– Overview:
– Established in 1975
– Consists of 7 member countries
– Represents 58% of global net wealth
– Aims to discuss and coordinate economic policies
– Meets annually to address global challenges
– Member Countries:
– United States
– Canada
– United Kingdom
– France
– Germany
– Presidency:
– Rotates annually among members
– Hosts the G7 Summit
– Sets the agenda for the year
– Represents the group in international forums
– Coordinates with other member countries
– Criticism:
– Limited effectiveness in addressing global issues
– Lack of representation from emerging economies
– Tensions among members on various issues
– Calls for reform to include more diverse voices
– Criticisms of excessive focus on economic matters
– Achievements:
– Past initiatives on debt relief for developing countries
– Efforts to combat climate change
– Support for global health initiatives
– Coordination on security and defense issues
– Influence on international trade agreements
