Group of Eight countries are the international political club.The Group of eight combined governments of democratic states.Some sources say that the "Group of Eight" - a sort of core informal mechanism to coordinate political, financial and economic policies of the modern world.Associated with the union as "board of directors", which is included in such developed countries as the USA, Germany, Italy, Canada, Japan, France, Britain, Russia, the European Union.The role of the "eight" in society is determined by the level and the potential of entering into it.
Group of Eight countries do not have their own headquarters, as well as charter and the secretariat.In comparison with the World Economic Forum, the association and the department does not have, even on the internet site.Despite this, the Group of Eight is on the same level with organizations such as the OECD, WTO, IMF.
History of the Group of Eight
History of this association is not accidental.This event contributed to many international events in the 70s of the last century.Firstly, it is the collapse of the financial system of Bretton Woods, unsuccessful attempts to reformation of the IMF and the World Bank.Second, in 1972, was the expansion of the European Union, which led to changes in the economy of the West.The third factor was the oil crisis of '73, which led to disagreements among Western countries and OPEC.And finally, the final reason was the economic recession in 1974 in the OEESR.Followed by a recession inflation and unemployment.
These and other conditions indicate that the world and the society needed a new mechanism that would be able to reconcile the interests of the West.For the first time the finance ministers of the United States, Britain, Germany and France met in 1973.Later they were joined by Japan, two years later France.In 1975 among the association it was, and Italy, and later the European Union.
Russia first participated in the summit in 1996.This year the meeting were held in Moscow.By unwritten rule, all summits are held annually by turns in each country.The last summit, which took place in our country took place in 2006 in St. Petersburg.
There is a definite periods, characterized by the development association.Group of Eight countries have had very ambitious plans for the future in 1975-1980 in the field of economy.Later (in the 80s) increased their interest in the non-economic issues.The period from 1989-1994 ("Perestroika") was characterized by the decision of debt and trade issues.However, questions are relevant for the environment, drugs and corruption.And the last step to date in 1995 marked the reform of international institutions.
The present composition of the Group of Eight expanding and will increase in the future.As they say themselves participating countries, the largest economic forum will be the future of the summit Big Twenty, which will bring together all the world leaders.This will build a new well-balanced economic system reform finance and raise living standards in many developing countries.
main topics that are usually affected by the summit: energy crisis, international trade, unemployment, inflation, the oil crisis, the problem of the refugees of the East, international terrorism, the environment, the economic crisis, relations between the West and the East, the globalization of the economy and so on.d.
In the early twenty-first century, the Group of Eight countries hold their annual summits.At meetings of the finance ministers meet, the officials, the international press and other representatives of the world economy and politics.
