Financial TimesFinancial Times

G7’s renewal marks a new era defined by superpower rivalry

By Gideon Rachman

18 May 2023 · 4 min read

Editor's Note

The G7 summit, taking place in Japan, marks a transition from a period of world affairs dominated by economics and globalisation to a new era, writes Gideon Rachman. "Should we be worried?" he asks.

“The steering committee of the free world” is how Jake Sullivan, President Biden’s national security adviser, describes the G7.

And that description underlines the importance of the G7 summit that will take place in Hiroshima. The Ukraine war is still raging and may be reaching a crucial stage. Meanwhile, tensions continue to rise between China and the US. America is keen to co-ordinate with its democratic allies — such as Japan, the conference host — on both issues.

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