10 Facts About G8

The G8 countries were not strictly the largest in the world nor the highest-income per capita, but they do represent the largest high-income countries.

Each calendar year, the responsibility of hosting the G8 was rotated through the member states in the following order: France, United States, United Kingdom, Russia, Germany, Japan, Italy, and Canada.

At the 2009 L'Aquila summit, the G8's members promised to contribute $22 billion to the issue.

The G8 officials agreed to pool data on terrorism, subject to restrictions by privacy and security laws in individual countries.

At the Heiligendamm Summit in 2007, the G8 acknowledged a proposal from the EU for a worldwide initiative on efficient energy use.

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In July 2005, the G8 Summit endorsed the IPHE in its Plan of Action on Climate Change, Clean Energy and Sustainable Development, and identified it as a medium of cooperation and collaboration to develop clean energy technologies.

One type of criticism is that members of G8 do not do enough to help global problems, due to strict patent policy and other issues related to globalization.

In 2012 The Heritage Foundation criticized the G8 for advocating food security without making room for economic freedom.

G8's relevance has been subject to debate from 2008 onward.

The G8 is a group of like-minded countries that share a belief in free enterprise as the best route to growth.