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In 2010, G20 meetings took place in Gyeongju and then Seoul, South Korea. The relatively stable economies of China and Japan also helped recovery. Moreover, not all Asian economies were hard hit. Federal Reserve Chairman Alan Greenspan and Treasury Secretary Robert Rubin deserve credit for working effectively with President Bill Clinton. Rapid response led by the United States mobilized public and private capital to relieve nearly disastrous financial pressures on Asian economies. The G20 began in 1999, spurred by the Asia financial crisis of 1997. This has been successful to a remarkable degree. Likewise, the initial prime incentive for economic integration in Europe was to deter Germany from launching war. announced the farsighted goal of creating the United Nations early in World War II to forestall yet another global armed conflict. There are also national and international security dimensions to the G20, and other global and regional economic institutions. People are more likely to regain economic ground, and recover lost income sooner, because of this relatively stable underlying international foundation. Many have lost money and lost jobs because of automation and other dislocations of rapid industrial change. That translates into a better, more secure life for most people. National finance ministries manage international policy machinery, which has proven to be remarkably effective. Today, actions taken by G20 officials have profound lasting impacts on the majority of the population of the world.
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The answer is you should care, and so should we all, for several central reasons. Who cares about a gathering of government big shots who dwell in a world removed from the average person?