Group of seven (G-7),
Definition of Group of seven (G-7):
A group of Canadian landscape painters, officially established in 1920, who formed the first major national movement in Canadian art. Their work exhibited a bold and colourful expressionistic style.
A group of seven leading industrial nations, consisting of the US, Japan, Germany, France, the UK, Italy, and Canada.
Russia was formerly a member (when it was the Group of Eight or G-8), but was removed in 2014 when it annexed the region of Crimea illegally from the Ukraine. The European Union (EU) is sometimes considered to be a de-facto eighth member of the G-7, since it holds all the rights and responsibilities of full members except to chair or host the meeting.
The Group of Seven (G-7) is a forum of the seven countries with the world's largest developed economies—France, Germany, Italy, Japan, the United States, the United Kingdom, and Canada—whose government leaders meet annually on international economic and monetary issues. The Presidency of the G-7 is held by each of the member countries in turn.
Major economic powers (Canada, France, Germany, Italy, Japan, UK, and USA) whose leaders meet since 1986 one or more times every year to coordinate economic and monetary policies and to address relevant issues. G7 is the elite group from the membership of Organization for Economic Cooperation and Development (OECD).
How to use Group of seven (G-7) in a sentence?
- The G-7 is not an official, formal entity and, therefore, has no legislative or authoritative power to enforce the recommended policies and plans it compiles.
- The G-7 was formerly referred to as the G-8 because Russia, one of the original eight, was suspended from the group in 2014 after illegally annexing Crimea.
- The Group of Seven (G-7) is an intergovernmental organization that meets periodically to address international economic and monetary issues.
- G-7 countries include the U.S., U.K., France, Germany, Italy, Canada, and Japan.
Meaning of Group of seven (G-7) & Group of seven (G-7) Definition