International Business: Economic Region

Group of 8 (G8)

Group of Eight (G8) (formerly Group of Seven, G7) Eight nations that meet for an annual economic summit meeting. In 1975, the heads of government of what were the world's seven wealthiest nations – the USA, Japan, Germany, Britain, France, Canada, and Italy – met in the first of these meetings. The changing world economy led other countries to seek membership. In 1997, Russia was formally admitted to the group. http://www.g8.gc.ca
"Group of Eight" World Encyclopedia. Philip's, 2005. Oxford Reference Online. Oxford University Press. Boston University. 8 January 2006