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المحرر موضوع: S. Africa Makes Debut At BRICS Summit  (زيارة 1764 مرات)

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S. Africa Makes Debut At BRICS Summit
« في: يوم 13-04-2011 , س 23:37:53 pm »
S. Africa Makes Debut At BRICS Summit



The BRICS summit began with a meeting of trade ministers on Wednesday on China’s Hainan island, with South Africa participating in the gathering of leading emerging economies for the first time.
The country lobbied energetically to be invited to join what it perceives as an elite club of emerging markets, and officials will be anxious to make a confident debut amongst far stronger peers in the group, IPS reported.
The idea for what was initially BRIC - the initials standing for Brazil, Russia, India, and China - came from a concept paper by Goldman Sachs economist Jim O’Neill in 2003, identifying countries with the fastest-growing economies, rapidly expanding middle classes and promising domestic markets, giving them the potential to overtake the G7 as the world’s best-performing economies by 2040.
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