G7
 G7    | |
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| Member of | Business for Inclusive Growth |
The Group of Seven (G7) is an intergovernmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member." Representatives of other states and international organisations are often invited as guests, with Russia having been a formal member (as part of the Group of Eight) from 1997 to 2014.[1]
The G7 is organised around shared values of pluralism, liberal democracy, and representative government.
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G7 worth over $200 trillion
As of 2020, G7 members are large IMF advanced economies and account for over half of global net wealth (at over $200 trillion), 30 to 43 percent of global gross domestic product, and 10 percent of the world's population (770 million people). Members are great powers in global affairs and maintain mutually close political, economic, diplomatic, and military relations.
Originating from an ad hoc gathering of finance ministers in 1973, the G7 has since become a formal, high-profile venue for discussing and coordinating solutions to major global issues, especially in the areas of trade, security, economics, and climate change.
Hiroshima Summit
The G7 Hiroshima Summit took place in Hiroshima City during the three days from 19 to 21 May 2023.[2] President of the European Council Charles Michel and EU President Ursula von der Leyen joined Giorgia Meloni, Justin Trudeau, Emmanuel Macron, Fumio Kishida, Joe Biden, Olaf Scholz and Rishi Sunak at the G7 Summit.
China poses big challenge
In May 2023, in a speech at the G7 Summit meeting in Hiroshima, UK Prime Minister Rishi Sunak stressed that China presents the greatest challenge to global security and prosperity. He said:
- "China poses the biggest challenge of our age to global security and prosperity. They are increasingly authoritarian at home and assertive abroad."
China responds
China's MFA spokeswoman MAO NING responded:
- "Hearing this rhetoric, we can’t help but ask what the G7, as the wealthiest countries in the world, has visibly contributed to the wellbeing of developing countries? Why is the G7 so obsessed with smearing and disrupting the normal cooperation between developing countries?
- "If the G7 really cares about developing countries, they need to deliver their promises including spending 0.7% of their Gross National Income (GNI) as Official Development Assistance (ODA) annually and mobilising $100 billion per year for climate action in developing countries. They need to step up to more international responsibilities and obligations and do more concrete things for developing countries."[4]
Evo Morales comments
Evo Morales commented:
- "The G7 summit showed once again the dark warmongering vocation of the West and its almost natural link with war and death. Its leaders only talked and agreed to curb the development of China, to undermine the Russian military machine and to contribute more arms and money to Ukraine, a country that is being driven to an atomic catastrophe, under the baton of NATO and the US.
- "As if it were a shameful tragedy of history, the leaders of the G7 + EU met in Hiroshima, a Japanese city devastated by the first atomic bomb unnecessarily dropped by the US in August 1945, which caused the instant death of more than 130,000 Japanese.
- "How to understand this sinister return of arrogant nuclear powers, who want to continue leading the world, over the memory of a people they humiliated, crushed and left in ashes, without any mercy whatsoever?"[5]
Related Document
| Title | Type | Publication date | Author(s) | Description |
|---|---|---|---|---|
| Document:Rachel Reeves needs to develop some decent ideas very quickly | blog post | 25 May 2023 | Richard Murphy | Rachel Reeves is a person out of time, out of ideas, and right now with no answer to any question that might reasonably be asked of her. It's very depressing. |
