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BY-
HARPREET SINGH
ROLL NO. 18
Establishment
• The Group of Eight (G8) is an international forum for the governments of eight nations
of the northern hemisphere Together, these countries represent about 65% of the
world economy.
• Forum of world's major industrialized democracies
• 1973 oil crisis and subsequent global recession
• 1974 the United States created the Library Group, an informal gathering of senior
financial officials from the United States, the United Kingdom, West Germany, Japan
and Poland
• 1975 French President Valéry Giscard d'Estaing invited the heads of government
from West Germany, Italy, Japan, the United Kingdom and the United States to a
summit in Rambouillet - Group of Six (G6)
• 1976 Canada joined the group at the behest of U.S – group became known as the
Group of Seven (G7)
• The European Union is represented by the President of the European Commission
• Summit at the country that holds the Presidency of the Council of the European Union
- first United Kingdom in 1977
• 1994 Russia had separate meeting with leaders of the G7 after the main summit
• Russia formally joined the group in 1997, resulting in the Group of Eight (G8)
Member Countries
• France, Germany, Italy, Great Britain, Japan, United
States, Canada, & Russia
• The EU is a "non-enumerated" ninth member
• Leaders from other countries are invited to the summit,
but they are not participants
• The G8, unlike the United Nations, is not an organization
or institution, and there is no formal charter or
secretariat.
• Each calendar year, the responsibility of hosting the G8
rotates through the member states in the following order:
France, United States, United Kingdom, Russia,
Germany, Japan, Italy, and Canada.
Contd…
Unparalleled concentration of power and influence:
• In 1975, the G8 nations constituted 55 percent of global gross
domestic product (GDP); by 2004, this figure had decreased but still
it represents 44 percent of global GDP
• 4 nuclear powers
• 4 UNSC permanent members
• 49,8% of the world GDP
• 49% of the world trade
• 49.6% of the IMF quota
Objectives
• Africa
• Climate change
• Counter terrorism
• Non proliferation
• Supporting reform in the broader Middle East and North
Africa
• Global energy security
• Infectious diseases
• Education
• Growth and responsibility in the global economy
• Growth and responsibility in Africa
Contd…
is vital for
Norw ay
Denm ark
Australia
Belgium
Sw itzerland
Austria
Ireland
achieving
MDGs
Finland
Portugal
Greece
Luxem bourg
New Zealand
Remarkable Decisions
• The leaders agreed that the increase in
global average temperatures should not
exceed 2 degrees Celsius over pre-
industrial levels by 2020.
• They also set a long-term goal of cutting
greenhouse gas emissions by 50 per cent
worldwide, and by 80 per cent among
industrialized nations, by 2050.
Summits