you need economic potential to join BRICS
GDP Growth RateBrazil: -3% GDP growth in 2015
Russia: -3.9% GDP growth in 2015
India: 7.3% GDP growth in 2015
China: 6.9% GDP growth in 2015
South Africa: 1.4% GDP growth in 2015
GDP/Cap Growth over 5 yearsBrazil: 8.63% (#43)
Russia: 4.53% (#52)
India: 31.12% (#6)
China: 49.13% (#1)
South Africa: 2.76% (#60)
3/5 of these countries don't even meet the 2% "you didn't fuck up this year congratulations" GDP growth baseline for developed countries. Two of them had their economies shrink. Their GDP growth is not that great, some of them have mediocre/bad investment situations.
BRICS is just a media/geopolitics hack buzzword that's not really useful anymore. It's really just IC + some of the Next Eleven.
Edited 5/4/2016 19:52:04