The G7 Summit, once the world’s leading forum of wealthy democracies, faces questions about its role in today’s global economy. In 2025, South Korean President Lee Jae-myung’s invitation to the G7 in Canada highlights Asia’s growing economic influence. Supporters argue the G7 still shapes key global agendas—on trade, sanctions, green tech, and digital regulation—and serves as a venue where informal talks often lead to real commitments. The inclusion of emerging economies is seen as proof the group is adapting to new global dynamics. However, critics say the G20, with broader representation including China and India, now sets the pace for macroeconomic direction. They argue institutions like the WTO, IMF, and bilateral trade deals carry more weight, while G7 statements lack binding power. As global influence spreads, the question remains: is the G7 still a meaningful driver of economic decisions, or has it become more symbolic than strategic?

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Economy