G7 Countries (group of 7)

Syllabus: General Studies paper 2 ( international relations) Context: The meeting of g7 countries is going on in cornwall, england. The expectation from this meeting is to draw out a framework that is inclusive and resilient in nature. About G7: Formed in 1975in the aftermath of the 1973 oil crisis, the g7 then collectively produced 70% of the world’s gdp, a number that has dropped to 40% now The g7 became the g8 with russia’s admissioninto the group in 1998. But it reverted to the g7 in 2014, following russia’s annexation of crimea Over the years, the group has taken up a host of issues ranging from economic....Read More