* Canada
* France
* Germany
* Italy
* Japan
* United Kingdom
* United States
History:
The G7 originated in 1975 as the Group of Six, consisting of France, Germany, Italy, Japan, the United Kingdom, and the United States. The group was formed in response to the 1973 oil crisis and aimed to coordinate economic policy among major industrialized nations. Canada joined in 1976, making it the Group of Seven.
Purpose:
The G7 meets annually to discuss and coordinate policies on a wide range of issues, including:
* Global economy: Economic growth, trade, and financial stability.
* International security: Peace and stability, arms control, and counterterrorism.
* Climate change: Reducing greenhouse gas emissions and promoting clean energy.
* Development assistance: Aid to developing countries.
* Social issues: Education, health, and gender equality.
Meetings:
The G7 summit, which hosts leaders from each member country, is held annually in a different member nation.
Influence:
The G7 remains an influential group, despite recent challenges to its relevance. Its members represent a significant portion of the global economy, and their actions and decisions can have a major impact on the world stage.
Key Developments:
* Expansion to G8: In 1997, Russia joined the group, creating the Group of Eight (G8). However, Russia was suspended in 2014 due to its annexation of Crimea.
* Focus on Global Issues: The G7 has increasingly focused on global issues, such as climate change and development.
* Criticism: The G7 has been criticized for being an exclusive club and for not representing the interests of developing countries.
Overall, the G7 remains a powerful force in global affairs, representing a significant portion of the world's economy and playing a key role in shaping global policy.