G8 and G77: Membership and Global Impact
G8 AND G27
G8 stands for “the group of eight” most industrialized, developed and richest countries in the world. In other words, it is an inter-governmental organization composed of the eight wealthiest developed countries on earth. The eight countries are: Canada, France, Germany, Italy, Japan, Britain, Russia and the United States. Russia is suspended from the organization in 2014 till date (when this research is being conducted) due to her roles in Ukrainian crisis with led to the annexation of Crimea by Russia which violates the sovereignty of Ukraine. Presently, G8 is made of 7 countries which made some analysts to refer to it as G7, but since Russia is not expelled from the group, the suspension will be lifted in due time.
The G8 was originally known as the G6, later as the G7 before it metamorphosed into G8 (Obi, Ozor, and Nwokoye 2008:141). According to Bird (cited in Obi, Ozor and Nwokoye, 2...