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The G7 was established as a reaction to the economical and political crises of the mid-nineteen seventies. Its further development towards a complex G7/G8-system becomes especially apparent in the example of politics of currencies and finance. The group’s possibilities to act effectively are increasingly proving to be limited; furthermore the group is not able to react adequately to criticism and protests coming from various social movements.

Die G7/G8-Gipfel in der internationalen politischen Ökonomie