Grupo G8

The Group of Eight ('G8) is for the governments of eight of the world's largest economies. (It excludes, however, two of the actual eight largest economies by nominal GDP: China, 2nd, and Brazil,7th). The forum originated with a 1975 summit hosted by France that brought together representatives of six governments: France, Germany, Italy, Japan, the United Kingdom, and the United States, thusleading to the name Group of Six or G6. The summit became known as the Group of Seven or G7 the following year with the addition of Canada. In 1997, Russia was added to the group which then became knownas the G8.[1] The European Union is represented within the G8 but cannot host or chair summits.[2]
"G8" can refer to the member states in aggregate or to the annual summit meeting of the G8 heads ofgovernment. The former term, G6, is now frequently applied to the six most populous countries within the European Union. G8 ministers also meet throughout the year, such as the G7/8 finance ministers(who meet four times a year), G8 foreign ministers, or G8 environment ministers.
Collectively, the G8 nations comprise 51.0% of 2011 global nominal GDP and 42.5% of global GDP (PPP). Each calendaryear, the responsibility of hosting the G8 rotates through the member states in the following order: France, United States, United Kingdom, Russia, Germany, Japan, Italy, and Canada. The holder of thepresidency sets the agenda, hosts the summit for that year, and determines which ministerial meetings will take place. Lately, both France and the United Kingdom have expressed a desire to expand thegroup to include five developing countries, referred to as the Outreach Five (O5) or the Plus Five: Brazil, People's Republic of China, India, Mexico, and South Africa. These countries haveparticipated as guests in previous meetings, which are sometimes called G8+5.
With the G-20 major economies growing in stature since the 2008 Washington summit, world leaders from the group announced at their...