Five Things to Know About BRICS: Brazil, Russia, India, China, and South Africa

News Snapshot:

The BRICS countries, an acronym of the five members Brazil, Russia, India, China and South Africa, meet for three days for a summit in Johannesburg starting Tuesday. Representing 23 percent of the world’s gross domestic product (GDP) and 42 percent of the world’s population, they are seeking to dull Western economic domination in global affairs. Here are some facts and figures about the BRICS - A new world order? - A group of emerging economies, it was formally launched in 2009 and it meets yearly at a summit hosted in rotation by one of the member countries. The meetings aim...