BRICS membership : What’s not to like?

Abstract

The annual BRICS Summit was held last week in Kazan, the capital city of Russia’s Tatarstan region. The original member countries – Brazil, Russia, India and China – held their first get-together under the BRIC banner in 2009. In 2011, South Africa joined the group, and an “S” was added to the group’s name – BRICS. This year’s Kazan summit included a number of new BRICS inductees, including Egypt, Ethiopia, Iran and the United Arab Emirates (UAE). Turkey’s president Recep Erdoğan also attended the event.