What is G-20? In the year 1999, a forum called Group of Twenty (G-20) was established, aiming to discuss about the important issues regarding the global economy.

Ranging from countries in Europe, Africa to Asia, these countries altogether control 90% of the total gross domestic product (GDP) of the world, 80% of the world trade and two thirds of the world’s population. By means of this evidence, it is proven that even though the G-20 only consists of 20 countries, they are the centre or majority of the world financial activities and population.

What is the Benefit for Indonesia and for the World?

Indonesia is a country known for the high terrorism activity, such as massive bombing or suicidal bombing. By the help of G-20, Indonesia is able to gain several benefits, such as the decreasing amount of financing for terrorism, which also means a decrease in the amount of terrorist activity. In addition, this country may benefit from the agreements made by the G-20, such as those related to transparency of fiscal, tax evasion and money laundering. The benefits for Indonesia could be felt in a direct impact, because all the problems that the G-20 are trying to resolve all happens in Indonesia. For example, money laundering was a very popular type of fraud a few years ago, but since the 2004, the amount of problems and issues has decreased drastically.

Not only for Indonesia, have the G-20 given plenty of benefit for the world, especially, towards the importance of economic growth for underdeveloped countries, like those in Africa and Asia. By having a forum like G-20, a more solid and firm financial structure can be created for the world, preventing it from falling during times like the financial crisis. Moreover, the agreements made by the members of the G-20 may also help to decrease scams, like money laundering, terrorism financing and tax evasion. As the amount of these problems decrease, each country is able to gain more from their tax and fiscal, allowing them to support their citizens in better ways.

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