At this afternoon’s seminar Carike Claassen gave us a 101-introduction to the BRICS, who they are, where they are going and why they matter. Following the 4th BRICS summit in New Delhi in March the BRICS countries are in the news as ever – yesterday the Mail & Guardian speculated about a global currency war!
Carike explained that the BRICS are powerful emerging economies that account for 40% of the global population, have a combined GDP of $14 trillion and contributed 70% of recent global GDP growth. They are also a heterogeneous group of countries with different roads to liberalisation and different challenges for future development. Carike promised us a full blog on this, so we will not go into the details of the presentation here. Suffice to say that it was an excellent introduction to a seminar that the School is planning in September. Extraordinary Professor Peet Strydom will lead the discussion on the theme: EMERGING MARKETS: GROWTH RESILIENCE OR HITTING A GROWTH PLATEAU? Keep following this blog for Carike’s post and more details about the seminar.