BRICS in Identity Crisis
with Four Languages between Five Nations
The annual BRICS summit brings together five disparate economies
with only their size as the common denominator. India, Brazil and South Africa
are democracies. China is totalitarian. Russia is run by crony capitalist
oligarchs.
English is the language of India and South Africa but the
other three speak in Portuguese, Russian and Chinese.
The economies too, differ widely in basic structure and in
performance. South Africa is weak. Russia’s economy is hit by the oil and
commodity price downslide and sanctions over Ukraine. Brazil’s GDP will
probably be overtaken by India some time this year or
next, China will be number one economy in the world soon.
It is no wonder that the Grouping is metamorphing
to another form with Russia and Indian taking a lead as others lose interest.