By Deepak Joshi Pokhrel
Kazan, the largest city and the capital of Tatarstan, Russia, stole global attention a few weeks ago. The reason was that it held the annual summit of BRICS just recently amidst a big fanfare. In the recent past, BRICS has gained currency as it has evolved as a strong voice of the Global South, challenging Western dominance in politics and economy.
BRIC was founded in 2006 and later in 2010, South Africa was included, and it became BRICS. The grouping has held its annual summit since 2009, with members taking turns to host. Before South Africa’s admission, two BRIC summits were held in 2009 and 2010. The first five-member BRICS summit was held in 2011 in China, whi