The BRICS Fallacy

Author
Harsh V. Pant
Content Type
Journal Article
Journal
The Washington Quarterly
Volume
36
Issue Number
3
Publication Date
Summer 2013
Institution
Center for Strategic and International Studies
Abstract
The term BRICS_/referring to the association of emerging economies of Brazil, Russia, India, China, and South Africa_/dominated the headlines in March 2013 as Durban hosted the annual group summit. South African President Jacob Zuma suggested that the nascent organization's leadership has ''firmly established BRICS as a credible and constructive grouping in our quest to forge a new paradigm of global relations and cooperation.'' The meeting resulted in a much-/hyped proposal to create a joint BRICS development bank that would finance investments in developing nations.
Political Geography
Russia, China, India, South Africa, Brazil