BRICS

China has been one of the largest economies in the world and the largest emerging economy in Asia.  However, India is living in the shadow of China's economy and stratagizing how they can come out of China's shadow and balance out the power in Asia.  India has six different options to balance the power between them and China: staying unaligned, hedging, building an indigenous military power, forming regional partnerships, aligning with China or aligning with United States.  If India were to align with the US they could counter China's power and if  they go the regional and domestic route they could compliment China's power.  China poses many threats to India such as a far stronger military force, their influence in new and established organizations like the UN, China's alignment with Pakistan and other south Asian countries and China's economic power that allows them to spread their influence.  Rajagopalan, R. (n.d.). India's Strategic Choices: China and ...

At their last meeting one of the largest issues the BRICS nations talked about was how to stay relevant in the marketplace today and what they need to do to adapt.  Originally there was only Brazil, Russia, India and China in the group and they added South Africa in 2010.  In more recent years they have invited other emerging market countries to their summits.  The issue with BRICS right now is that Brazil is not the strong emerging market it used to be, Russia is struggling economically and the only reason South America is in is to have influence in Africa.  China and India are the only ones that are not struggling because of their size and are the two most important emerging markets in the world.  The BRICS nations have been overrun by events rather than helping their emerging economies grow and become stronger.  The BRICS nations have transitioned into the CHIPs nations, which stands for China India Plus.  China and India have become the most powerf...