The Brics Absorbed South Africa As A Full Member Of &Nbsp, And The Four Countries Changed Into Five Countries.

"This is the best Christmas gift we ever received!"

When Yang Jiechi received a call from Chinese foreign minister in December 23rd, the defendant was

The expansion of the BRICs, even the inventor of the concept, O'neal, a famous economist at Goldman Sachs Group, was unexpected.

He first proposed in November 2001 that the BRIC countries of Brazil, Russia, India and China, the four emerging economies, will dominate the world economy in 2050.

Since then, the concept of BRICs has swept the globe and has become a popular word in the economic circle.

However, just last month, O'neal also said that South Africa's economic aggregate was small and should not be included in the BRICs.

The current population of South Africa is 49 million, and its GDP in 2009 is US $277 billion, less than 1/4 of Russia's smallest BRIC economy.

Compared to the four "big things", South Africa is indeed "very small".

But as Africa's largest economy, South Africa's international influence has grown in recent years, and is now the only African representative of the group of twenty (G20).

Starting next year, South Africa will become a non permanent member of the UN Security Council and play a more important role in the international arena.

South African local media also believe that South Africa, as the world's most influential African country to join the BRICs, can better represent the interests of African countries, and seek greater international cooperation for Africa's economic development.

Martha Babney emphasized again and again: "we speak not only for South Africa, but also for Africa as a whole."

On the other hand, South Africa joins the BRICs, not only Brazil, Russia, India and China can expand economic cooperation with South Africa, but also means that the four countries can further strengthen their economic and trade cooperation with African countries.

For example, many South African enterprises have outlets in African countries, which have the advantage of fast information and low paction costs.

If the four countries invest in the African continent through South Africa, the rate of return will increase significantly.

Bloomberg commented that the expansion will open the door to 1 billion consumers for Brazil, Russia, India and China.

Since the first official meeting of the BRICs leaders in Russia in June 2009, the BRICs have gradually formed a mechanism of fixed dialogue and cooperation, and began to exchange views with each other on major issues in the field of international economic and development, and strengthen solidarity and cooperation to jointly safeguard the overall interests of emerging economies.

South Africa's accession to the BRICs will help the emerging economies to coordinate their positions on major global issues, better build a balanced new international political order, and push the global economy to recover as soon as possible.

On the 28 day, a spokesman for China's Ministry of Foreign Affairs said that South Africa's accession will help the development of the BRICs cooperation mechanism and promote cooperation among emerging market countries.

At present, while the recovery of developed economies is at a staggering pace, the focus of the world economy has quietly shifted to emerging economies.

The BRIC countries, as the outstanding representatives of emerging economies, are "the best side of the scenery", which has made international investors flocking to it.

After the accession of South Africa, whether more emerging economies are expected to become "new BRICs" has become a hot topic among the parties.

Egypt, Turkey, Indonesia, Mexico and Nigeria are all "hot" candidates for speculation.

It may take a long time for the BRICs to expand again, but the recent development of the BRICs cooperation mechanism has greatly promoted cooperation among emerging economies and formed a concerted effort to cope with a complex new international political and economic situation. The effectiveness and impact of the mechanism is beyond doubt.

The growth of the ranks is bound to further enhance the right of BRICs and even the emerging economies to speak in international affairs.

From this point of view, the expansion of BRICs is moving in a timely fashion, and the general trend of the global economy is coming.