After joining the diplomatic bloc of nations known as BRICS in 2011, South Africa is to host the 5th BRICS Summit in Durban towards the end 0f March 2013 (26 – 27 March).
The bloc made of Brazil, Russia, India, China and South Africa passes as one of the most watched phenomenons of world politics in the post cold war era in promising to challenge historical patterns of dominations, that is challenging domination of world politics by western powers. Whether this promise will be made good or not is something else but there is evidence that the BRICS formation is commanding remarkable attention around the globe. In 2011, a survey conducted under an American magazine, tiled Foreign Policy, showed that Americans ranked the BRICS phenomena, concomitant with the the rise of China, top of the list of 10 major global events.
The perception around BRICS is largely driven by the numbers behind the bloc. Jointly the BRICS nation states command about 25% of global GDP, 16% of global trade and 40% of the world population. They also account for almost a quarter of the world’s land area and about 30% of the world’s economic growth registered in the past 10 years. These numbers are expected to rise even further with forecasting that by 2050 the world politics will be radically different from what they are today.
Here Follows our feature: BRICS in Numbers. These figures largely reflect 2011/12 status.