BRICS: A Powerful Economic Group

BRICS is an intergovernmental organization composed of Brazil, Russia, India, China, and South Africa. Despite being relatively unknown to many, BRICS holds significant economic power, surpassing the USA and EU in terms of surface area, population, and GDP. The group aims to promote intense trade between member countries and has even discussed the possibility of introducing a common currency. While some concerns arise from their geopolitical differences, economic cooperation and the potential formation of a trading bloc have historically served as effective deterrents for conflicts. If successful, BRICS could reshape the global economy and impact the dominance of countries like the USA in global trade.