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Prof. Dr. Andreas Freytag from the Faculty of Economics and Business Administration, Chair of Economic Policy at the Friedrich Schiller University Jena guides through the complex dynamics of global governance and introduces his recent book “The Elgar Companion to the G7: 50 Years of the G7.”

Drawing on his long-standing research in international political economy, Prof. Freytag explores the historical development and enduring relevance of the G7 as an informal yet influential platform for international cooperation. He explains how the G7’s unique structure enables open dialogue and flexible coordination among leading economies. At the same time, the conversation addresses key challenges facing the G7 today, including transboundary issues such as climate change and financial crises, shifting global power dynamics and the increasing preference for bilateral over multilateral agreements. The discussion further highlights the G7’s achievements, such as coordinated responses to economic crises and debt relief initiatives, while also reflecting on its evolving role alongside institutions like the G20 and emerging groupings such as BRICS. Looking ahead, Prof. Freytag offers insights into how the G7 can remain relevant by strengthening international cooperation, upholding shared values, and adapting to an increasingly complex global landscape.

Join us as we explore how informal diplomacy, economic policy, and international collaboration intersect in shaping global governance today!