Sunday, July 09, 2006

The Increasing Irrelevance of G8

Interesting article about how G8 is becoming increasingly irrelevant by shutting out China and other fast growing large economies. China is already larger than 5 ( Britain, France, Italy, Canada and Russia) out of 8 G8 members and will likely surpass Germany as well very soon. Meanwhile, 5 other economies, namely Spain, Brazil, South Korea, India and Mexico are larger than that of the smallest G8 country (Russia), although Russia's surging oil revenues means it might surpass some of these. Spain is also larger than Canada.


Anonymous Ricardo said...

Spain is just a little over Canada, not enough to justify membership, but China definitely needs to bring the G8 to the G9.

6:24 PM  
Anonymous Ricardo said...

or replace Russia LOL.

6:25 PM  

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