Group of Seven

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Group of Seven (G-7)

The G-5 countries plus Canada and Italy.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Group of Seven

Also called G-7. An informal group composed of the United States, Japan, Germany, the United Kingdom, France, Italy, and Canada (listed by nominal GDP). The G-7 represents the world's leading industrial democracies. Their finance ministers/secretaries meet annually to discuss economic cooperation and other matters. The G-7 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
References in periodicals archive ?
Critique: Profusely and beautifully illustrated with superbly reproduced images of original paintings paired with full color photography imagery that is enhanced with the inclusion of an informed and informative commentary, "In the Footsteps of the Group of Seven" is inherently fascinating and consistently compelling read from beginning to end.
Yet, before it ever came to the big screen, this updated look at the Group of Seven was originally destined to become a book.
Meet the Group of Seven. Kids Can Press Ltd., Toronto, 1999.
Jubilee is calling for an end to these adjustment programs, but the Group of Seven, the International Monetary Fund and the World Bank continue to insist on restructuring as a condition of debt relief.
Although Canada's economy has lagged the US's for most of this decade, some economists are forecasting that in 2000 it will be the strongest among the Group of Seven Industrialized countries.
The accord made Japan the first among the Group of Seven industrialized countries to reach a bilateral agreement on China's bid to enter the Geneva-based world trade body.
The importance of improving the legal regime underpinning financial markets has been recognized by the finance ministers of the Group of Seven countries who, in 1997, agreed "to introduce, where necessary and appropriate, legislative measures to ensure the enforceability of sound netting agreements in relation to insolvency and bankruptcy rules to reduce systemic risk in international transactions." In this regard, it is important to ensure that financial market participants have the ability to terminate or close out and net financial market contracts and to realize on collateral pledged in connection with these contracts.
Nor does Washington want a Finance Minister not belonging to the Group of Seven to take part in G-7 meetings on behalf of the Euro zone.
Philip Hoffman shot Snow's photographic series for the Group of Seven's paintings on display, entitled Plus Tard.
This year marks the seventy-fifth anniversary of the official debut of the Group of Seven, Canada's best known and most influential artistic alliance.
The purpose of the Group of Seven is to coordinate monetary and fiscal policies in an effort to maintain a stable world economy--the effort is to be a harmonious one.
"The Group of Seven ministers have once again repeated their invented and absolutely ungrounded accusations in respect of Russia over Sergei Skripal's and his daughter Yulia's poisoning in Great Britain.