Monthly Archives: October 2011

The Evolution of Global Economic Governance: G7 to G8 to G20

First constituted in 1975 as a G-6 meeting of advanced economies’ finance ministers, Canada joined the following year, making it a G-7. Beginning in 1994, G-7 meetings were followed by ‘political’ meetings, to which Russia was invited. Russia became a full member of the G-8 in 1997. It participated in all discussions, bar some that related to financial issues. Until 2003, the G-7 continued to meet separately in advance of the G-8. Continue reading