A remarkable event occurred at the beginning of the year, to which few gave much attention. The GDP of the BRICS countries (Brazil, Russia, India, China and South Africa) surpassed that of the G7 countries (Canada, France, Germany, Italy, Japan, the United Kingdom and the United States) in terms of purchasing power parity Continue…
BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa. The growing economic might of BRICS countries, their significance as one of the main driving forces of global economic development, their substantial population and abundant natural resources form the foundation of their influence on the international scene.