BRICS, the hitherto five-state grouping of emerging countries that, until now, included Brazil, Russia, India, China and South Africa, expanded in early 2024. This enlargement doubled BRICS’ membership to include authoritarian members Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE), but with Argentina desisting from joining after the election of President Milei. This is the first BRICS Read More…
Marta Canneri examines the BRICS, arguing for their continued relevance in a multipolar world.
Since the 2008 financial crisis, Emerging Market (EM) economies have been the major drive of economic growth; however, the engine behind the growth is beginning to sputter. Of the BRICS countries (Brazil, Russia, India, China, South Africa) who contribute 20% of global GDP, Brazil and Russia are both in recession while China has experienced dramatic Read More…