The Rise of the BRICS

By Felix Richter

Over the past two decades, the world has witnessed a profound shift in the global economic and geopolitical landscape, as the rise of the BRICS nations has introduced a growing counterweight to the traditional dominance of the G7. Starting on Tuesday, leaders of Brazil, Russia, India, China, and South Africa are meeting in Johannesburg, South Africa for the 15th annual BRICS summit, with the blocs’ possible expansion one of the talking points high on the agenda.