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BRICS - What does it mean? | Everything you need to know!

Many times, you may have come across the term BRICS while listening to the news. At that point in time, you may have wondered what is this BRICS? What does it stand for?

If you have had such questions in your mind, then you have come to the right place. In this post, I will talk in detail about BRICS - what it stands for and what it means.

BRICS - What does it mean | BRICS Countries

This article will tell you everything you need to know about BRICS!

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What is BRICS?

BRICS is basically a small association or organisation of a group of countries to work together for the betterment of their nations as well as the world.

The organisations which are part of this association are all developing economies. They have formed this association to help each other grow using each other's strengths.

The name BRICS is the acronym of the 5 BRICS Countries of this association namely - Brazil, Russia, India, China and South Africa.

Initially, in 2009, there were four Nations, Brazil, Russia, China and India. At that time it was called BRIC. Then, a year later, South Africa joined the group as well.

The BRICS Headquarters is located in Shanghai, China.

The meeting of the BRICS Nations, also called the BRICS summit, is held every year in different countries where a wide variety of issues are discussed.

Is it same as United Nations?

Well, not exactly!

United Nations is a large organisation encompassing almost all the countries of the world. It has its own constitution and law that had been agreed upon by all the nations. It takes up international issues and conflicts amongst nations and aims to resolve it through debates and general consensus.

BRICS, on the other hand, is quite different. It is a small group of like-minded countries who have joined hands to pool in their resources, knowledge and expertise to grow their economies together.

The difference can be understood easily through the following example. If the United Nations is the Central Government of India which looks after all the provinces in India, then BRICS is like a state government. All the like-minded provinces have formed a state and its government to develop all of them together

Final Thoughts

All the countries in the world are allowed to bind together and form groups so as to share their knowledge, expertise and resources to grow together. BRICS is one such group. And it's not the only one. There are many others like SAARC.

These groups are unofficial associations amongst like-minded nations and are different from official bodies like the United Nations, IMF etc.

I hope this article has been informative and useful to you. If you think I have missed some information, please do let me know in the comments so that I can update the article accordingly.

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VIKALP GAUTAM
I am an ardent Techie and a Free Thinker. I love to explore new topics and technologies, and share my knowledge and views with the world.
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