BRICS
Did you know:- 🙏 Why and when was BRICS established? 🙏 Current Goals of BRICS 🙏 Impact of B.R.I.C.K.S on the world 🙏 Why do most of the countries want to join B.R.I.C.K.S 1. Why and when was BRICS ESTABLISHED? BRIC is an acronym or abbreviation for the major emerging economies (Brazil, Russia, India, China). This abbreviation was coined in 2001 by Goldman Sachs economist Jim O'Neill and was formalized by a meeting in Petersburg, Russia on the Margins of UNGA by outstretching the G8 in the year. 2006. The First summit of BRIC was held in 2009 in Yekaterinburg, Russia and the very next year South Africa joined BRIC. After which the association was renamed as BRICS(Russia, India, China, Brazil, South Africa) which aimed for higher Political and Economic stability by either rivaling its source economically or by resolving it by co-operation. 2. Current Goals of B.R.I.C .S The BRICS countries support a system of global governance that is more effective and maximizes the world'