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They like to put their heads together in order to be able to have a cooperative effort with each other in taking advantage of the poverty of possible competitors emerging from the lesser developed nations.

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15y ago

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What does the name G8 Summit mean?

It is a meeting of the Heads of Government from the eight countries in the G8.


How often do the g8 countries meet and what do they discuss?

The G8 countries meet once a year and discuss global events and how to better the world's issues.


What are group of 8 countries?

G8 is the group of the worlds richest nations: USA Japan Germany UK France Italy Canada & Russia. They have meetings to discuss economic policy. I think within 5 years China will be in this grouping.


What is G8 plus 5?

The G8+5 group of leaders consists of the heads of government from the G8 nations (Canada, France, Germany, Italy, Japan, Russia, the United Kingdom and the United States), plus the heads of government of the 5 Leading Emerging Economies (Brazil, China, India, Mexico and South Africa). Foundation The G8+5 group was formed in 2005 when Tony Blair, then Prime Minister of the United Kingdom, in his role as host of the 31st G8 summit at Gleneagles, Scotland, invited the leading emerging countries to join the talks. The hope was that this would form a stronger and more representative group that would inject fresh impetus into the trade talks at Doha, and the need to achieve a deeper cooperation on climate change. Following the meeting, the countries issued a joint statement looking to build a "new paradigm for international cooperation" in the future. Following the 33rd G8 summit Heiligendamm 2007, the chancellor Angela Merkel announced the establishment of the "Heiligendamm Process" through which the full institutionalization of the permanent dialogue between the G8 countries and the 5 Greatest Emerging Economies will be implemented. This will include the establishment of a common G8 and G5 platform at the OECD. Source courtesy of http://en.wikipedia.org/wiki/G8%2B5


The Group of economies what is the name?

G8 summit


What is the full form of g8?

The Group of Eight.


What is the G7 and how does it differ from the G8?

The G7 is a group of seven major advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The G8 included the same members as the G7, plus Russia, making it a group of eight countries. Russia was suspended from the G8 in 2014 following its annexation of Crimea, leading to the G7 reverting back to its original composition.


What is difference getwreen G7 and G8?

If talking about finance then G8 refers to the group of 8 leading economies in the world. formerly there were 7 in the group, thus the G7.


Is China in the G8?

Not yet. The G8 countries are Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States.


What does G8 mean?

It's a group formed of the eight countries with the world's largest industrialized economies: United States, Russia, Japan, Canada, Germany, France, Italy, United Kingdom. The heads of all the countries in the group meet at least once a year in a summit that rotates among the member countries.


Why is London a world city?

Because it is the capital of one of the G8 countries.


What does the g in g8 mean?

The "g" in G8 stands for "group," referring to the group of eight major advanced economies: Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States. The G8 was formed to facilitate discussions and cooperation on global economic issues, political challenges, and security concerns among these nations. The "G" is often used in similar contexts for other groups, such as G7 and G20, indicating a collective of countries working together on specific issues.