by Colin Robertson
The American Conservative
June 22, 2018
It was supposed to be the summit where gender became a permanent issue on world leaders’ agenda, the way that climate change did at the 1988 Toronto G7. That was the personal goal of Canadian Prime Minister Justin Trudeau, as the World Bank reported that 130 million girls worldwide never get the opportunity to go to school. And while gender did get both attention and money at last week’s G7 meeting in Charlevoix, Quebec, it was mostly obscured by Donald Trump and growing concerns about a global trade war.
The G7 met amidst what the IMF assesses to be continuing strong economic performance in the Euro area and in Japan, China, the United States, and Canada, all of which grew beyond expectations last year. Still, there are plenty of challenges. G7 countries face aging populations, falling rates of labor force participation, and low productivity growth. They’re unlikely to regain the per capita growth rates that they enjoyed before the global financial crisis of 2008. All of that underscores the importance of the G7 as an institution. Now in its 44th year, the organization—consisting of America, Canada, Japan, France, Germany, Italy, and the United Kingdom—functions as a management board for the big liberal democracies.
Finance ministers before the summit were already expressing “concerns…that the tariffs imposed by the United States on its friends and allies, on the grounds of national security, undermine open trade and confidence in the global economy” and warning that G7 “collaboration and cooperation has been put at risk by trade actions against other members.”