BRICS Expansion 2024: Game-Changing New Members Reshaping Global Power Dynamics
Introduction 2001: The term “BRIC” was first coined by economist Jim O’Neill in a Goldman Sachs report to describe the emerging economies of Brazil, Russia, India, and China, predicted to dominate global growth in the 21st century. Expansion to BRICS 2010: South Africa joined the bloc, and the group became known as BRICS. This addition…