G7, G8, G19, G20 Who’s In Who’s Out

Russia has been booted out of the G8.  It’s a big deal, and now it’s a G7, so what is the G8, or the G7, or the G8+5 or the G20, and is it the G19 now?  And what does the G stand for anyway?

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Let’s start with the easy bit, G stands for “Group”, yes it’s that simple, this is a group, not a non-governmental organisation, just a group.  There’s no organisation, no offices, no staff.  Think of it like the most powerful book group in the world, except people don’t talk about books, they talk about issues that affect everyone on earth.

It was a group of 6 when it started out, the six biggest economies on the planet in 1975:

  • France
  • West Germany
  • Italy
  • Japan
  • United Kingdom
  • United States

Then Canada was invited along, because Canadians are nice.  Russia joined in 1998, but are sitting it out on the naughty step right now.  The EU gets a seat, but isn’t included in the number, four of the countries already come from the EU.  That G8 group accounted for half of the world’s GDP.

Then there was a +5, taking account of some of the fast growing and hugely populous countries.

  • Brazil
  • China
  • India  
  • Mexico
  • South Africa

You may recognise some of thee nations from our primer on the Brics, Pigs and Mints.

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The G20 brings in

  • Argentina
  • Australia
  • Indonesia
  • Saudi Arabia 
  • South Korea
  • Turkey

But when counting up to get to 20, the EU does get a seat this time around.

The 9 Characteristics Of A Successful Team

The implosion of Manchester United, live on TV, has been quite something to watch.  There’s many theories as to why it’s all gone so horribly wrong – Moyes is a bad manager, SAF left a superannuated team, the Glazers won’t invest, the players don’t care about the team, the FA and referees are conspiring against United, a gambling syndicate is behind it all.

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Any combination of these may be true, but looking at the team in action, and how they relate to each other in real time is interesting.  How many of these nine characteristics do you see regularly this season on the pitch?  How many do you see in your team?

Successful teams:

  • Are results orientated and work enthusiastically to achieve those objectives
  • Have realistic, achievable, measurable and agreed objectives
  • Balance the needs of the task, team and individual
  • Develop rational but flexible structures and use methods understood and accepted by all members
  • Have an appropriate mix of talent and members who address necessary team roles
  • Have leaders with a flexible style with the ability to apply style appropriate to situation
  • Have members who are committed to the team’s objectives and to each other
  • Communicate openly, frankly and work on the basis of consensus
  • Learn from success as well as failure, in terms of team synergy, individual satisfaction and task achievement.