BRICS stands for Brazil, Russia, India, China, and South Africa. It is an intergovernmental organization that was originally formed to promote economic cooperation among the member nations. The group has since expanded its focus to include political and security issues.
BRICS LOGO
Brazil is the largest country in South America and
has a population of over 210 million people. It is a major producer of agricultural products, such as coffee, soybeans, and sugar. Russia is the largest country in the world by land area and has a population of over 144 million people. It is a major producer of oil and natural gas. India is the most populous country in the world with over 1.4 billion people and more. It is a major producer of information technology and pharmaceutical products. China is the second most populous country in the world with over 1.4 billion people. It is the world's second-largest economy and a major producer of manufactured goods. South Africa (the year later joined) is the southernmost country in Africa and has a population of over 60 million people. It is a major producer of gold, diamonds, and platinum. In 2023, Saudi Arabia, Iran, Ethiopia, the United Arab Emirates, and Argentina were invited to join BRICS. The expansion of the group is seen as a way to increase its influence on the world stage. The main reason to join the brics is to get access to new development bank founded in 2014 They also make up over 40% of the world’s population and almost 1/3 of the world GDP Gross Domestic Product Why was BRICS form
The BRICS nations initially formed to focus on economic
cooperation. This means they aimed to: Increase trade between member countries. Attract foreign investment. Boost economic growth for all members. Over time, BRICS has expanded its focus to other areas. Here's a broader look at their work: Political and Security Cooperation: BRICS nations discuss global issues and work towards solutions together. Financial Cooperation: They've created institutions like the New Development Bank to support infrastructure projects and provide financial assistance. Cultural and People-to-People Exchanges: BRICS countries promote cultural understanding and collaboration among their citizens. So, BRICS works on a range of issues, but economic cooperation remains a core aspect of their collaboration.
BRICS: The Emergence of a New World Order: A Deep Analysis of the Five Emerging Powers - Brazil, Russia, India, China, and South Africa - and Their Impact on the Global Future