Why should we consider BRICS to be a region

The rise of BRICS has also led to political powers at the international and regional levels. The acronym representing the five nations was first coined in 2001. Piper (1-3) points out that Brazil, Russia, India, and China were the main pioneers behind the formation of countries experiencing high growth, demographic and economic growth rate. The four nations also suggested to partner with the G7 later on. During the first meeting held in 2006, South Africa was invited to join BRIC in 2010 leading to BRICS. Bremmer highlighted the progress of China by stating the nation’s 2015 manufacturing output increased to 25 percent across the world from 3 percent recorded in 1990. Similarly, China’s middle class also increased from zero percent to 16 percent in 2015, and it is projected to hit 350 million by 2030.

India manufacturing sector also experienced a similar story and focuses on services. The services output contributes to close to 61 percent of the GDP. India’s IT sector is rated as World’s top services exporters at 108 billion US dollars. The key economic strengths of BRICS are; manufacturing, top nation’s services provider and abundant natural resources. Characteristics of BRICS The BRICS nations comprise fast growing as well as the largest upcoming market economies. The five countries have close to three billion people who are almost half of the world’s population. Therefore, to form a market segment structure for most of the regionally manufactured products by tapping on the available natural resources. The BRICS impact on the economy consists of the 10 trillion US dollars GDP (Steinbock).

BRICS comprise of experts that are familiar with social and also historical characteristics. The five countries are also superior in handling and implementing development projects. Political stability, local trade in support of promoting regional development all together with integration supports the emergence of the future economy powerhouse block The BRICS nations features such as foreign aid, trade, development financing in addition to direct investment. The regional’s blocks strength of raw materials, infrastructure, energy supply, manufactured goods and highly skilled human capital for the provision of services give BRICS an added advantage in dominating the market. Focusing on technical support instead of financial assistance makes the cooperation more viable (Directorate 18-20). First of all, the nations decided to work together as a result of their dispersed geographical and diverse economies at different development stages.

BRICS was initiated for each member state to achieve development oriented goals. The objectives of BRICS are just a wakeup call to all member states nation to spearhead global governance dominated by Atlantic system. BRICS work as a team to achieve a specific geopolitical and targeted goals. All the nations have reasons of ensuring they remain intact in the group to achieve the set targets (Sachs 2-6). For instance, the European Union, IMF and African Union. However, political agenda always take centre stage. Montenegro and Rafael (5) point out at arm-twisting is usually deployed and most of the agendas are ignored. I think BRICS can work effectively and dominate across the world only if the leaders from all partnering nations agree to work as a team and avoid political divisions aimed at causing destruction.