On the 8th and 9th of July 2015, leaders of the BRICS member
states will meet in the Russian city of Ufa for the 7th BRICS
Summit.
BRICS is an association of countries with some of the fastest
economic growth in the world, and includes Brazil, Russia, India,
China and South Africa. They are characterised by making
significant contributions to global economic development, and have
served as inspiration for developing countries around the world.
However, BRICS countries are currently encountering difficulties
with economic development – such as China's slowdown on
economic growth; the depreciation of the Russian Rouble; high
inflation rates in India; social instability on the rise in Brazil;
as well as labour issues in South Africa. Nevertheless, these
problems can ultimately be seen as a travail in the economic
development process, and can be expected with such rapid levels of
growth. In order to survive this struggle, these countries need to
cooperate in mutual
