Brazil, Russia, India, China and South Africa are trying to position themselves as representatives of the Global South, providing “an alternative model to the G7.” The G7 is an “informal forum” of heads of state of the world’s most advanced economies, founded in 1975. Germany, France, the United Kingdom, Italy, Japan, Canada and the US are members, as is the EU. Predictions about the BRICS countries as the fastest growing economies haven’t quite panned out. Instead, the alliance is now offering a diplomatic forum and development financing, outside of the Western mainstream. Is BRICS creating a new world order ?

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