Will BRICS make a sizable impact on the global economic order?

The BRICS (Brazil, Russia, India, China and South Africa) group has gained a lot of traction in the past few years. The five countries are some of the most powerful in their regions and together account for close to 40 percent of the world’s population. The group has regional powers, both nuclear weapons and non-nuclear weapons states as permanent members of the United Nations Security Council (UNSC) within it. The level of their political clout, the strength of their security forces and the stage of economic development vary among the five nations.  The recent global economic slowdown has had different effects, with Brazil and South Africa looking for new markets, the U.S. war on traffic has affected primarily China, but […]

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