G7

• What is the G7?

  An informal bloc of industrialised democracies
• Which countries are part of the G7?

  USA, Canada, France, Germany, Italy, Japan, UK
• What was the original purpose of the G7?

  To provide a forum for pressing economic concerns
• When was the G6 formed?

  1975
• When did Canada join the G7?

  1976
• What role does the EU play in the G7?

  Participates fully as a non-enumerated member
• What do supporters of the G7 argue about its membership?

  It promotes decision making due to homogeneity
• What do critics say about the G7's effectiveness?

  There is no follow-through and it excludes emerging powers
• What significant change occurred in the G7 in 2014?

  Russia was removed due to Crimea
• What is a strength of the G7?

  It provides a forum for liberal democratic economies
• Why is the G7's small size considered beneficial?

  It allows for intimate discussions and easier agreements
• What significant intervention did the G7 make in 1999?

  Cancelled $100 billion of debt
• What did the G7 do in 2005 at Gleneagles?

  Cancelled all debts of 19 countries
• What was the G7's response to the global financial crisis in 2008?

  They met to coordinate a response
• What pressure has the G7 put on Russia since 2014?

  To withdraw from Crimea
• How has the G7 transformed its focus since its inception?

  It now tackles poverty and development issues
• What criticism do anti-globalizers have of the G7?

  Its inability to tackle poverty and inequality
• What is a noted weakness of the G7 regarding its pledges?

  It has a bad track record of keeping pledges
• What was the agenda of the G7 meeting in 2021?

  COVID response and climate change targets
• What was the target missed by the G7 in 2021?

  Climate change target
• What did the G7 pledge regarding education in 2021?

  Global Partnership for Education funding
• What was the G7's commitment regarding vaccines in 2021?

  To provide 1 billion vaccines globally
• What corporate tax rate did the G7 reaffirm in 2021?

  15% global corporation tax
• What climate target did the G7 reaffirm in 2021?

  1.5°C target
• How much funding did the G7 commit over 5 years for democracy?

  $2.75 billion
• What are the strengths and weaknesses of the G7?

  Strengths:

  • Forum for liberal democratic economies
  • Small size allows for intimate discussions
  • Important interventions in debt cancellation and aid

  
  

  Weaknesses:

  • Excludes emerging powers like China and India
  • Criticized for inability to tackle poverty and climate change
  • Poor track record on keeping pledges
• What were the G7s goals in 2024 after meeting in Apulia, Italy

  1. $50 billion for Ukraine
  2. Call for a comprehensive Gaza deal
  3. Accelerate green energy transition
  4. Launch the 'Apulia Food Security Initiaive' to improve food security