Who's hot and who's not at the G20

Fri, 03/13/2009 - 3:40pm

With three weeks to go until the G20 Summit, the British government is assiduously preparing to host the world's leaders. It's beefing up security. It's passing out press credentials. And, like any shrewd party host, as shown by a memo obtained by the Financial Times, it's naming the in-crowd.

The document solicits bids from public relations firms, asking them to help create "moments of drama for the media" around the Summit. In a section entitled "Target Audiences," it splits the G20 countries into "tier one" and "tier two," spelling out who's worth some extra attention.

Early indications suggest that the following are our priority countries and will be the focus of intensive diplomatic lobbying and engagement:

  • US, Japan, France, Germany (key G8 countries) and Italy (as next G8 President)
  • China, India
  • South Africa (as the only African nation)
  • South Korea (as the Chair of the G20 after the UK)
  • Brazil (as the main South American nation)
  • Saudi Arabia (as the only Middle East nation)

Tier 2 countries include other G20 members, non G20 countries, regional groups and developing countries.

Who falls into "tier two"? Russia, Australia, Argentina, Mexico, Indonesia, Turkey, and Canada.

A Tory spokesman immediately responded:

"The downgrading of some participants before they have even set foot in London sends completely the wrong message. In particular it is wrong for Commonwealth countries such as Australia and Canada to be put into the so-called second tier. So too are some of the world's developing countries whose people will potentially be among those hardest hit by the global crisis."

Looks like its Gordon Brown's turn to be called an ungracious host.

Photo: Carsten Koall/Getty Images



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Tier 1 and 2

Considering Canada is a G7 and G8 member, as well as having the healthiest financial system in the world, it might be wise for whatever dimwit in the Brown government that came up with this 'two tier' idea to give his/her head a shake. Are South Africa, South Korea or Brazil in the position to impact world markets to the extent Canada is? Saudi Arabia is the world's biggest oil producer, but Canada is the largest supplier of gas and oil to the US (with proven and 'unproven' oil reserves dwarfing the combined amounts of the Saudi's - in terms of proven reserves, Canada's are second only to the Saudi's, but the total amount of oil in the oil sands of Alberta has been estimated at as many as 1.7 trillion barrels, or as much as all the other proven reserves in the world at the turn of the century).

Anyway, Gordon Brown's staff should give their collective heads a shake.

I'm sure there was more to

I'm sure there was more to the reasoning behind the list.
This represents the 20 most powerful countries in the world.
Canada is both rich and ranks top 10 in nominal gdp and exports so it must be in the top tier. Number 2 in oil, gold, number 1 in silver, number 3 in water, number 7 in market value of its 2000 largest companies, the market value of its banks and insurance companies is larger than Spain's.
Italy has a nominal gdp 86 percent the size of the UK's. As long as the UK is a top tier country Italy is as well especially since it exports more than the UK.
Russia is not a tier 2 country. It already exports more than the UK, is near the top of the world in gold reserves, oil, and has one of the fastest growing economies in the world.