G7

"Group of Seven" (G7) is a group of ministers and governors from economically advanced countries, including Canada, France, Germany, Italy, Japan, United Kingdoms, and United States.

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.

G7 functions following key principles of freedom and human rights, democracy and the rule of law, prosperity and sustainable development.

G7/G8 tries to solve problems of Africa (debt relief, humanitarian, and fighting malaria), climate (green energy - nuclear energy), Peace in Middle East, Counter-terrorism, Nonproliferation, Trading, Global Economy and Oil, etc.

Is G7/G8 even necessary? Should the world economy rely on strongest countries' economies? When specific countries leading the whole world, there will be unfairness, to some degree. Leaders will try to make their countries stronger and more stable. However, if no one leads the world economy, countries follow their own rules, there will be chaos. Putting pros and cons on scale, I, personally, prefer the presence of G7/G8.

There is information about China and India joining G7/G8. There are both good side and bad side. While developing countries joining G7/G8 will make G7/G8 decisions for objective, too many members will also cause controversy.