BRICS reaching out to PEAKS: the next wave of expansion

... the Global South. These criteria potentially can narrow down the circle of countries that may be viewed as the second wave of BRICS to the following emerging economies: East Asia: Indonesia as a G20 member and the largest economy in ASEAN South Asia: Pakistan as the second most significant economic power in South Asia after India Africa: Egypt as one of the leading economic powers in Africa Latin America: Argentina as one of the heavyweights in Latin America Eurasia: Kazakhstan as the second largest economy in the CIS space Middle East: Saudi Arabia as the leading economy in the ...