BRICS: The economic grouping that has yet to flex its muscle

Egypt's President Mohamed Morsi told Indian Prime Minister Manmohan Singh of his interest in the BRICS (photo:dpa)
Egypt's President Mohamed Morsi told Indian Prime Minister Manmohan Singh of his interest in the BRICS (photo:dpa)

Five countries – Brazil, Russia, India, China and South Africa – make up the group of emerging economies known as BRICS. The organisation is often viewed as having growing influence and power on regional and global affairs. But internal divisions among its members have cast doubt on its ability to rival Western institutions on the world stage any time soon.

BRAZIL, Russia, India, China and South Africa together represent 27 per cent of the world’s gross domestic product (GDP). This should mean that BRICS, the economic grouping of which these five economies are members, should, on paper, be a power to be reckoned with.

But many observers are asking why...

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