BRICS in Times of Tectonic Shifts

This article assesses the economic performance of the original BRICS economies, relative to the growth and currency appreciation projections presented in the papers that introduced the acronym, prior to the grouping becoming a diplomatic, political, and economic reality. It also discusses the BRICS agenda in the current challenging geopolitical context, in which economic fragmentation tends to raise costs for the global economy and presents considerable obstacles for emerging and developing economies.