Mar 26 2013 10 mins
The Brics started life as a marketing gimmick dreamt up by Goldman Sachs to promote emerging markets, but the notion has taken on a life of its own and this group of nations - Brazil, Russia, India, China and South Africa - are now a formal organisation who have just met for their fifth summit. In this week's podcast, Gideon Rachman is joined by Stefan Wagstyl, editor of beyondbrics, and Andrew England, South Africa correspondent, reporting from Durban, where the group has agreed to set up a Brics-led development bank. But do the Brics matter, what unites and divides these nations, and are we likely to still be discussing this group in ten years' time?
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