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What is this mysterious association of countries ?

The BRICS: Understanding who they are and what their goals are

By Raphael LopesPublished 2 years ago 3 min read

The BRICS: Understanding who they are and what their goals are :

Since the turn of the 21st century, the BRICS have emerged as a significant economic and political force on the world stage. This group of five developing countries - Brazil, Russia, India, China and South Africa - represents almost half of the world's population and a quarter of the world's gross domestic product (GDP). The term "BRICS" was coined in 2001 by economist Jim O'Neill, who predicted their rise to prominence in the global economy. In this article, we will explore who the BRICS are and what their common goals are.

  • Who are the BRICS?

The BRICS are a group of five countries that have common economic and geopolitical characteristics. Each of these countries is considered an emerging economy, with significant economic growth potential and growing geopolitical influence. Here is a brief presentation of each member of the group:

Brazil: Brazil is the largest country in South America and has a diversified economy, centered on agriculture, industry and services. It also has significant reserves of natural resources.

Russia: Russia is the largest country in the world, rich in natural resources, especially gas and oil. It also has a powerful military and technological industry.

India: India is the second most populous nation in the world and home to a rapidly growing economy driven by its information technology, service and manufacturing sector.

China: China is the most populous nation on the planet and is now the world's second largest economy by GDP. It has become a key player in global trade and foreign investment.

South Africa: South Africa is the smallest economy of the BRICS, but it is a key economic player in sub-Saharan Africa and has significant mineral resources.

  • What are their common goals?w

The BRICS have common goals that stem mainly from their status as emerging economies and their desire to play a more active role in world affairs. Here are the main goals they seek to achieve together:

Strengthening economic cooperation: The BRICS seek to strengthen their economic ties by promoting trade, foreign direct investment and financial cooperation. They established the New Development Bank (NBD), also known as the BRICS Bank, to finance infrastructure and development projects in member countries.

Reform of international institutions: The BRICS often consider that international financial institutions, such as the International Monetary Fund (IMF) and the World Bank, do not adequately reflect the evolution of the world economy and the voice of developing countries. They plead for a reform of these institutions to give them a fairer place.

Political dialogue and coordination: The BRICS seek to strengthen their political cooperation by discussing global issues such as climate change, the fight against terrorism, regional conflicts and international security issues.

Defense of a multipolar international order: The BRICS are in favor of a more balanced international order, which would not be dominated by a single world power, but would rather reflect the diversity of world interests.

Sustainable development and social inclusion: The BRICS pay particular attention to achieving sustainable economic development and reducing social inequalities within their countries and around the world.

In conclusion, the BRICS represent a group of emerging economies seeking to increase their influence and contribute significantly to global issues. Their economic and political cooperation aims to foster a more balanced and inclusive international order, reflecting the diversity of countries and cultures across the globe. As these countries continue to assert themselves on the world stage, their role in world affairs is expected to continue to evolve and shape the future geopolitical landscape.

AnalysisBiographiesDiscoveriesGeneralModernNarrativesWorld HistoryResearch

About the Creator

Raphael Lopes

I just write, that's all :)

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  • PitBrioche2 years ago

    Nice man . There is not a lot of people to speak about this association .

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