Sunday, September 28, 2008

Italy Aims to Expand G-8 to G-14, to include China, Brazil, India etc.

The ANNOTICO Report

 

When Italy assumes the rotating Presidency of G-8, next year, the Italian Economic Minister Giulio Tremonti will champion for the addition of China the 4th largest world economy, and five other countries that compose the top 14 Economies. (See List below-World Bank-2007).

 

G-8 -  United States,Japan, Germany, United Kingdom, France, Italy, Canada, Russia,

Additional 6 - China, Spain, Brazil, India, South Korea, Mexico.

 

I must assume that the article incorrectly includes South Africa, (the 30th largest economy) instead of South Korea ( the 13th largest)

 

Italy Aims to Expand G8 to include China, India, Brazil

 

Reuters

Sun September 28, 2008

ROME (Reuters) - Italy will champion the expansion of the Group of Eight leading industrial nations to include countries such as China, India and Brazil when it assumes the G8 presidency next year, its economy minister said.

"We can no longer wait ... to transform the G8 into the G14, to let China enter, to let India enter, to let South Africa, Mexico and Brazil enter," Giulio Tremonti said.

Tremonti earlier this month also said Italy aims to use its G8 presidency to spearhead new rules to avoid financial crisis such as the current one. He singled out tax havens and false accounting as two areas where tighter regulations were needed.

http://in.reuters.com/article/topNews/idINIndia-35695220080928

 

 

 

1

 United States

13,811,200

?

  Eurozone

12,179,250a

2

 Japan

4,376,705

3

 Germany

3,297,233

4

 China (PRC)

3,280,053

5

 United Kingdom

2,727,806

6

 France

2,562,288b

7

 Italy

2,107,481

8

 Spain

1,429,226

9

 Canada

1,326,376

10

 Brazil

1,314,170

11

 Russia

1,291,011

12

 India

1,170,968

13

 South Korea

969,795

14

 Mexico

893,364

 

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

 

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