Comprising the five major economies of the world – Brazil, Russia, India, China, and South Africa – the BRICS alliance holds significant prominence on the global stage, projected to experience substantial growth by 2050.
The largest-ever gathering of heads of state of the non-Western world within the framework of BRICS is due to kick off on August 22 in Johannesburg, South Africa.
One of BRICS competitive advantages is that the group is pursuing an inclusive approach in contrast to the zero-sum geopolitical games of the collective West, international observers told Sputnik.