The international economic organization that is made up of leaders from the world's largest economies is known as the G7. "The group of 7" serves a forum of the world's major economies that share the main objective of developing global policies that will help with the world's challenges. The members of the G7 are the United States, France, Canada, Germany, The United Kingdom and Japan. These countries hold the seven largest and most advanced economies in the world. The European Union also has a representative in the forum.
There are a number of organisations whose members include the world's most powerful economies, but the G20 summits are when the leaders of the 20 most powerful economies to discuss and possibly decide on global economic policy