What The Expanding BRICS Universe Means For The Global Economy
With the most important multilateral groupings of the last few decades dominated by advanced Western economies, the propulsion of BRICS to the forefront of global influence seems to portend a seismic shift in the international economic order 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.