The five emerging countries (Brazil, Russia, India, China and South Africa) that had the highest rates of growth in the last decade, the BRICS have gained increasing influence in the world economy and politics. The consequences of the economic crisis in the US and Europe certainly contributed to this, but the joint, constant dialogue, and the 500% increase in trade between the five countries have enhanced this growth in power.
Together, Brazil, Russia, India, China and South Africa account for 43% of world population and almost 30% of global GDP.