People of the BRICS countries make up more than 40% of the world’s population as a whole and access to these large markets could help many emerging economies in Africa grow and develop quickly. The leaders of Brazil, Russia, India, China, and South Africa get ready to meet for the 15th BRICS summit, on August 22-24, observers have high hopes for what will come out of the meeting. Many other countries are looking to BRICS as a way to help their own economies recover as well and It will be the first time that representatives of the five emerging economies will meet in person – in South Africa – since the COVID-19 pandemic. Since the group’s growth is likely to be announced at the BRICS summit, there is a lot of interest in how new members are chosen and which countries would be eligible. DO you think that this is the right bloc for emerging economies against the G7 ?
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