In a previous post, I distinguished three bases for grouping countries. In this blog, I discuss the BRIC and its possible expansion to BRICSAM in that context.
The Creation of Clubs
States form international institutions self-consciously to achieve some objective(s). The institutions can be organized along areal or functional lines. They can be universal and include all members of some specified set or they can be clubs of subsets. Creating any institution then requires some agreement on purpose, membership, and procedure.
Most groupings emerge from the vision of political leaders and their political needs. The BRIC case was somewhat different.
Origins of the term in objective analysis
The term BRIC was coined in 2001 by Jim O’Neill, head of global economic research at Goldman Sachs. It was a Continue reading