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BRICS - Economic and Geopolitical Relevance Although
BRICS countries went through different trajectories in their
process of integration into the globalizing learning economies
it is undeniable that in different ways all of them have acquired
a more important role in the world power system.
During
the last decades the world experienced significant transformations
in geopolitical and economic terms, and in the organization
and distribution of production. For several reasons, large developing
countries such as Brazil, the Russian Federation (and former
USSR), India, China, and South Africa (BRICS) have acquired
a most important role in the world economic as producers of
goods and services, receivers of capital, or potential consumer
markets given their common characteristics of having a part
of their large population still not integrated in the market
economy. |
Brics'
Agenda
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