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BRICS and Beyond

The fifteenth BRICS summit, the first in-person gathering since the COVID-19 outbreak in 2019, took place in Johannesburg, South Africa, from August 22nd to 24th. This summit was part of a series initiated in 2009 in Yekaterinburg, Russia. It gained more global attention than previous summits, occurring amidst the ongoing conflict in Ukraine and escalating geopolitical tensions between the USA and China.

The significance of BRICS for the African continent

In the pioneering work titled “Building Better Global Economic BRICs” (Global Economics Paper No: 66), Lord Jim O’Neill, then Chief Economist at Goldman Sachs, introduced the term BRICs, referring to the emerging economies of Brazil, Russia, India, and China. These nations’ economies were experiencing rapid growth, fuelling discussions about their potential to collectively shape the […]

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