Understanding BRICS and Its Expanding Role in Global Governance

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2023-08-22

“In 2001, the acronym BRIC entered the global lexicon, signifying a new era in the world of emerging economies. Coined by economist Jim O’Neill, BRIC represented the economic powerhouses of Brazil, Russia, India, and China. The concept was not just about economics; it was a call to adjust global governance to accommodate these influential nations. With their collective economic might and a substantial portion of the world’s population, it made sense that they should have a say in global decision-making.”