The Group of Seven (or G-7) is an economic forum comprising the USA, Canada, UK, France, Italy, Japan, and Germany (seven biggest economies in the Free World back in the Soviet days). With the addition of Russia (always invited now) it is called the G-8. It is primarily an economic body, notice most of the G-7 are in NATO.
2006-08-27 15:30:09
·
answer #1
·
answered by Charles D 5
·
0⤊
0⤋
G-8
The members of the Group of Seven (G-7) are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, which together account for about two-thirds of the world's economic output.
The leaders of these largest industrialized democracies have met annually since 1975 to discuss major economic and political issues. The participants at the first meeting in Rambouillet, France in November 1975 were France, West Germany, Italy, Japan, the United Kingdom and the United States. Canada joined at the 1976 Dorado Beach, Puerto Rico Summit what came to be known as the G-7. Ever since, the site of the yearly Summit of the leaders has rotated among the seven countries. Since 1977, the President of the European Commission has also been represented at the Summit table.
The Group of Eight (G-8) comprises the G-7 nations plus Russia. Russia began to participate in a portion of the meetings at the 1994 G-7 Summit in Naples. Russia officially became the eighth member at the 1997 Denver, Colorado, "Summit of the Eight." While Russia is a G-8 member, it does not participate in financial and economic discussions, which continue to be conducted by the G-7. Russia has the G-8's smallest economy. (The Size of the G-8 Economies)
G-7 Finance Ministers meet four times a year to review developments in their economies and the world economy and to develop common approaches on international economic and financial policy issues.
The G-7 Central Bank Governors join the Finance Ministers at three of these meetings. The three are the first meeting of the year, held in January or February, then the gatherings just before both International Monetary Fund(IMF)/World Bank meetings, which are usually in April and in September. At the conclusion of these meetings, the G-7 ministers usually issue a statement on economic conditions and policies. On rare occasions, the finance ministers hold additional unscheduled consultations during the year and issue statements on specific economic issues. ...
2006-08-27 15:28:40
·
answer #2
·
answered by Justsyd 7
·
0⤊
0⤋
The Group of Eight (G8) consists of Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States. Together, these countries represent about 65% of the world economy[1]. The hallmark of the G8 is an annual political summit meeting of the heads of government with international officials, though there are numerous subsidiary meetings and policy research.
2006-08-27 15:28:08
·
answer #3
·
answered by erodreus2 1
·
0⤊
0⤋
Well, there's dinners for 8,
G-8 is the group of the eight wealthiest nations in the world, they hold summits in europe every few years and make decisions that impact the world, usually the summits are surrounded by protestors.
2006-08-27 15:29:26
·
answer #4
·
answered by stick man 6
·
0⤊
0⤋
It is the group of 8 leading industrialized nations. They meet with the interest of diplomacy and world trade.
2006-08-27 15:30:25
·
answer #5
·
answered by Anonymous
·
0⤊
0⤋
Octette
2006-08-27 15:29:54
·
answer #6
·
answered by da_hammerhead 6
·
0⤊
0⤋
a group that has one more than seven.
2006-08-27 15:30:35
·
answer #7
·
answered by Budakai SAB 1
·
0⤊
0⤋
Justme has the answer.
2006-08-27 15:34:07
·
answer #8
·
answered by tiger 4
·
0⤊
0⤋
Goggle it you ninny.
2006-08-27 15:28:17
·
answer #9
·
answered by Anonymous
·
0⤊
0⤋