In the two decades since Brazil, Russia, India, and China were recognized for their unique growth potential, they, along with South Africa, have so far proven incapable of uniting as a meaningful global force. This comes at the expense not only of the bloc, but of better global governance as well.
LONDON – Having created the BRIC acronym to capture the collective potential of Brazil, Russia, India, and China to influence the world economy, I now must ask a rather awkward question: When is that influence going to show up? Given today’s global challenges and the enormous issues facing the BRICS (which subsequently became a real-world entity and was expanded in 2010 to include South Africa), the bloc’s ongoing failure to develop substantive policies through its annual summitry has become increasingly glaring.
LONDON – Having created the BRIC acronym to capture the collective potential of Brazil, Russia, India, and China to influence the world economy, I now must ask a rather awkward question: When is that influence going to show up? Given today’s global challenges and the enormous issues facing the BRICS (which subsequently became a real-world entity and was expanded in 2010 to include South Africa), the bloc’s ongoing failure to develop substantive policies through its annual summitry has become increasingly glaring.