The BRICS – a bloc of nations comprising Brazil, Russia, India, China and South Africa – meets today in Brazil's capital for its annual summit. The idea of the "BRIC" grouping comes from a 2001 Goldman Sachs paper, which predicted that these rising economies, despite their major differences, would soon be among the world's largest, and that as a group they would command more global clout as a result. The idea took on a real-world structure in 2009, when Brazil, Russia, India and China began holding regular BRIC summits, and in 2010 they invited South Africa to join as well. But this vision of BRICS power hasn't necessarily materialized: China's share of global GDP has boomed – and India's growth has been significant, too. But the B, R, and S shares of the global economy have actually shrunk over the past 20 years. Here's a look at how these economies have fared since the idea of the BRICS was born.
More For You
The prevailing view a few months ago was that Democrats were likely to retake the House of Representatives in November's midterm elections, but not the Senate. That calculus has now changed.
Most Popular
What’s Good Wednesdays™, April 22, 2026
Preserving presidential history for America’s 250th
Walmart’s $1 billion investment is strengthening associate careers
Putting AI to work with the building trades
Kim Jong Un is preparing his daughter Kim Ju Ae, reportedly around 12 years old, as a potential successor, something that would break every precedent in the Kim dynasty's 80-year history.
GZERO has won the Webby People's Voice Award in the Social - Comedy category for our political satire series Puppet Regime, and our Ian Explains series was named an Honoree in the Social - News & Politics category this year.
In this “ask ian,” Ian Bremmer explores why Taiwan is becoming a key issue ahead of the upcoming Trump–Xi meeting.
