Are we seeing the emergence of a new G7 that could challenge the current economic world order?

On Tuesday the International Monetary Fund released its latest World Economic Outlook, which revealed that a group of emerging markets’ GDPs have increased to a degree that they are now bigger then the original G7.
Gavin Jackson and Keith Fray of “The Financial Times” explore the notion of a hypothetical new G7, below is a link to their article.
http://m.ft.com/ftdata/2014/10/08/datawatch-a-new-g7/

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