G7

The G7, or Group of Seven, is an intergovernmental organization made up of seven of the world's largest advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Established in the 1970s, it serves as a forum for these countries to discuss and coordinate economic policy, address global challenges, and promote international cooperation. The G7 holds annual summits where leaders discuss issues like trade, climate change, security, and development. While not a formal institution, it plays a significant role in shaping global economic governance and responding to urgent global issues.