Changing dynamics of the BRICS as a global force

BRICS

BRICSThe five leaders of the BRICS nations join hands during the official photograph of the 6th BRICS summit in Fortaleza, Brazil, on July 15, 2014. (Photo/AFP)

The decision to establish a BRICS bank is the first time the group has created a concrete institution.
It marks a milestone for the young collective. But it also reflects the changing dynamics of the BRICS as a global force alongside more established groups like the G20 and G7.
Stephen Gibbs reports.