The world economic forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders. With a booming loan book and high credit ratings, the brics countries have built a development bank they can be proud of. The brics initiative is 10 years old and has silenced many critics who thought its members were too economically, politically and geographically diverse to work together.
What is a BRICS Nation? Understanding the Rising Economic Powerhouse
But what challenges lie ahead?
The brics group of brazil, russia, india, china and south africa has invited saudi arabia, iran, ethiopia, egypt, argentina and the united arab emirates to join, as it looks.
In light of its expansion, brics will contain 46% of the world's population and 25% of global exports, and its gdp will exceed that of the g7. The brics bloc, originally brazil, russia, india and china, is expanding — and becoming more influential. The world economic forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders. The group is the ‘third giant’ after the eu.
