NEW DELHI — The BRICS summit in Ufa, the capital of the Russian republic of Bashkortostan, this week brought together the heads of government of Brazil, Russia, India, China and South Africa (BRICS) in what’s already one of the world’s most unusually interesting international groupings. Jokingly dismissed by some as the only world body invented by a merchant bank (BRICS was born in an emerging market analysis by Goldman Sachs’ chief economist Jim O’Neill more than a decade ago), the five countries are taken increasingly seriously as a significant force in global affairs. For one thing, they’re too big to …read more
Source: The Huffington Post
