What’s in a BRIC?
Brazil, Russia, India, and China recently held their second annual summit in Brasilia. Journalists have continued to lavish attention on the “BRICs” since Goldman Sachs coined the term in 2001, but the category still makes little sense for long-term assessments of global power relations.
SAO PAULO – Brazil, Russia, India, and China recently held their second annual summit in Brasilia. Journalists continue to lavish attention on these so-called “BRIC” countries, but I remain skeptical of the concept.