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Old 06-11-2018, 01:28 PM
 
2,123 posts, read 1,005,603 times
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Quote:
Originally Posted by Hightower72 View Post
The G7 opted to become more exclusive in a world that is increasingly multipolar, so its declining relevance is no surprise to anyone.

1. The group controls a diminishing, minority share of the global GDP (compared to the circa 85% enjoyed by the G20).
2. It cannot be considered truly international if China is not a member, and the exclusion of Russia was probably a mistake.
3. The Anglo-American realm is now pivoting against many of its ideological objectives, from border policies to climate change.





I think there are competent arguments both for and against Russia's inclusion in the forum.

Ultimately though, whatever the objective truth regarding the Ukraine, I would argue that the decision to exclude it is more appropriate to the unipolar era, when only a handful of powers directed the flow of the geopolitical narrative.

That was easy to do when news sources were subject to stringent control. Now the international community can appraise the complexities of geopolitical events from a multipolar lens, criticize diplomatic double standards and so on.
They are not being exclusive... maybe u should do some research first before posting... G7 and the European Union invited 12 countries (such as Bangladesh, Argentina, Vietnam, South Africa) to the summit. The G7 is no longer discussing issues concerning global economy, they have passed the torch to G20 a long time ago are u still living in the past? The G7 is dealing with issues such as gender equality and climate change
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Old 06-11-2018, 02:03 PM
 
1,173 posts, read 680,770 times
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Quote:
Originally Posted by Daywalk View Post
They are not being exclusive... maybe u should do some research first before posting... G7 and the European Union invited 12 countries (such as Bangladesh, Argentina, Vietnam, South Africa) to the summit. The G7 is no longer discussing issues concerning global economy, they have passed the torch to G20 a long time ago are u still living in the past? The G7 is dealing with issues such as gender equality and climate change
We don't usually think of an outreach family as part and parcel of the G7/G8. They are usually appointed less time and priority (around 2-3 hours as far as I'm aware) than meetings and discussions exclusive to the core group during the summit.

What do you think they were discussing a few days ago when Trump bodyslammed the G6 on live TV? Were they arguing over who put Dulcolax in Justin Trudeau's soy milk, or did their disagreement have something to do with economics?
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Old 06-11-2018, 02:08 PM
 
Location: White Rock BC
161 posts, read 351,436 times
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China cannot be admitted to the G7.

Not only is China a military dictatorship and hence economically it is not a free economy. China does not have a free-floating currency and is a state controlled economy which is the exact opposite of the G7 economies. The huge size of it's economy is not the point.

Certainly India has the potential of gaining membership as it is a free economy, has a floating currency, and is a democracy but under no stretch of the imagination is it an advanced economy so at the moment doesn't qualify.

You guys also have to remember that this an exclusive club and no one has the "right" to join at all. This is a group of countries that get together and help form economic and social policy and they are under no responsibility to invite anybody at all. It's a private party and they are free to invite or not invite anyone they damn well please. France has no "right" to join NAFTA, Japan has no "right" to join Mercosur, and China, India, Australia, Indonesia, or Bolivia for that matter has no "right" to join the G7.
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Old 06-11-2018, 02:19 PM
 
Location: White Rock BC
161 posts, read 351,436 times
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As far as the G7 no longer being relevant, that is rubbish. Just the fact that a G7 meeting gains worldwide attention proves otherwise. The G20 meeting make the business section not the front page. I'm not saying the G20 is unimportant at all but it is the g7 that still sets economic and social policy due to their large advanced economies, home to the world biggest stock exchanges, home to the world's largest banks and financial institutions, and have large sway on international affairs.

Just the fact that other countries want to join the club speaks volumes about how powerful it still is. Countries are like people, they don't join clubs because they have nothing better to do but rather because they see it as advantageous and the fact that nearly every country on the planet would love to be part of the G7 exemplifies how powerful the group is. This is also why the G7 will never get expanded because by giving a new country more power it automatically means the current ones have less.
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Old 06-11-2018, 02:24 PM
 
1,173 posts, read 680,770 times
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Quote:
Originally Posted by ssiguy View Post
Not only is China a military dictatorship and hence economically it is not a free economy. China does not have a free-floating currency and is a state controlled economy which is the exact opposite of the G7 economies. The huge size of it's economy is not the point.
And there's the dilemma.

The G7 either becomes less stringent in its membership requirements or it becomes less relevant in a multipolar world where EM economies with opaque governance and insalubrious environmental policies outpace the rest of the world in growth.

No-one has implied that G7 membership is a privilege or right. I'm not sure what this part of your post is addressing.
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Old 06-11-2018, 05:35 PM
 
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There should be a G3 too
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Old 06-11-2018, 06:03 PM
 
Location: Canada
4,670 posts, read 7,947,037 times
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Quote:
Originally Posted by grega94 View Post
One thing I find interesting is that the G8 are pretty much the same group of countries that formed the 8 nation alliance in the boxer rebellion.

G8 (1997-2014)
Canada
France
Germany
Italy
Japan
Russia
United Kingdom
United States of America

Boxer Rebellion (1899-1901)
Austria-Hungary (no longer exists)
France
Germany
Italy
Japan
Russia
United Kingdom (Canada was a British colony)
United States of America

Not at that time, no. We had transitioned over to being a self-governing dominion.
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Old 06-11-2018, 06:13 PM
 
Location: Seattle WA, USA
3,421 posts, read 1,647,868 times
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Quote:
Originally Posted by BIMBAM View Post
Not at that time, no. We had transitioned over to being a self-governing dominion.
Ok true, but Canada was still a puppet/client state since it was not in control of itís own foreign affairs.
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Old 06-12-2018, 12:09 AM
 
13 posts, read 2,321 times
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Quote:
Originally Posted by Bettafish View Post
There should be a G3 too
US, North Korea and Ukraine? lol
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Old 06-12-2018, 01:37 AM
 
2,123 posts, read 1,005,603 times
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Quote:
Originally Posted by Muhomor View Post
US, North Korea and Ukraine? lol
No... should be China, the United States and the European Union. These 3 economies account for more than 60% of global nominal GDP or 50% of global GDP (PPP)
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