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BRICS SUMMIT 2024: CROSSROAD TO EMERGING GLOBAL ORDER OF EAST-SOUTH ALLIANCE
The Business Guardian
|October 23, 2024
The 16th meeting of the councils of the head of the Government of BRICS organization is being held in Kazan city of Russia from 22 to 24th October 2024 under the presidency of Russia being the host country.
The theme for the BRICS Summit 2024 is Emerging Technologies and Sustainable Development. The BRICS summit in Kazan is likely to strengthen Economic Cooperation, Reforming Global Financial Systems, boost trade, and sustainable development in the fields of technology, health, green energy education, environment protection, food for all, a proactive approach to Security and Counter-Terrorism mechanism, South-South Cooperation and Expanding Influence in Global South and overall cooperation among all member countries to ensure overall development of humanity and establishing a more equitable and fair world.
The concept of the BRICS was formulated by Chief Economist at Goldman Sachs, Jim O'Neill in a 2001 study entitled "Building Better Global Economic BRICs". Based on this popular concept, a block of countries comprising Brazil, Russia, India, and China was founded in 2001. However, South Africa joined BRICS in 2010. (BRICS the Acronym of the first letter of all countries). The functionary of BRICS evolves upon three pillars of cooperation Security, economy, finance, culture, and people-to-people exchange with equality among all.
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