MZIMU
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- Apr 29, 2011
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The Group of Eight (G8) refers to the group of eight highly industrialized nations-France, Germany, Italy, the United Kingdom, Japan, the United States, Canada, and Russia-that hold an annual meeting to foster consensus on global issues like economic growth and crisis management, global security, energy, and terrorism. The forum enables presidents and prime ministers, as well as their finance and foreign ministers, to candidly discuss pressing international issues. Its small and static membership, however, excludes emerging powers from important talks concerning the global economy and international security, and as an informal grouping, states have little leverage over other members with which to secure compliance on agreements beyond imposing reputational costs.
The Group of Eight (G8) originated in 1975 with a summit of six countries, then became the G7 when Canada joined. When Russia joined in 1998, it became the G8. Lawmakers have been calling for Russia's suspension from the forum ever since Russian troops reportedly moved into the Crimean peninsula over the weekend. U.S. secretary of state John Kerry warned Russia could be expelled and face economic sanctions on Saturday due to his country's "incredible act of aggression," The Guardian reports.
Russia and the G8
Russia formally joined the group in 1998, after steps toward democratization and years of gradual engagement with what was then the G7. With the Cold War over, several world leaders-particularly U.S. president Bill Clinton-encouraged Russia's inclusion as a gesture toward Russian president Boris Yeltsin. Russia had neither a fully liberalized economy nor Western-style democracy, but G7 leaders hoped Russia's inclusion would safeguard its democratic progress. Russia held the G8 presidency for the first time in 2006 and will once again assume the presidency in 2014, with the summit set to be held in Sochi, a Black Sea resort city that was host to the 2014 Winter Olympics.
Russia is not participating in what is called G 7 (formally G 8) meeting in the Hague. President Putin has declined the attendance and its chair is Empty.
The Group of Eight (G8) originated in 1975 with a summit of six countries, then became the G7 when Canada joined. When Russia joined in 1998, it became the G8. Lawmakers have been calling for Russia's suspension from the forum ever since Russian troops reportedly moved into the Crimean peninsula over the weekend. U.S. secretary of state John Kerry warned Russia could be expelled and face economic sanctions on Saturday due to his country's "incredible act of aggression," The Guardian reports.
Russia and the G8
Russia formally joined the group in 1998, after steps toward democratization and years of gradual engagement with what was then the G7. With the Cold War over, several world leaders-particularly U.S. president Bill Clinton-encouraged Russia's inclusion as a gesture toward Russian president Boris Yeltsin. Russia had neither a fully liberalized economy nor Western-style democracy, but G7 leaders hoped Russia's inclusion would safeguard its democratic progress. Russia held the G8 presidency for the first time in 2006 and will once again assume the presidency in 2014, with the summit set to be held in Sochi, a Black Sea resort city that was host to the 2014 Winter Olympics.
Russia is not participating in what is called G 7 (formally G 8) meeting in the Hague. President Putin has declined the attendance and its chair is Empty.