The Group of 20 is an organization of finance ministers and central bank governors from 19 individual countries and the European Union. It includes Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, the United States and Turkey. It bills itself as the “premier forum for international economic cooperation - The group meets every year and collectively, its members represent more than 80 percent of the world’s gross domestic product. Established in 1999 after a series of major international debt crises, the G20 aims to unite world leaders around shared economic, political and health challenges. It is a creation of the more select Group of 7, an informal bloc of industrialized democracies. (Based on information from The New York Time, 2019).
Published in Chapter:
How to Deal With Corporations' Complicatedness: A Brazilian Example
Manuel Luiz (Boston Consulting Group, Brazil)
Copyright: © 2020
|Pages: 15
DOI: 10.4018/978-1-7998-3115-0.ch004
Abstract
This chapter discussed how companies in the 21st century need to simplify their internal processes in order to become competitive in the external market and foster productivity. The authors focus the discussion in Brazil, an emerging economy that suffers the effect of globalization (as much as other developed economies) but, at the same time, is plagued by structural factors that hinder the country's competitiveness, a concept that is referred to as “Brazil cost.” The chapter suggests a possible framework to address the need for simplifying the company's internal context and driving performance in order to fight the growing external complexity.