geoning blue-water navy with multiple aircraft carriers? August: China hosted the BRICS Sum- mit in Xiamen, East China’s Fujian prov- ince. The five BRICS countries — Brazil, Russia, India, China and South Africa — have increasing influence on global econo- my and politics, but does BRICS as an orga- ni

Xiamen, East China’s Fujian prov- ince. The five BRICS countries — Brazil, Russia, India, China and Sout

estern powers, the more it will be evident that there is a growing mismatch between ambition and resources. That gap could, one day, be filled if the Brics and other rising powers change their attitudes to liberal interventionism. But there is very little sign of that happening. The Chinese government, w

whose title summed up its conclusion: "Emerging Markets: As the Tide Goes Out." Tides also come in, of course, so the important question about the BRICs is whether their poor performance of the past few years stems from cyclical, transient causes or is due to longer-term, more deeply rooted forces t