Uncertainty prevails over the direction BRICS (Brazil, Russia, India, China, and South Africa) are taking today. Some experts have announced “the end of the BRICS era” and talked about “Falling BRICS”. BRICS governments are, however, proceeding full steam ahead with an elaborate programme to strengthen the grouping. A valid question, therefore, is whether BRICS is on the trajectory of decline, consolidation or rise?
There is little doubt since the summit in Ufa (Russia) last year that plenty of bad news has emerged. Brazil’s president, Dilma Rousseff, faces impeachment: the parliament’s lower house voted 367 to 137 to move ahead with the impeachment process. If the senate were to support this with a simple majority, Rousseff would have to step aside temporarily, making way for a replacement.
The full article can be accessed on Eurasia Review here.