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1. The G7’s Geoeconomic Future: Insights from Conflicts with Russia, China, and Iran

Author:
Claudia Schmucker, Stormy-Annika Mildner, and Avi Shapiro
Publication Date:
05-2024
Content Type:
Commentary and Analysis
Institution:
German Council on Foreign Relations (DGAP)
Abstract:
In an increasingly conflictual global environment, the G7 has become a more and more important geoeconomic actor. Yet looking at the case studies of Russia, Iran, and China reveals that the geoeconomic role the G7 plays has been mixed. For the G7 countries to improve their geoeconomic impact, they need to align their interests and risk perceptions, as well as improve their ability to propose and enact geoeconomic measures. In addition, the G7 should bolster its partnerships with other democracies and like-minded countries.
Topic:
Partnerships, G7, and Geoeconomics
Political Geography:
Russia, China, Europe, Iran, Middle East, and Asia

2. Is the G7 still relevant?

Author:
Raffaele Trombetta
Publication Date:
03-2024
Content Type:
Commentary and Analysis
Institution:
LSE IDEAS
Abstract:
In the first of our new Expert Analysis series, former Italian Ambassador to the United Kingdom, Raffaele Trombetta, draws on his career experience to answer the question of whether the G7 is still relevant in today’s international order. Detailing a narrative of the G7’s history, confronting its challenges, and addressing its common criticisms, this paper deals with the alternatives (G20 and BRICS), as well as where the G7’s interests should lie in future relations with China and the African nations.
Topic:
Foreign Policy, Diplomacy, G20, G7, BRICS, and International Order
Political Geography:
Africa, China, Europe, and Asia

3. Japan’s Gradual Move to Address Technological Challenges to Democracy

Author:
Maiko Ichihara
Publication Date:
04-2023
Content Type:
Commentary and Analysis
Institution:
East Asia Institute (EAI)
Abstract:
Maiko Ichihara, a professor at Hitotsubashi University Graduate School of Law, explores the challenges that technological advancements pose to democracy and analyzes Japan’s recent efforts to regulate disinformation and protect private data. Despite the absence of global regulations on digital technology, Ichihara highlights Japan’s domestic fact-checking efforts as well as its multilateral initiatives with G7 to create action plans promoting international cooperation against disinformation and data privacy abuse. In order to bolster democracy in the digital realm, she advocates for a proactive development of counter-narratives to fake news on social media.
Topic:
Science and Technology, Democracy, Regulation, Privacy, Social Media, G7, Disinformation, Data Collection, and Digital Space
Political Geography:
Japan and Asia

4. From the G7 to D10: The U.S.-China Competition and the Complexity of the Clash of Systems within the Multilateral Order

Author:
Sook-Jong Lee
Publication Date:
07-2021
Content Type:
Commentary and Analysis
Institution:
East Asia Institute (EAI)
Abstract:
Upon the expanded G7 summit held in Cornwall, England, a joint statement was released, reflecting the participating democracies’ willingness to further advocate democratic values within the traditional multilateral rule-based system and prevent challenges to the liberal international order. Such behavior has drawn backlash from China. In this issue briefing, Sook Jong Lee, Professor at Sungkyunkwan University and Senior Fellow at EAI, explains the status of democracy and the role of democracies amidst the U.S.-China competition. The author stresses that the clash of systems between democracy and autocracy may create blocs in functional areas and force democracies positioned between the U.S. and China to opt for unrealistic choices. She argues that democratic values should be approached as universalistic values beyond the clash of systems. Furthermore, democracies in Europe and Asia must continue to protect democracy and strengthen independent regional cooperation among budding democracies for the promotion and advocacy of democratic values.
Topic:
Democracy, Multilateralism, Strategic Competition, and G7
Political Geography:
China, Asia, North America, and United States of America

5. Overheating debate: Why not in Japan?

Author:
Egor Gornostay and Madi Sarsenbayev
Publication Date:
06-2021
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
An intense debate has erupted over whether the unprecedented size of the US fiscal stimulus will cause the US economy to overheat and generate high inflation. To date, the debate has focused primarily on the United States, even though many other developed economies responded to the COVID-19 crisis with unprecedented economic stimulus packages. By some measures, Japan stands out: The total amount of its three consecutive stimulus packages is estimated to exceed 50 percent of its GDP, about twice as high as the US fiscal packages (about 26 percent of US GDP). However, overheating concerns are not being actively raised for Japan. This Policy Brief finds that although Japan’s headline number looks astonishingly high, the actual size of its discretionary fiscal measures is about 16 percent of GDP, substantially smaller than the total size of the US packages. US fiscal stimulus is the largest among Group of Seven (G7) countries relative to GDP, justifying the attention economists have given it. The United Kingdom is estimated to spend more than Japan as a proportion of GDP, but even the UK stimulus program markedly lags behind that of the United States. If additional stimulus measures making their way through the legislative process in Canada are counted, Japan’s fiscal stimulus looks even smaller and would amount to being only average in size among G7 countries. Given this and the lackluster performance of its economy in the first quarter of 2021, it is unlikely that Japan will find itself in overheating territory any time soon.
Topic:
Inflation, G7, and COVID-19
Political Geography:
Japan, Asia, North America, and United States of America