BRICS stands for Brazil, Russia, India, China and South Africa. It is a significant grouping for the sheer size of the countries involved. BRICS account for 40% of the world's population and nearly one third of global GDP. In late August BRICS held a much anticipated summit in Pretoria in which they agreed to add six more countries into the club: Argentina, Iran, Saudi Arabia, Ethiopia, the United Arab Emirates and Egypt.
You would be correct in thinking this is an odd grouping of countries, but as Ali Wyne explains, the attractiveness of joining BRICS outweighs the rivalries that some of these these countries might have with each other. And that, he says, captures the zeitgeist of geopolitics today. Ali Wyne is a senior analyst with Eurasia Group's Global Macro-Geopolitics practice, focusing on US-China relations and great-power competition.
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