With the successful holding of the fifth summit of Brazil, Russia, India, China and South Africa (BRICS) in Durban during March 26–27, 2013, this influential group of emerging economies completed its first important phase of genesis and evolution. The idea was floated in 2001 as an ‘acronym’ created by an investment banker of Goldman Sachs, Jim O'Neil who believed that the fast-growing economies of Brazil, Russia, China and India would be the single greatest game changers in coming times.
Latin America Post the Impeachment of Dilma Rouseff
The salience of the impact of the Rouseff-related developments lie in the fact that there is a degree of similarity in the economic policies of the erstwhile Rouseff Government and its counterparts in some of the other Latin American countries…