Why was BRICS formed in 1960
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Answer:
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Explanation:
The BRIC [Brazil, Russia, India and China] idea was first conceived in 2001 by Goldman Sachs as part of an economic modeling exercise to forecast global economic trends over the next half century
Answer:
BRICS is the acronym coined to associate five major emerging national economies: Brazil, Russia, India, China, and South Africa. The BRICS members are known for their significant influence on regional affairs.[1] Since 2009, the BRICS nations have met annually at formal summits. Brazil hosted the most recent 11th BRICS summit on 13–14 November 2019.
Originally the first four were grouped as "BRIC" (or "the BRICs") before the induction of South Africa in 2010.[2] The BRICS have a combined area of 39,746,220 km2 (15,346,101.0 sq mi) and an estimated total population of about 3.21 billion,[3] or about 27% of the world land surface and 41% of the world population. Four out of five members are among the world's ten largest countries by population and by area, except for South Africa, the twenty-fourth in both.
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