Tensions within the group continue to simmer, but it is here to stay
Aug 18th 2023
Since its transformation from an investment category into a political club in 2009—when the heads of state of Brazil, Russia, India and China held their first summit—the brics grouping has faced countless critics and doubters. Numerous Western analysts pointed to the many differences and disagreements within the group and expected it to have only a limited impact on global affairs.
Yet, defying such expectations, member countries embraced the brics grouping and no leader has missed its annual summit over the past 14 years (summits took place virtually during the pandemic). Even significant ideological swings in member countries such as India or Brazil have done little to alter their commitment to the club, and the brics, which invited South Africa to join in 2010 (hence the capital S), have become something far more important than a yearly….
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