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This is an archive article published on November 4, 2014

Expand BRICS into BRICKS: Kaushik Basu

BRICS should think seriously of drawing Kenya into itsranks and correcting the annoying spelling mistake that it is,” Basu has tweeted.

The five-member block of emerging economies, BRICS, should consider drawing Kenya into its fold to become ‘BRICKS’, World Bank’s chief economist and India’s former chief economic advisor Kaushik Basu has said.

Originally this grouping was known as BRIC, after global financial giant Goldman Sachs’ Jim O’Neill coined this term in 2001 for Brazil, Russia, India and China, for being the four most important emerging economies of the world.

“BRICS should think seriously of drawing Kenya into itsranks and correcting the annoying spelling mistake that it is,” Basu has tweeted.

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