Progress has been slow as diplomats have tried to agree on criteria for the expansion of the bloc
In 2001 Jim O’Neill, an economist at Goldman Sachs, came up with the acronym “Bric” while explaining that he believed the next wave of growth would come from emerging markets such as Brazil, Russia, India and China.
Years later, foreign ministers of the Bric met to begin the process of formally organising the group into a bloc. The mission was simple: to co-operate, on an equal basis, on politics, trade and investment. ... There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an
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