BRICS – a bloc or a bubble?

04-12-2014

BRICS stands for Brazil, Russia, India, China and South Africa. This heterogeneous group of five large countries each underwent dramatic economic growth in the past decade. Now they are forging links among themselves, are calling for greater recognition of their weight in international institutions and are creating a development bank. But is the group here to stay?

BRICS stands for Brazil, Russia, India, China and South Africa. This heterogeneous group of five large countries each underwent dramatic economic growth in the past decade. Now they are forging links among themselves, are calling for greater recognition of their weight in international institutions and are creating a development bank. But is the group here to stay?