The acronym BRIC was coined in 2001 by a Goldman Sachs economist to list the countries would dominate economic growth by 2050 – Brazil, Russia, India and China.
A few years later, those countries formed a partnership that later included South Africa – the S on the term BRICS.
And now more letters could be added, as the group discussed multilateralism in a meeting hosted by China.
Dong Xue has details from Beijing.
To discuss:
- Gilson Schwartz is a professor of economics at the University of Sao Paulo.
- Anton Fedyashin is a professor of history at American University
- Sourabh Gupta is Senior Asia-Pacific International Relations Policy Specialist at the Institute for China American Studies.
- Charles Liu is a Senior Fellow at Taihe Institute.
For more:
BRICS MEETING | THE MORE, THE MERRIER
China wants to expand the group of emerging economies known as BRICS, in the first shakeup of the bloc in over a decade.https://t.co/JnSGEa8E3e
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Chinese President Xi Jinping on Thursday called on the #BRICS countries to work together to build a global community of security for all, while delivering a video address at the opening session of the BRICS Foreign Ministers' Meeting. pic.twitter.com/RlpOc45Aop
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