You can expand the curious organisation called the BRICS, but you can’t define it. In fact, it’s hardly even an organization: no headquarters, no ...
Russian President Vladimir Putin and Indian Prime Minister Narendra Modi attend a meeting on the sidelines of the Shanghai Cooperation Organization summit in Samarkand, Uzbekistan Sept.16, 2022, where they discussed the planned expansion of the BRICS group of emerging economies - comprising India, Russia, China, Brazil and South Africa.
In the famous paper he wrote, he called them BRICs – lower-case ‘s’ – and moved on to a series of other interesting jobs on the strength of that idea. South Africa is way out of its league, with only a quarter of the population of the smallest of the rest, Brazil, so its membership in the BRICS enhances its visibility at virtually no cost to itself. It’s much harder to see what the others get out of it, other than free annual trips to points of interest in the other BRICS for ‘summits’ that are just talk-fests.
Argentina and Egypt are economic basket-cases. Saudi Arabia and the UAE are very rich countries that live on oil. Iran is an increasingly fragile theocracy with a heavily sanctioned and decaying economy.
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