Professional Documents
Culture Documents
Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States
History of the G8
The G8 began as the G6, which was founded in 1975 and consisted of the United Kingdom, France, Germany, Japan, Italy, and the United States. In 1977, Canada and the European Union joined the group to make it the G7. The G7 became the G8 when Russia joined in 1998. The G8 nations meet at their annual summit to tackle issues important to all member nations. They aim to identify ways to achieve their common goals, combat common threats and problems, and coordinate policies.
G8 Members
The Group of Eight (G8) refers to the group of eight highly industrialized nations--France, Germany, Italy, Great Britain, Japan, United States, Canada, and Russia--which hold a yearly meeting, the G8 Summit. Meetings are intended to foster consensus on global issues such as economic growth and crisis management, global security, energy, and terrorism. Because the G8 is limited in its membership and unable to force its members to comply with the summit's policies and objectives, some experts question its overall effectiveness.
When the group was originally formed in 1975, it was known as the G6, with France, West Germany, Italy, Japan, the United Kingdom, and the United States participating. The original group was intended to provide major industrial powers of the noncommunist world a venue in which to address economic concerns, which at the time included inflation and the recession sparked by the oil crisis of the 1970s. Cold War politics also invariably entered the group's agenda soon after its founding.
Currently, the G8 comprises its six charter members, in addition to Canada, which joined in 1976, and Russia, which became a formal member in 1998. The EU is a "non-enumerated" ninth member. Leaders from other countries are invited to the summit, but they are not participants. This has led to criticism of the G8 from some quarters as an outdated, U.S.dominated institution which fails to reflect the views or importance of vast economies like those of India, Brazil, China, and Mexico.
Is it an organization?
While there are no formal criteria for membership, member nations are generally expected to have highly-developed economies and be democracies. The G8, unlike the United Nations, is not an organization or institution, and there is no formal charter or secretariat.
Criticism of the G8
Criticism of the G8 extends well beyond Russia's questionable membership. Summits are often the target of anti-globalization protests. Some critics argue that the exclusivity of the group results in a focus on the needs of industrial rather than developing countries and that if actions are taken for the latter, they are inadequate. But Daniel Tarullo, a professor of law at Georgetown and President Clinton's former representative at several G8 summits, points out that the G8 wasn't intended to decide development policies. Another common criticism is the G8 is all talk and the summit just a photo-op, but, as noted above, the forum has allowed for leading nations to focus and aim for consensus on a variety of issues.
Consequent summit .G 20 .
The next G-20 Summit in London is scheduled for April 2009. In preparation for the G-20's second heads-ofstate meeting, the body created working groups to execute the summit's objectives. The G-20's action plan for reform created by the 2008 Washington summit pledged to implement the following: strengthening transparency and accountability; enhancing sound regulation; promoting integrity in financial markets; reinforcing international cooperation; and reforming the international financial institutions
G 15
The eighteen member states of the G15 are Algeria, Argentina, Brazil, Chile, Egypt, India, Indonesia, Iran, Jamaica, Kenya, Malaysia, Mexico, Nigeria, Peru, Senegal, Sri Lanka, Venezuela, and Zimbabwe.
WHY G 15
Established in 1989, the G15 hosts summits to address issues of great concern to developing countries, including trade, technology, and healthcare, as well as more overarching concerns like economics and security.
The G15s members include four subSaharan nations, six Latin American nations, three Middle Eastern nations, four Southeast Asian nations, and one Caribbean nation, and together they are broadly representative of most of the developing world.
AIM OF G 15
The G15 aims to address important issues that pertain to its membership and to provide international organizations like the United Nations and the Group of Eight (G8) with a unified message representative of developing nations.
Countering G15
As a counterpart to the G15, the G8 is composed of developed countries from North America, Europe, and East Asia.
Movement is to safeguard the independence and sovereignty of nations that refused to align themselves with a more powerful nation. However, the group was characterized by disagreements and dysfunction since some members, like Cuba, took sides in the Cold War and other members, like India and Pakistan, engaged in open warfare.
The Group of Fifteen was established in 1989 at the ninth summit of the Non-Aligned Movement. It currently consists of eighteen members and is headed by Iran, which assumed its leadership in 2006. The G15 deals extensively with issues of development and trade, issues that it pushes aggressively to the worlds industrial nations.
However, it also dedicates much of its time to discussing how to improve the standard of living in the developing world, either through the improvement of health care , education, or any variety of methods. Security concerns are also repeatedly raised by the G15s membership. For example, in the previous G15 summit (2006), the topics included the Millennium Development Goals, food security, gender inequality in education,AIDs, agricultural tariffs, and many others.
G 20
Currently, the group consists of 23 nations: Argentina / Bolivia/ Brazil/ Chile/ China/ Cuba/ Ecua dor /Egypt / Guatemala/ India / Indonesia /Mexico / Nigeria/ Pakistan/ Paraguay/ Peru/ Philippines/ South Africa / Tanzania/ Thailand/ Uruguay/ Venezuela / Zimbabwe
Establishment
Estd. In the year 1999 in the wake of Asian financial crisis to bring together major advanced and emerging economies to stabilize the global financial market.
MFN to G20
Since 2010on G-20 protectionism, the global tone shows little improvement. However the G-20, with its roster of advanced and emerging economies, is uniquely situated to arrest the eruption of protectionist measures, and revive the stalled agenda of the Doha Round. In this report we first describe the continued instances of G-20 protection and the commendable unwinding of some earlier measures. We then turn to policy responses and our recommendations.
Summits
To tackle the economic crisis that spread across the globe in 2008, the g 20 members were called upon to further strengthen international cooperation. Washington in 2008 London and Pittsburg in 2009 Toronto and Seoul in 2010.
2010 ..
country-led, consultative Mutual Assessment Process (MAP) Monetary and Exchange Rate Policies: Trade and Development Policies: Fiscal Policies: Financial Reforms: Structural Reforms: