Russian analyst says BRIC unlikely to evolve into organization
10:43, 10 June 2009
MOSCOW. June 10. KAZINFORM The world's largest emerging economies known under the acronym BRIC are unlikely to form an influential organization due to major differences in their economies and culture, a leading Russian economist said on Tuesday; Kazinform refers to RIA Novosti.
The leaders of Brazil, Russia, India and China are due to hold their first ever summit in Russia next week, focusing on the global recession, reform of the financial system, and their further dialogue. The countries' foreign ministers held talks in Russia's Yekaterinburg in 2008, a meeting that was widely seen as an attempt to build a political alliance.
"BRIC has no future," Yevgeny Yasin, head of research at the Higher School of Economics, told RIA Novosti. "I believe it will remain an informal club in form and essence."
"Nothing unites them, and they cannot create a union which, let's say, would control the global economy. They face absolutely different objectives and have no shared interests," he said.
Yasin said Russia was culturally closer to Europe, and that the only thing it has in common with the other three BRIC countries is its poor human rights record; Kazinform cites RIA Novosti.
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