The Group of Five (G5) encompasses five nations that have joined together for an active role in the rapidly evolving international order.
Individually and as a group, the G5 nations work to promote dialogue and understanding between developing and developed countries.
In the 21st century, the G5 was understood to be the five largest emerging economies, and these are:
- South Africa
The G8 plus the five largest emerging economies have come to be known as G8+5.[
The Group of Five is a context-dependent shorthand term for a group of five nations.
The composition of the five and what is encompassed by the term is construed differently in different time frames.
Initially, the term “Group of Five” or “G5” encompassed the five leading economies of the world, but the use of the term changed over time.
It came to be used to identify the next tier of nations whose economies had expanded so substantially as to be construed in the same category as the world’s eight.