The history of the G7/G8 group of capitalist nations

Hartford Web Publishing is not the author of the documents in World History Archives and does not presume to validate their accuracy or authenticity nor to release their copyright.

U.S.-Japan Trade Rift Looms Over G-7 Meet
By Laura Garza, Militant, 26 June 1995. Halifax meeting of Group of Seven. The trade dispute between Tokyo and Washington is evidence that diverging interests, not common goals and policies, will more and more mark the exchanges among these capitalist powers.
Summit of the Eight to meet in Denver
By Dennis De Maio, Peoples Weekly World 21 June 1997. The Summit of the Eight, formerly the Group of Seven (G7), will meet June 20 to the 22. Newly joined by Russia, leaders from the U.S., Canada, France, Britain, Italy, Germany and Japan will chart economic strategy to promote free market economies across the globe.
G7 nations try to halt slide to depression
By Janet Bush, London Times, 5 October 1998. Fear of a meltdown in world stock markets and depression has pushed the world's leading finance ministers to demand an urgent and coordinated response and call for immediate interest rate cuts and a rapid move towards the creation of a new international authority that would act to avert any future economic collapse.
G8 and Global Governance
By Tom Barry, Foreign Policy in Focus July 2001. The G8/G7, has situated itself at the center of global governance and exercise tremendous influence over the multilateral institutions of global governance. The G8/G7 has failed to advance solutions to the array of economic, political/security, and transnational issues and has contributed to it by supporting policy solutions that bypass the UN.
WFTU condemns killing of Italian youth and demands that G7 countries abandon policies of neoliberal globalisation which worsen the global eocnomic and social crisis
World Federation of Trade Unions, press release, 30 July 2001. The recent G7/G8 Summits in Genoa have failed to recognise that the current aggravation of the global economic and social crises result from the policies of neoliberal globalisation they themselves pursue and the policies which they impose on other countries through the IMF, World Bank and the IMF.