The BRICS Forum: A Counterbalance to Western Dominance The emergence of the BRICS forum as a distinct economic entity has significant implications for global governance and the distribution of power in the world economy.
This grouping of emerging economies Brazil, Russia, India, China, and South Africa is not only a counterbalance to Western dominance but also a reflection of the shifting tectonic plates of the global economy.
The Rise of Emerging Economies The growth of emerging economies such as China and India can be attributed to a combination of factors.