The White House wants the G7 to build a ‘more fair and inclusive’ global economy – but unfairness and exclusion won’t be easy to solve

The White House wants the G7 to build a ‘more fair and inclusive’ global economy – but unfairness and exclusion won’t be easy to solve

In between toasting marshmallows and at the annual G7 summit, President Joe Biden will be turning his focus toward crafting a "more fair and inclusive" global economy, according to a released as part of the summit. It's a hefty order, but the White House's statement that the world's economy needs to be fairer and more inclusive amounts to an admission that the pre-pandemic status quo was neither. The G7 is a big deal. The gathering of leaders from seven prominent member countries includes, as , leaders from Canada, France, Germany, Italy, Japan, the UK, and the US meeting in person, joined by leaders from Australia, the EU, and South Korea. The communique drafted by these leaders ideally reflects the joint priorities of the world's biggest economies. In 2018, former President Donald Trump the group's communique and went on a tweetstorm about Canadian Prime Minister Justin Trudeau. Specific policies at the 2021 summit include the , which would discourage a "race to the bottom" by multinational companies. Instead of fleeing one country for another with more favorable tax rates, those companies would find a minimum tax wherever they go. Also on the table is sending up to $100 billion to countries