Miscellaneous Current Affairs

Miscellaneous current affairs that involves politics, sport, economy and technology on the domestic as well as global scale. The present study is going to outline the key discussion of the BRICS Summit based on its importance on a global scale. The study is also aiming to present the concept of G7 countries on a global scale. The G7 and G10 countries are the global leaders that control global business by understanding the market and its holdings successfully. So, the study has compared the G7 and G10 countries and their roles in the context of the involvement of these countries in current affairs worldwide. 

What are miscellaneous current affairs and its importance? 

Miscellaneous current affairs are the collections of recent incidents that involve recent incidents in sports, politics, religion and other significant parts of day-to-day life. These affairs are characterized to have a broad impact on the daily lives of human beings that can impact their lives successfully. In this scenario, the miscellaneous current affairs do not involve any particular type or form of news and affairs for presentation. Instead, it involves discussing matters that have a short or long-term impact on the lives of human beings in recent times. 

Discussion on the BRICS Summit 

The BRICS Summit is a global gathering that is concerned about economic growth and its issues on a global scale. The summit is all about fostering economic growth based on a vision of an innovative future. The BRICS Summit has recently attained worldwide exposure based on its key areas of focus that helps in resolving global and domestic issues with utmost agility. The summit prioritizes the strengthening and development of technology, science and innovation on a broader margin. The summit also aims to improve and enhance cooperation and involvement in the digital economy. The 13th BRICS summit was hosted by India in order to resolve the consolidation, consensuses and continuity of the digital economy on a global scale. 

What are the G7 countries? 

The G7 is a group of 7 countries that operate on a global scale in terms of leading the world in terms of attaining advanced economies successfully. The seven members of the G7 group have distinctive characteristics that involve strengthening the world economy and getting benefited from it in terms of remodeling the country’s economy successfully. Some of the key operating countries of the G7 are:

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

Recently, after Brexit happened, the European Union has entered the G7 group based on its capability to handle global economic issues successfully. 

A simple guide to G10 countries 

The G10 countries are an international organization that officially observes the activities of the global market and its impact on the global economy. These countries are generally proactive in terms of making proper decisions against the identified global economic issues that are affecting the world on a broader margin. Countries like Belgium, France, Italy, Germany, Switzerland, United Kingdom, Netherlands, United States, Japan and Canada are involved in the G10 group. 

The difference between G7 and G10 countries 

G7 and G10 countries are two of the cornerstones of the world economy, especially in times when the world suffers from a major economic crisis. The G10 countries are characteristically more powerful than the G7 countries based on the involvement of countries within this group. Further, the executive board of the G10 board is more powerful than the G7 group based on the sufficient power to impose views and voting powers of the countries on a global scale. 

Roles and responsibilities of the G7 and G10 countries 

The G7 and G10 countries serve the purpose of strengthening the world economy by altering the market and its involvement within the global market. These countries form an agile forum that follows international market activities and observes businesses in terms of their economic involvement in the global market. Further, these countries control the thread of economic development of the global market in terms of gaining exposure to the further development of the digital economy.

Conclusion 

In conclusion, it can be derived that the world economy is heavily dependent on the G7 and G10 countries based on their involvement in different activities on a global scale. In this scenario, the miscellaneous current affairs involve depicting facts and figures of the recent incidents and their impact on a larger scale. Further, it can be said that global summits like BRICS have a potential impact on the improvement of the world economy by altering the economic development in different countries on a global scale. Hence, it can be concluded that the involvement of these countries and their hosted summits can potentially improve the world economy successfully.