[MarMema]

https://journals.sagepub.com/doi/full/10.1177/09749101211067096

BRICS as a Driver of Global Economic Growth and Development

The role and contribution of the BRICS is significant to the world economy in terms of population (40%), GDP (25% nominal and US$ 16.039 trillion), land coverage (30%), world trade (18%), and global forex (US$ 4 trillion).

Since 2001 and till the end of 2010, the BRICS as a group worked on sectoral cooperation in many areas, namely—science and technology, trade promotion and facilitation, energy, health, education, innovation, and fight against transnational crime. Presently, sectoral cooperation accounts for more than 30 subject areas. These areas have brought in specific benefits to the population of the group of countries.

[Alter Kaker]

The role and contribution of the BRICS is significant to the world economy in terms of population (40%), GDP (25% nominal and US$ 16.039 trillion), land coverage (30%), world trade (18%), and global forex (US$ 4 trillion).

Land coverage! Yes Brazil, Russia, India, China and South Arica are big. Some of the countries are even important! Too bad they don't agree on anything.

[Alter Kaker]

From your article...

In 2014, the 11th summit took place in Brazil and institutions of strategic and paramount significance were created such as New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA).

And then what happened? Lol, nothing happened!