4.7 • 1.4K Ratings
🗓️ 22 August 2023
⏱️ 33 minutes
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The BRICS summit is a meeting of major emerging economies - Brazil, Russia, India, China and now including South Africa. Yinka Adegoke, editor of Semafor Africa, previews the summit and explains how Russia and China in particular are hoping to have a stronger influence on African countries.
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0:00.0 | The Brian Lair Show on WNYC. Welcome back, everybody. |
0:14.0 | I'm Brigid Bergen, filling in for Brian today. Today marks the start of the Bricks Summit, |
0:19.8 | bringing together heads of state from five non-Western major economic powers. |
0:24.9 | We're talking Brazil, Russia, India, China and South Africa. |
0:29.2 | They'll meet in person over three days in Johannesburg. |
0:32.5 | Notably, President Vladimir Putin of Russia is unable to appear in person due to an arrest warrant |
0:38.4 | issued by the International Criminal Court over war crimes in Ukraine. |
0:43.1 | He's attending via video call instead. To understand the goals of the individual Bricks' |
0:48.8 | member states at this summit, as well as the broader ambitions of the group as a whole, |
0:53.4 | I'm joined by Semicor's Africa editor, Yinka Adegoke. Yinka, welcome back to |
0:58.9 | WNYC. Thank you for having me. |
1:02.8 | Can you start us off with the basics? When was Bricks formed and for what purpose? |
1:09.8 | So, Bricks was formed in 2009. It actually came out of a paper by a Goldman Sachs economist who |
1:19.1 | coined the term Bricks, you know, Brazil, Russia, India, China initially. |
1:25.4 | And in 2010, South Africa was added to make it the, you know, Bricks, the S on the end of that |
1:32.0 | of a brick. And the idea was, you know, basically economic cooperation, |
1:39.1 | you know, multilateral development, the kinds of ambitions you'd expect from these emerging |
1:43.4 | economies, right? Initially, I'm very early on, it was, as I say, it was very much about the |
1:49.7 | economic cooperation, but over time, you know, there's been an emphasis on sort of geopolitical |
1:57.7 | influence. Russia in particular has always kind of wanted that and China more so in recent years |
2:06.4 | on the Xi Jinping. Can you talk a little bit and you're starting to get into it, but the power |
2:15.7 | of the member nations in this group and how they compare in population size and maybe GDP to say |
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