The G8 is an informal club of the economic and political allies of the United States. Each year a G8 summit is held in which the leaders of the countries gather for discussion in an intimate setting, generally with only a minimal entourage. G8 has become an informal part of the Bretton Woods system

The first meeting was held in 1975 in Rambouillet, France. Since then, the group has grown to eight countries, and the process has evolved from a forum dealing essentially with macroeconomic issues to an agenda that addresses a wide range of international economic, political, and social issues.

In Recent Years, G8 Summits have attracted demonstrations by the anti-globalization movement.