Group of Eight

Group of Eight definition - finance
A group of major industrial countries that was started in 1994 when Russia joined the Group of Seven (G-7) at the groupÂ’s 1994 Naples Summit. At that time, and in 1997 at the Denver Summit, Russia participated only in political conversations, not economic ones. However, Russia joined as a full member in 1998 at the Birmingham Summit. The other member countries are the U.S., the U.K., Canada, Japan, France, Germany, and Italy.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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