BRICS countries share their plan
The acronym began as a somewhat optimistic term to describe what were the world’s fastest-growing economies at the time. But now the BRICS nations—Brazil, Russia, India, China, and South Africa—are setting themselves up as an alternative to existing international financial and political forums The founding myth of the emerging economies has faded,” Günther Maihold, deputy director of the German Institute for International and Security Affairs, or SWP, confirmed. “The BRICS countries are experiencing their geopolitical moment.” Brazil, Russia, India, China and South Africa are trying to position themselves as representatives of the Global South, providing “an alternative model to the G7”. The G7 is an “informal forum” of heads of state of the world’s most advanced economies, founded in 1975. Germany, France, the United Kingdom, Italy, Japan, Canada, and the US are members, as is the EU. The most recent economic developments in BRICS member states have little to do with the initial myth