The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
Friday, July 20, 2018
South Africa to Celebrate ‘Mandela Spirit’ at Johannesburg BRICS Summit
As South Africa gears up to host the 10th annual BRICS Summit next week, just days after the country marks the birth centenary of its first elected president and global statesman Nelson Mandela, the spotlight remains on how the bloc’s five emerging economies can deliver more benefits to people of Africa in line with the “Mandela Spirit” of building a just and equitable international order
Former Goldman Sachs chief economist Jim O'Neill has said he still firmly believes in the potential of emerging economies represented by BRICS.X O'Neill coined the acronym BRIC, which refers to Brazil, Russia, India and China as emerging economies with fast growth and great potential