BRICS: A Bloc Without A Vision Or A Force For Change?
The term BRIC was coined by British economist Jim O’Neill in 2001 to describe four emerging economies: Brazil, Russia, India, and China. He did not envision them as a political bloc that would challenge the West’s dominance. He was only interested in their investment potential 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.