Ever since Jim O'Neill at Goldman Sachs coined the term BRICS in 2001 there have been many different assessments of these major emerging economies, with some even proclaiming that the promise of the BRICS (comprising Brazil, Russia, India, China, and South Africa) is over. However, the so called...

"The first of the UN Millennium Goals was to reduce extreme poverty and it was in 2014 halved compared to 1990, and now the goal is to eradicate poverty and hunger by 2030. The reduction in poverty is to a high degree the consequence of the rapid economic development in a few countries,...

Along with the fast growing economy, the term 'BRICs' was coined to represent the newly emerging countries of Brazil, Russia, India and China. The enhanced economy in these countries has largely improved people's lives; at the same time, it has also strongly influenced the transformation of...