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What is BRICS, which countries want to join and why?

Posted on AllSides August 22nd, 2023
From The Center

The BRICS group of major emerging economies - Brazil, Russia, India, China and South Africa - will hold its 15th heads of state and government summit in Johannesburg between Aug. 22 and Aug. 24.

Here are some key facts about the bloc and its members.

WHAT IS BRICS?

The acronym BRIC, which did not initially include South Africa, was coined in 2001 by then Goldman Sachs chief economist Jim O'Neill in a research paper that underlined the growth potential of Brazil, Russia, India and China.

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https://www.reuters.com/world/what-is-brics-who-are-its-members-2023-08-21/

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