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Published on Dec 8, 2016
In order to ensure a more sustainable future, nations need to address the opportunities and threats of globalization. To do so, nations have created institutions to achieve an array of shared goals. Specifically, a family of institutions was created after World War II, which is inclusive. That is, almost every country in the world belongs to them. These institutions face global challenges, provide loans for development and foster financial stability. The United States and Europe took the reins of the international financial institutions. But, in recent years, the world has become multi-polar. Countries, such as Brazil, Russia, India, China and South Africa (popularly known as the “BRICS”) got tired of agitating for their fair share of votes and influence in these institutions, so they launched their own institutions. In addition to these institutions that any country can join, there are also exclusive governance ‘clubs,’ such as the G20. In this film you will find 5 things you need to know about the G20.