Notification

23 million people in the Horn, East and Central Africa are facing facing severe levels of hunger. Donate now.

Available documents

Overview

This paper examines the rapid growth of the ’emerging economies’ of the BRICS countries (Brazil, Russia, India, China and South Africa) in the global economic and geo-political arena. It challenges some of the celebration of BRICS’ achievements by highlighting remaining issues within their economies. Even after several BRICS Summits and after establishing Development Banks and an Action Plan for 2012-2016, unresolved issues for the grouping include: large regional disparities; growing inequalities; substantial unemployment; and significant levels of poverty. In looking ahead, this paper concludes that emerging economies should not try to replicate the lifestyles of advanced capitalism, but rather to establish a way to sustainably develop the global South.

Keywords

Additional details

Publisher(s)

How to cite this resource

Citation styles vary so we recommend you check what is appropriate for your context.  You may choose to cite Oxfam resources as follows:

Author(s)/Editor(s). (Year of publication). Title and sub-title. Place of publication: name of publisher. DOI (where available). URL

Our FAQs page has some examples of this approach.

Related resources

Here are similar items you might be interested in.

Browse all resources