The G7 Foreign Ministers' Meeting in Capri, Italy, this week aimed to tackle global issues like the Ukraine crisis, AI, and climate change. But behind the diplomatic buzz, experts are asking: Is this once-dominant group fading into irrelevance?
Once a powerhouse controlling over 60% of the world's economy in the 1970s, the G7 now represents just 26.4% of global GDP. Meanwhile, emerging economies have surged to 50.1%, demanding a bigger seat at the table. \"The world isn’t playing by the old rules anymore,\" says Dong Yifan, a researcher at the China Institutes of Contemporary International Relations.
From Economic Heavyweight to Political Drama Club?
Critics argue the G7 has drifted from its original mission of economic coordination, instead amplifying geopolitical tensions. With the U.S. steering discussions toward security issues and 'camp politics,' the bloc risks alienating the Global South. \"The world needs cooperation, not division,\" adds Dong.
Rise of the East, Decline of the West? →
As Asia’s economic clout grows, calls for fairer global governance are getting louder. Can the G7 adapt to a multipolar world—or will it become a relic of the past?
\"The world isn’t playing by the old rules anymore,\" says Dong Yifan, a researcher at the China Institutes of Contemporary International Relations.
\"The world needs cooperation, not division,\" adds Dong.
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