What is bricsa?

BRICSA is an acronym that refers to a group of five major emerging economies, namely Brazil, Russia, India, China, and South Africa. The term was first coined by Goldman Sachs in 2001 as an acronym for the four emerging economies of Brazil, Russia, India, and China. South Africa was added to the group in 2010.

The BRICSA countries have been identified as some of the largest contributors to global growth and are seen as having the potential to become major economic powers in the coming decades. They are collectively home to over 40% of the world’s population, and their economies are predicted to make up more than half of global GDP growth by 2030.

The BRICSA countries have formed a political alliance known as the BRICS, which was officially established in 2006. BRICS is an acronym for the first four countries mentioned only. The group aims to promote economic cooperation, political dialogue, and cultural exchange among its members. Their cooperation includes initiatives such as the establishment of the BRICS Development Bank and the creation of joint military exercises.

BRICSA countries represent vastly different cultures, economies, and political systems. For example, Brazil is a federal presidential constitutional republic, Russia is a federal semi-presidential republic, India is a federal parliamentary democratic republic, China is a single-party state, and South Africa is a parliamentary republic. Despite these stark differences, the BRICSA countries share a common interest in promoting economic growth, regional stability, and a larger global voice.