Should New Zealand build bridges with the BRICS?
The BRICS are back. Johannesburg will this week host the 15th annual summit of the BRICS, an acronym for Brazil, Russia, India, China and South Africa. The loose grouping may be about to become tighter – and bigger. Some 40 countries have expressed interest in joining the BRICS, which already represent over 40 per cent of the world’s population and 30 per cent of global GDP when measured using purchasing power parity (PPP). Potential new BRICS members span the globe, from Africa to Asia and Latin America. Candidates and formal applicants include Argentina, Egypt, Indonesia, Saudi Arabia and the UAE....
