G20 is meant to fix your job and your wallet

Grouping represents 80% of the world economy and 60% of population

- By Setumo Stone

The big G20 meeting this weekend on South African soil is mainly a discussion about managing the world’s economy.

The summit brings around the table the 19 biggest and most important single countries - like the USA, China, Germany, India and Brazil - plus the European Union.

Together, these members represent about 80% of the world’s economy, 75% of all trade, and about 60% of the world’s population. So, when they talk, everyone listens.

But what's the point of the meeting? Imagine the world’s economy is a giant, complicated machine. The G20 is the group of head mechanics and supervisors who get together to make sure the machine doesn't break down.