By Ben Tavener, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Five of the world’s biggest emerging economies, which together make up the BRICS group – Brazil, Russia, India, China and South Africa - have met in Durban, South Africa, to take part in the fifth annual BRICS Summit. While the event is aimed at cementing relations between the countries in a show of strength and unity that presents an alternative to Western economies, it is also expected to highlight growing competition.

The five BRICS nations now account for seventeen percent of global trade and direct foreign investment in the grouping has . . .

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