Example Article of the BRICS:
New BRICS Members Boost Bloc's Global Energy Influence (Source: Oil Price on 19 September 2023): By Felicity Bradstock - BRICS is a group of major emerging economies, originally including Brazil, Russia, India and China, which was termed in 2001 by then Goldman Sachs chief economist Jim O'Neill in a research paper outlining the potential growth of these powers. The bloc was informally founded in 2009, and initiated by Russia, to counter the dominant role of the United States and Western allies in the contemporary world order. It has yet to be formalised, however, heads of state and government meet on an annual basis. South Africa joined the group in 2010 when an S was added to the acronym to make it BRICS. Together, the member states account for over 40 percent of the world’s population and a quarter of the global economy. The group generally focuses on geopolitics, economic cooperation and multilateral trade and development, and operates by consensus. Since its formation, BRICS says that over 40 countries have shown interest in joining, including Iran, Saudi Arabia, United Arab Emirates, Argentina, Algeria, Bolivia, Indonesia, Egypt, Ethiopia, Cuba, the Democratic Republic of Congo, Comoros, Gabon, and Kazakhstan. Over a dozen countries participated in the “Friends of BRICS” talks in Cape Town in June, demonstrating their interest in shifting the world order and enhancing their position within it. Following the Covid pandemic, the global world order was criticised by several state powers, as Western countries were seen to be hoarding vaccines. ...
BRICS Represents Nearly Half Of Global Population (Source: Oil Price on 28 August 2023): By ZeroHedge - Following the 15th annual BRICS summit, which was held in Johannesburg, South Africa last week, the bloc of five major emerging economies announced the admission of six new members. Iran, Saudi Arabia, Egypt, Ethiopia, Argentina and the United Arab Emirates are set to formally join the group on January 1, 2024 to expand the bloc’s footprint in the Global South and grow its economic and political clout on the world stage, establishing a real counterweight to the Western-dominated G7. As Statista's Felix Richter notes, the new bloc will represent roughly 46 percent of the world population, account for 29 percent of the world’s gross domestic product in nominal terms and 37 percent of global GDP at purchasing power parity. ...
