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Accueil / ACTU / Russia hopes BRICS can create a polycentric world

Russia hopes BRICS can create a polycentric world

If one were to ask what the term BRICS represents (probably not a question for the “man on the street” where the acronym remains largely unknown) in the corridors of power, the answer – at least in Russia – would most likely be that it is something related to the world economy and emerging markets.

More discerning responses may perceive it as a “developing grouping” useful for negotiating a common position in the G20 (the closest thing we have today to a global economic regulator).

Such an understanding is reflected in the fact that in both government and academia, the G7, G8, G20 and BRICS are seen to involve much the same actors and or divisions.

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