Brics summit 2026: the group’s relevance has clearly grown but can it achieve its potential?
The group’s name is an offshoot of the term ‘Bric,’ coined by British economist Jim O’Neill and popularized by Goldman Sachs as shorthand for four vibrants markets: Brazil, Russia, India and China. That they banded together and were joined by South Africa—and later by Egypt, Ethiopia, Iran, Saudi Arabia, the UAE and Indonesia—testifies to the global need for a broad non-Western forum.
