Inside Story
How relevant is BRICS today?
Brazil, Russia, India, China and South Africa form the bloc of emerging economies, but is their influence decreasing?
For several years now, the most talked-about trend in the global economy has been the rise of developing markets.
Some economists expected Brazil, Russia, India, China and South Africa to lead the world to new economic heights.
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But as the BRICS bloc met for its 8th summit in India’s state of Goa, those hopes appeared to be fading.
Most of the countries involved are struggling to deal with slowing economies. They must find ways to forge closer business and trade ties. But there are other concerns to be addressed too, including national security and the threat posed by terrorism.
Presenter: Laura Kyle
Guests:
Sreeram Chaulia, dean of the Jindal School of International Affairs.
Aly-Khan Satchu, emerging markets economist
Anastasia Nesvetailova, director of City Political Economy Research Centre at City University London.