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G8s

G8s is an informal designation that is sometimes used to refer to the Group of Eight, a forum of major advanced economies that met annually to discuss global issues. The term is not official; most sources use G8 or, after 2014, G7. The group historically consisted of the seven largest advanced economies plus Russia, forming a context for high-level dialogue among peers.

History and membership: The G8 evolved from the G7, which originated in the 1970s as a forum

Purpose and activities: The G8/G7 operated as an informal summit of heads of government and ministers, focusing

Criticism and relevance: The format has faced criticism for limited representation and deliberations among a relatively

for
economic
policy
among
leading
industrial
nations.
Russia
joined
in
1997,
creating
the
G8.
The
eight
members
were
Canada,
France,
Germany,
Italy,
Japan,
the
United
Kingdom,
the
United
States,
and
Russia;
the
European
Union
participated
as
an
observer
with
a
consultative
role.
In
2014,
Russia’s
participation
was
suspended
by
the
other
members
following
the
annexation
of
Crimea,
and
the
forum
effectively
returned
to
the
G7
format,
with
the
EU
continuing
to
participate
as
a
key
partner.
on
macroeconomic
policy,
trade,
energy,
climate
change,
security,
development,
and
global
health.
In
addition
to
the
annual
leaders’
summit,
finance,
foreign,
and
other
ministers
met
to
craft
policy
responses
and
coordinate
international
initiatives.
small
group
of
advanced
economies.
With
the
rise
of
broader
forums
like
the
G20,
some
analysts
view
the
G7/G8
as
less
central
to
global
governance.
The
label
G8s
remains
a
nonofficial,
colloquial
reference
used
in
some
contexts.