DEFINITION of 'Group of Five – G5'

Group of Five is a label that was recently used to refer to Brazil, China, India, Mexico and South Africa, and prior to that, to a group of large Western European countries.

BREAKING DOWN 'Group of Five – G5'

Group of Five (G5) is a shorthand that follows a common pattern in diplomacy: national leaders will periodically convene summits labeled according to the number of countries participating – G8 or G20, for example. G5 was used in the 2000s to refer to the five largest emerging economies: Brazil, China, India, Mexico and South Africa.

This grouping has significant overlap with the more famous BRICS – Brazil, Russia, India, China and South Africa – which has gained prominence while the G5 has become inactive. The G5's website is no longer available, but an archived version from 2009 says the group "plays an active role in the transformation of the international landscape with the objective of promoting dialogue and understanding between developing countries and developed ones in order to find common solutions to global challenges" (translated from Spanish).

G5 is also the former name of the G6, a grouping comprised of Germany, France, the UK, Italy, Spain and Poland. The group was renamed when Poland joined in 2006.

 

 

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