By joining the G20, it is joining an exclusive club, which goes beyond economics. In Africa, currently South Africa is the only member which is also hosting the next Summit in 2025. Even the EU is a single member though not all its member are members of the G20. The membership is akin to countries seeking membership of the World Trade Organisation (WTO) in spite of the fact that this requires many sacrifices. Staying out is more disadvantageous than staying in.
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