As Brics develops and expands, countries need to be held to a set of rules on how they interact with one another, says BLSA CEO.
I was pleased to see the Brics Summit last week did not become an open season of anti-West rhetoric. Indeed, it was much more positive and productive, with member nations focused on how they can support each others’ development and a rules-based multilateral system. The striking feature of the sessions I attended was the common challenges that the Brics nations face.
We need to leverage that to become competitive in ultimately serving fast-growing markets like India and China. Of course, the summit was also heavy with geopolitical issues, there was no escaping that. Those are for the politicians to sort out and business can only hope that sensible choices are made in the interests of South Africa.
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