March
27, 2023
Predictions
about the BRICS countries as the fastest growing economies haven't quite panned
out. Instead, the alliance is now offering a diplomatic forum and development
financing, outside of the Western mainstream. The acronym began as a somewhat
optimistic term to describe what were the world's fastest-growing economies at
the time. But now the BRICS nations -- Brazil, Russia, India, China, South
Africa -- are setting themselves up as an alternative to existing international
financial and political forums.
