The Group of Five (G5) encompasses five nations which 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. The G5 seek to find common solutions to global challenges. In the 21st century, the G5 were understood to be the five largest emerging economies The G8 plus the five largest emerging economies has 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. Nowadays, the term tends to describe the next tier of nations whose economies had expanded so substantially as to be construed in the same category as the world's eight major industrialized countries. More information...
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