Brazil’s President Dilma Rousseff will fly to India next Wednesday.
She’ll be taking part there in the latest (i.e. the fourth) summit of the former ‘BRIC’ association of countries (Brazil, Russia, India and China). The group’s name is now expanded to ‘BRICS’ reflecting the inclusion of the latest member, South Africa. President “Dilma” is of course highly concerned with inward or domestic investing in Brazil and exploring how this can be boosted will be one of the most prominent aspects of her agenda for the conference.
The five countries are increasingly seen in the world as up-and-coming economies and societies although they do have their differences. In particular, Russia is something of a special case (after all, it was once the main part of the superpower USSR before a period of great hardship following break up of that Union).
China of course is moving ahead economically very quickly and some would say is on course to become a superpower. India too is making strides and its vast population is not far behind China’s (they are both well over a billion). South Africa is developing but is probably still the fifth of the group, though the first economic power of sub-Saharan Africa.
It’s in this context that the Brazilian President will seek to explore options for the advancement of her own country. The conference as a whole will be focusing this time on the theme of ‘sustainable development’ in three main areas, economic, social and environmental.
In other words, towards green economies linked to the eradication of poverty
The BRICS countries are influential more widely, too as two of their members; China and Russia are permanent members of the U.N. Security Council.
In parallel to the main BRICS Forum will be a meeting of the presidents of each country’s central bank.
All in all, the gathering in India will be an important one
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