The Cracks in the BRICS
As it prepares to hold its latest annual summit, the BRICS grouping – Brazil, Russia, India, China, and South Africa – remains a concept in search of a common identity and institutionalized cooperation. In the coming days, we might find out whether the BRICS will ever be more than a catchy acronym with an annual boondoggle attached.
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NEW DELHI – As it prepares to hold its latest annual summit in New Delhi on March 28-29, the BRICS grouping – Brazil, Russia, India, China, and South Africa – remains a concept in search of a common identity and institutionalized cooperation. That is hardly surprising, given that these countries have very different political systems, economies, and national goals, and are located in very different parts of the world. Yet the five emerging economies pride themselves on forming the first important non-Western global initiative.