BRICS 2023 focused on global economic strategies
The fifteenth BRICS summit , taking place in Johannesburg from August 22nd to 24th, marks a significant milestone as the first in-person gathering since the emergence of the Covid-19 pandemic in 2019. It's noteworthy that South Africa held the preceding in-person summit in 2018. Originating from an acronym, BRICS gained prominence through the efforts of Terence James O’Neill, a prominent economist and head of Global Economic Research at Goldman Sachs. Back in 2001, he introduced the term BRICs—representing Brazil, Russia, India, and China—in a paper titled "Building Better Global Economic BRICs." This acronym highlighted the growing significance of these nations, urging the G7 to incorporate BRIC representatives. Despite the suggestion, the G7 did not take this step. Subsequently, in 2003, another paper titled "Dreaming with BRICs. The Path to 2050" suggested that these nations could outpace major Western economies by 2039 . This concept gained traction as