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Group of Eight (G-8)

The G-7 countries plus Russia.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Group of Eight

An informal group composed of United States, Japan, Germany, the United Kingdom, France, Italy, Canada, and Russia (listed by nominal GDP). The European Union participates also but does not host or chair events. The G-8 members are the world's leading industrial democracies. Their leaders meet annually to discuss economic cooperation and other matters. The G-8 does not have a permanent secretariat, but rather gives an informal forum for leaders to meet and discuss ideas.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


The world's eight largest industrial countries, including Canada, France, Germany, Great Britain, Italy, Japan, Russia, and the United States. G-8 finance ministers meet annually to evaluate and coordinate economic policy.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
That is because in some G-8 countries, such as Italy and France, the economy is forecast to shrink this year.
Japanese Foreign Minister Fumio Kishida led the discussion on North Korea by briefing other G-8 partners about Pyongyang's provocations and telling that the G-8 will never accept North Korea as a nuclear power.
Tunisia's government said it was asking the G-8 for $25 billion over the next five years, and Egypt says it will need between $10 to $12 billion for the fiscal year that begins in July to cover its mounting expenses.
The main product of the G-8 summit was a partnership program aimed at supporting the countries' fragile political leadership and fighting corruption and stabilizing the economies.
Its findings demonstrate the G-8's leadership in catalyzing action, influencing policy and mobilizing resources to address global development challenges.
Second, the G-8 Summit communique simply did not mention the unmet commitments at all.
Post (June 28/02) criticized the G-8 requirements of African nations, noting scandals and corruption at the government level in each of the G-8 countries themselves.
The G-8, which groups Britain, Canada, France, Germany, Italy, Japan, Russia and the United States, ended the summit with adoption of the G-8 Africa Action Plan.
Energy ministers from Japan's G-8 partners -- Britain, Canada, France, Germany, Italy, Russia and the United States -- will assess situations surrounding international energy markets, including the tension in the Middle East and the suspension of Iraqi oil exports, and discuss emergency responses and measures to cope with long-term energy security issues.
The proposal is in line with an agreement made by the G-8 leaders at their summit in Okinawa, Japan, last July to help alleviate the global ''digital divide'' -- the gap between IT haves and have-nots.
''The new terminal building is expected to function as a gateway to Japan in greeting leaders of the G-8 nations participating in the summit next year,'' said Chief Cabinet Secretary Hiromu Nonaka, who is also the Okinawa Development Agency chief, in a telegraph sent for the ceremony.
ISLAMABAD -- CDA chairman Engineer Farkhand Iqbal has announced the opening of a food court for sector G-8 residents.