Pooling Strengths

摘要

The upcoming BRICS Summit in Brazil in mid-November is themed as BRICS: Economic Growth for an Innovative Future. Priorities of the BRICS nations include strengthening cooperation in science, technology, innovation and the digital economy, and invigorating collaboration against transnational crime, especially organized crime, money laundering and drug trafficking When Jim O'Neill, then Chairman of Goldman Sachs Asset Management published the Building Better Global Economic BRICs report in 2001, he forecast that the economic weight of the four original BRICS countries-Brazil, Russia, India and China, before the addition of South Africa-would continue to expand, raising important issues about the impact of their fiscal and monetary policies on the world economy.