NPR’s Planet Money had an interesting brief post a few days ago titled “The G8 Still Exists!” The title portrays the situation fairly accurately; don’t forget the still powerful G8. To those who don’t know, the G8 is comprised of the United States, United Kingdom, Russia, Japan, Germany, France, Canada and Italy, and was the go-to group for any large scale decision not too long ago. Off late, China alone has amassed an economy larger than that of nine of the G20 nations, and other countries such as Brazil and India have stepped to the fore front of international policy. Though the G8 continue to control major global institutions, the broadening spheres of influences have given rise to the more comprehensive G20 which includes Argentina, Australia, Brazil, China, the EU, India, Indonesia, Mexico, Saudi Arabia, South Africa, South Korea, Turkey and the current G8. This group represents major players from across the globe, each wielding power unto their own, who in collaboration are in near total control of world affairs. Though some believe the G20 simply represents a transition group to a new G8 encompassing tomorrows superpowers, for now power rests in this large group.
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