Fifteen years after Goldman Sachs economist Jim O’Neill coined the concept in 2001, BRICS, as the first important non-Western global initiative of the post-cold war world, has become not just a talking shop but an influential international organisation to challenge Atlantic dominance.
BRICS (an acronym for Brazil, Russia, India, China and South Africa) refers to an association of leading emerging markets. South Africa was added in 2010.
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