What is the G7, and is it still relevant? | CNBC Explains

The G7 or Group of Seven is an organization made up of world’s “most influential” and “advanced” economies. Every year, the leaders of the United States, United Kingdom, Canada, France, Germany, Italy and Japan gather to talk global affairs. But why seven countries and what does the group actually do? CNBC’s Silvia Amaro is joined by Steve Sedgwick to explain.

Contents of this video:
0:00 - Intro
0:22 - What is the G7?
1:29 - Why 7?
2:11 - G7 in history
3:03 - What about the G8?
3:51 - Could others join?
4:24 - Creating the G20
5:42 - G7 vs. G20
6:55 - Does the G7 work?
8:25 - What's next for the G7?


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