Ten years on, BRICS looks more like ‘China & Co.’

BRICS Leaders
From left to right: Xi Jinping (China), Vladimir Putin (Russia), Jair Bolsonaro (Brazil), Narendra Modi (India), and Cyril Ramaphosa (South Africa). Photo: PR

This week, the heads of state of Brazil, Russia, India, China, and South Africa are gathered in Brasília for the annual BRICS summit, with meetings scheduled for Wednesday and Thursday before the publication of a joint declaration at the end of the week.

While this week’s event has flown largely under the global radar, the BRICS were once heralded as the future of the world’s economy. But the five member nations have grown unequally, with China becoming a global superpower and the remaining quartet sputtering along modestly.

This Forbes story from 2017 shows how dependant Russia, Brazil, India, and...

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