Number Theory: Understanding the past, present and future of Brics
Aug 24, 2023 06:40 PM IST
If Brics countries, given their clout in global economy, can negotiate an emissions path with developed nations, it’ll be a win for both development and climate
The 2011 Sanya declaration — the first at a Brics summit after South Africa joined the BRIC (Brazil-Russia-India-China) grouping — called for “establishing a more equitable and fairer world” while celebrating the fact that “BRICS and other emerging countries have played an important role in boosting global economic growth”. How successful has the grouping been in achieving this objective? And what will be its contribution to global economic growth in the future? While one must wait for the joint declaration by the 15th Brics summit — it ends on August 24 — it is useful to look at some key statistics to answer this question.
