BRICS: Here’s how an acronym from Goldman Sachs grew into a strategic economic bloc comprising a quarter of global GDP and two-fifths (40.5%) of the world’s population. Full video: (via CNBCi)
The BRICS economic bloc is made up of five of the world's biggest emerging economies: Brazil, Russia, India, China and South Africa.
A decade passed, and that didn't happen. But leaders of BRIC nations did hold their first official summit in Russia in 2010, with South Africa joining the group a year later. Since then, they have met regularly to discuss cooperation on global issues.
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