BRICS stands for:
Brazil
Russia
India
China and
South Africa.
The name was coined by British economist The Lord O'Neill of Gatley as a group of nations that could theoretically take over the world economy the western-oriented G7.
The problem is that none of these nations have a particularly stable currency and with the exception of China, none of them trade with each other, and some of them (India and China) are currently in a low-intensity war.
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