
The BRICS group -- made up of Brazil, Russia, India, China and later South Africa -- were envisioned as a gang of the world's up-and-comers.
Over the years, the group of countries known as BRICS has seen its members' relationships develop and mutate with the shifting geopolitical climate. When a Goldman Sachs analyst came up with the premise of BRICS in 2001, he saw the group — made up of Brazil, Russia, India, China and later South Africa — as a gang of the world's up-and-comers. These were countries, he reckoned, that it would be smart to invest in. After receiving the BRICS title, representatives from these nations went to town, organizing annual meetings and developing their own institutions. From the perspective of BRICS members, the best way to force themselves into the global governance conversation was by presenting a united front. But today, the BRICS group is being driven increasingly by China, now the world's second largest economy.