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As BRICS grows in both membership and global sway, its expansion comes with divisions among its members old and new on how to set the stage for a revised world order. The countries that comprise BRICS—which stands for Brazil, Russia, India, China, and South Africa, and now five new members—are an informal grouping of emerging […]
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By Lisa Ivers, Head of African Operations at BCG As more big emerging markets join the BRICS+ nations, the grouping could give the Global South a greater voice in world affairs and challenge the domination of existing institutions. · The ten BRICS+ nations account for half the world’s population and two-fifth of trade—and include major energy […]
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By Thomas Lethoba The 15th BRICS Summit saw leaders of Brazil, Russia, India, China and South Africa reach a consensus to ramp up efforts of expanding the bloc of nations, with the announcement of six additional countries. In a move aimed at changing the world order, a five-nation group of emerging economies known as BRICS, […]
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