The BRICS and the Rising South
| Inter Press Service
▻http://www.ipsnews.net/2013/03/op-ed-the-brics-and-the-rising-south
On Tuesday, leaders of five large emerging economies – Brazil, Russia, India, China, and South Africa, known as the BRICS – will gather in Durban, South Africa to discuss harnessing their formidable resources on behalf of faster development progress in Africa and elsewhere.
The summit’s intent is to promote global policy reforms, and to draw on their own national experiences and comparative advantages to help solve global problems.
The gathering is important: it is another sign that the world as we knew it is quickly changing.
High on the BRICS agenda is a commitment to kick-start the stalled Doha round of world trade talks and to push for fairer rules governing commerce in agriculture and other critical areas. The BRICS bloc will also be exploring ways to boost growth and overall development progress in Africa through expanded trade, investment, technology transfer, and financial support.
In one especially bold initiative under consideration, the five countries will examine proposals to create their own BRICS development bank.
