This is CBS Eye on the World with John Batchler. Here's John Batchler.

The Global South, bricks. Bricks is Brazil, Russia, India, China, South Africa, meeting

in Johannesburg, South Africa with a very aggressive and ambitious policy program. One piece

of that program is new membership. The General Secretary of the Chinese Communist Party,

Mr. Xi Jinping, has said he wants to see bricks develop into something comparable to the

G7, the richest nations mostly entirely of the Global North. At the same time, bricks

is a product of a banker's idea in the early part of this century, not sharing a continent,

not even sharing a hemisphere, but I welcome Sarang Shedore, the Director of Global South

Program at the Quincy Institute for Responsible Statecraft. Because one concept of bricks

for the future is not just G7, but it's representing the Global South. The Global South

is in motion. There are four states that are listed particularly as interested in joining.

The bricks, not all, are in the Global South, but they certainly identify Saudi Arabia,

Iran, Argentina, and Indonesia. Sarang, a very good even to you. Thank you for this.

The Global South, does it think of itself as an organization, as linked, as in some

fashion, having something in common, the Global South? Good evening to you.

Good evening, John. Wonderful to be here. Thank you for having me. The Global South is an

interesting concept because the term itself starts getting used later on. Initially, they

were called developing countries or the Third World, even earlier. And the origins of this

concept of the Third World comes from the fact that a huge swat of the world, really, if

you go back in history, it starts in Latin America, but certainly more modern times, Africa

and most of Asia were ruled by European powers for centuries. And they became decolonized

African and Asian states, starting around the 1940s, with India and Indonesia being the

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