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The G8 is an informal group of major industrialized nations that meet annually to discuss economic, trade, and political issues. The first summit was held in 1975, with Canada joining in 1976 and Russia in 1998. The G8 has no permanent seat or staff and no budget. The group aims to resolve conflicts, promote peace, strengthen the global economy, and promote cooperation between countries. Critics argue that the G8 is an elite group of superpowers with selfish interests, and many countries, including China and India, are not included. The last summit discussed topics such as the energy crisis, terrorist activity, and the war in Iraq. The United States is considered the dominant member of the group.
The G8 is an informal group made up of the major industrialized nations of the world. The leaders of each of the countries involved in the G8 meet once a year to discuss economic, trade and political issues. This annual meeting is known as the G8 Summit and is held in a different member country each year.
The first summit was held in 1975 at the request of the French government. At the time, there were only six nations involved: Germany, Italy, the United Kingdom, Japan, France and the United States. In 1976, Canada joined and the group was then known as the G7. Russia was the last to join in 1998.
The G8 has no permanent seat or staff. It also doesn’t have its own budget. When the face-to-face summit is held each year, the presiding country is responsible for all arrangements, including security. When the summit takes place, media attention on the country it presides over is fierce, and security is a top priority.
The summits have recently caused a lot of controversy. They are usually shrouded in secrecy for security reasons. Protests and riots occurred outside many G8 summit venues. In Italy in 2001 there was a major revolt due to the strong support for globalization by G8 members.
The fundamental objectives of the G8 are the resolution of conflicts and the promotion of peace among member countries. They also intend to strengthen the global economy and promote cooperation between countries on issues such as finance and trade. While countries can reach agreement on policies, the decision to act on these agreements is strictly voluntary.
There have been many critics of the G8 since its formation. Critics say the G8 is an elite group of superpowers and their interests are purely selfish. Many countries, including China and India, are not included in the G8. Many critics also question Russia’s validity as a member country. It has by far the smallest economy of all countries and its democratic development is questionable.
Topics discussed on the agenda of the last G8 summit included the energy crisis, terrorist activity and the war in Iraq. The war in Iraq has caused some major disagreements between member countries. Unofficially, the United States is considered the dominant member of the G8 group due to its political and economic power.
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