The world urgently needs a G20 solving global problems and investing in a global culture of cooperation. ‘Our country first’ movements are threatening stability, wealth and peace in our
interdependent world.”

— Dirk Messner, director, German Development Institute

“The global challenges call for a global response. We need a strong partnership that brings together all major economic powers, so that we do not further exceed the limits of our planet.”

— German Environment Minister Barbara Hendricks

KNOW YOUR Gs!

What’s Up, Germany? helps you understand the purpose of the different groups.

G4

The G4 nations comprising Brazil, Germany, India and Japan support each other’s bids for permanent seats on the United Nations Security Council (UNSC).

G5

Made up of five emerging economies—Brazil, China, India, Mexico and South Africa—the Group of Five, formed in the 1970s, works together to find common solutions to global challenges. It also seeks to promote dialogue and understanding between developing and developed countries.

G7

The Group of Seven consists of seven major industrialised nations—Canada, France, Germany, Italy, Japan, the United Kingdom and the United States—who have been holding annual economic summits since 1975. The European Union and the International Monetary Fund (IMF) also participate in the G7. This group was renamed the G8 when Russia became a member, but became the G7 again after Russia was suspended in 2014.

G20

The Group of Twenty was founded in 1999 as a response to the global financial crisis of the late 1990s. It is made up of 19 countries plus the European Union, which initially focussed on economic aspects, but gradually evolved to include a wider agenda. Germany is chairing the G20 in 2017.

G77

The Group of 77 is the largest coalition of developing nations in the United Nations. It promotes its members’ collective economic interests and strengthens their negotiating power. There were 77 founding members when it was founded in 1964, but it has since expanded to 134 member countries.

“When one tugs at a single thing in nature, he finds it attached to the rest of the world.”
— John Muir, author & conservationist