China's Brics-Plus partnership could transform global trade

Ellie Donnelly

There may be a backlash against globalisation in much of the West, but the club of big emerging economies Brazil, Russia, India, China, South Africa (Brics) is becoming the glue for new inter-regional trade alliances.

However, despite the creation of a common New Development Bank by the Brics, and other initiatives to boost economic ties between members, the countries are beginning to encounter limitations to further integration, according to a new report by the World Economic Forum (WEF).