The BRICS summit: Lacking mortar | The Economist
▻http://www.economist.com/blogs/newsbook/2013/03/brics-summit?fsrc=scn/fb/wl/bl/lackingmortar
THE BRICS summit held in Durban these past two days completes a full cycle. Brazil, Russia, India, China and now South Africa, the Johnny-come-lately of the group, have each taken a turn in hosting the developing-nation pow-wow. The Durban meet was supposed to mark the graduation of the BRICS from a mere acronym—coined by Jim O’Neill of Goldman Sachs to link four populous emerging markets, South Africa not included—to a grown-up force with its own institutions. Did it do so?