BRICS: How powerful are the countries of this group and which countries will join it on January 1?

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The last BRICS meeting held in Johannesburg in August brought many changes in the grouping.

At some point in 2021, the emerging countries that make up the BRICS grouping – Brazil, Russia, India, China and South Africa – ceased to be an aspirational block and became a full-fledged geopolitical block in the international community.

This was the year when they surprised with their economic progress and GDP of BRICS overtakes its G7 counterparts In terms of purchasing power parity as a percentage of global GDP.

The G7 is composed of the United Kingdom, the United States, Canada, France, Germany, Italy and Japan. It is an organization that includes The world’s seven largest “advanced” economiesWhich dominate world trade and the international financial system.

And despite the fact that BRICS includes major world powers such as China and Russia and countries of immense importance on their continents such as South Africa and Brazil, its members complain that the nations The West controls important organizations such as the International Monetary Fund and the World Bank, Who lend money to countries.

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