definition BRICS is the title of an association

definition BRICS is the title of an association of leading emerging economies, arising out of the inclusion of South Africa into the BRIC group in 2010. As of 2012, the group's five members are Brazil, Russia, India, China and South Africa. The BRICS members are all developing or newly industrialised countries.

In 2010, South Africa began efforts to join the BRIC grouping, and the process for its formal admission began in August of that year. South Africa officially became a member nation on December 24 th, 2010, after being formally invited by the BRIC countries to join the group, the group was renamed BRICS – with the "S" standing for South Africa – to reflect the group's expanded membership.

The strength of BRICS countries comes from economic growth. Sooner or later, the total economic output of BRICS countries will surpass that of the G 7（七国集团）, which will impact the world to a greater extent than the rise of the former Soviet Union.

Presently, India holds the chair of the BRICS group.

Comments on “BRICS”

l l defenders and promoters of developing countries a force for world peace

They have powerful potential economic ability Shaq’s report(奥尼尔报告) : u In 2050, the six big economic entity of the world will be China, America, India, Japan, Brazil, Russia u The consumers of BRICS can save the world in economic crisis

They have the common strategic benefit u. America can’t dominate the economy in the world u. Cooperate to change politics and trade in the world u. Make a chance to enhance membership of the countries

Economic ties are not close. China has become the biggest trading partner of India and Brazil. In recent years, Russia’s importance to China has been far lower.

Trade dispute is everywhere. • The latest trading dispute between China and Russia occurred in early June. Chinese think that Russia's exporters of special steel exists dumping behavior, and Russian’s foreign trade representative suggested that Russia may consider revenge.

They have no common values. • There had been a military conflict between China and Soviet Union in the 60 s. • China and India are not only ally, but also strategic competitor. • Brazil has less competition with other three nations, but also less contact.