Summary: As Africa's traditional development partners, the US and Western countries continue to look more inwards and cut their aid to the continent, the
BRICS grouping is emerging as a more desirable and effective partner.
And though the
Brics did get these institutions to reform their voting structures to give developing countries greater weight, the US and Europe still wield disproportionate power.
Bric's success is founded in its quest to continuously seek for constant development as it navigates to new horizons where research and Heritage, innovation and tradition, functionality and elegance are intertwined and balanced with skilled craft, advanced technology, and interpretation of new trends, creating a perfection fusion between shape, function and design.
Chinese President Xi Jinping said Monday that
BRICS countries should endeavor to promote practical economic cooperation.
Considering all these prospects, this article argues with an analysis of what role of the
BRICS being played in the world affairs from Chinese perspective?
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These four countries were originally grouped by Jim O'Neil as
BRICs in 2001.
The 2011 Sanya Summit in China opens the doors for inclusion of South Africa, which represented the African Continent, thereby transforming
BRIC into
BRICS.
These discussions and announcements were made during the 5th
BRICS Minister of Environment Meeting which was preceded by a two-day meeting of
BRICS Joint Working Group on Environment.