Is an expanding BRICS a challenger to G7?
A short Newsnight video looking at the future for the BRICS group - and whether or not it is going to become a challenger to the G7.
The BRICS bloc (Brazil, Russia, India, China, South Africa) is the most influential union of developing economies in the world and is increasingly considered the leading geopolitical challenge to the G7. The term BRIC was coined in 2001 by economist Jim O’Neill.
Larry Elliot argues here that the rise of developing economies likely to mean that the established order is going to be increasingly challenged going forward, with any amendments to the BRICS likely to be spearheading that move.