19.11.2019, NEO New
Eastern Outlook (Russia) https://journal-neo.org/2019/11/19/meanwhile-brics-is-alive-and-well/
There’s been no shortage of interest towards the
recently concluded ninth BRICS summit in Brazil. This association brings
together a total of five countries, with its name being an acronym coined to
represent the combined economies of Brazil, Russia, India, China and South
Africa. This block represents 23% of the world’s economic output and some 18%
of world trade, with a combined GDP of a mind-boggling 15.435 trillion dollars.
However, what is even more important, some may argue, is that it represents 42%
of the world’s population.
This year’s summit was held under the motto
“Stronger Partnership for a Brighter Future.” This motto pretty much
pre-determined heated discussions on the most urgent challenges the
international community faces – instability, regional insecurity, the state of
the world economy, the state of affairs in trade and finance.
In addition to opening speeches by the leaders of each
member state, there was
