Rice University 1990 G-7 Economic Summit Site Director’s Records (Sally McKeag)

The 1990 Economic Summit, also known as the 16th G7 Summit, was held on the campus of Rice University from July 9th through July 11th. The G7 is an unofficial annual forum for the leaders of the richest industrialized countries: France, West Germany, Italy, Japan, the United Kingdom, the United States, and Canada. It also includes the President of the European Commission. The core participants in 1990 were Brian Mulroney, Prime Minister of Canada; Francois Mitterand, President of France; Helmut Kohl, Chancellor of West Germany; Giulio Andreotti; Prime Minister of Italy; Toshiki Kaifu, Prime Minister of Japan; Margaret Thatcher, Prime Minister of the United Kingdom; George H. W. Bush, President of the United States; and Jacques Delors, President of the European Commission.

The summit was conceived as a venue for resolving differences among the G7 members and also as an opportunity for the members to give each other mutual encouragement in relation to difficult economic decisions. Issues discussed at this summit included the international economic situation, international monetary developments and policy, the international trading system, direct investment, export credits, reform in central and Eastern Europe, the Soviet Union, the developing nations, third world debt, the environment, and narcotics. Source: “16th G7 Summit“ Wikipedia, http://en.wikipedia.org/wiki/16th_G7_summit, accessed 7 January, 2013.