G7

The G7 is a group of seven major industrialized nations: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The organization was formed in 1975 as a response to the oil crisis and has since focused on promoting economic growth, stability, and cooperation among its member states. Recent developments include discussions on the impact of artificial intelligence on jobs, geopolitical tensions, and human rights issues in various countries, including Iran. The G7's relevance is significant as it provides a platform for these nations to address global challenges and promote collective action on issues such as trade, climate change, and security. However, the organization has faced criticism for its lack of representation from emerging economies and its perceived elitism.