G7, What is G7, Written in description.

Описание: -G7 stands for “Group of Seven” industrialized nations.
-It is an intergovernmental organisation that was formed in 1975.
-The bloc meets annually to discuss issues of common interest like global economic governance, international security and energy policy.
-The G-7 does not have a formal constitution or a fixed headquarters. The decisions taken by leaders during annual summits are non-binding.
-G-7 countries include United States, Canada, France, Germany, Italy, Japan and the United Kingdom.
-Members share common values like democracy, respect for human rights and fundamental freedoms, free markets, and respect for international law.
-Together the member countries represent 31% of global GDP, 10% of the world’s population and 21% of global carbon dioxide emissions, according to the Summit website.
-When the group was created in 1975, they represented 70% of global GDP.
-China has never been a member, despite its large economy and having the world’s biggest population. Its relatively low level of wealth per person means it’s not seen as an advanced economy in the way the G7 members are.

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