Thứ Năm, 23 tháng 4, 2015

G7


Group of Seven (or G7) is a group of countries which are economically advanced and are considered leaders of the world. The group includes the US, UK, Canada, France, Germany, Japan, and Italy.



G7 was originally G6 ("Group of Six). Founded in 1975, G6 consisted of France, Germany, Italy, Japan, United Kingdoms, and United States. In 1976, Canada became the seventh member. Later, in 1998, under term of President Yeltsin, Russia joined the group, which changed into "Group of Eight" (G8). In 2014, because of the annexation of Crimea, Russia was forced to leave G8, which now becomes G7 again.


Many have raised the question whether or not China, India should be allowed to join the Group. They are rapidly growing countries with very robust economies. The G7 consists of countries with highly advanced economies, so why shouldn't China and India be allowed? Evidently, their economies have proven to be one of the best, and China and India's presences in the group would greatly augment the strength of the world economically.



Russia joined the group in 1998 creating G8 but was kicked out lately because of the intense political issues in Ukranine. Also to China and India, these two countries are considered whether should be aloowed to joined the group. The way I see it, the bigger the group expand, the more arguments they would have then spliting up into smaller groups with different perspective.

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