Solidarity for peace – The G-7 must build a global consensus on the world’s challenges

Source: The post is based on the article “Solidarity for peace – The G-7 must build a global consensus on the world’s challenges” published in The Hindu on 23rd May 2023.

Syllabus: GS – 2: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.

Relevance: About Hiroshima G7 Summit.

News: Recently, Hiroshima G7 Summit occurred.

What are the key observations taken at the Hiroshima G7 Summit?

Japan brought all G-7 members with the EU leadership to the peace memorial for the victims of the 1945 atomic bombing. The grouping issued a special “Hiroshima Vision Statement on Nuclear Disarmament”.

The G-7 members issued a separate statement on Ukraine, hitting Russia with more sanctions, but failed to highlight a path towards dialogue and ending the war.

The members also recognised G-7’s role in various areas. Such as transparent financing and debt sustainability for the developing world, compensating for the developed world’s contribution to global warming and greenhouse gas emissions, etc.

But the summit failed to propose concrete measures to help defray these responsibilities.

What is G7?

What are the concerns raised against the G7 grouping?

Holds only Euro-American worldview: After G7 expelled Russia over its annexation of areas of Georgia in 2008 and then Crimea in 2014, its worldview has been contracted.

What should be done?

The G-7 must build a global consensus on the world’s challenges and also include some of the world’s largest economies (China and India) or the fastest-growing GDPs, or the biggest global energy providers.