Thanks to their demographic and economic potential, the BRICs countries (Brazil, Russia, India, China and South Africa) are now ranked among the world’s largest and most influential economies in the 21st century. Together, the four BRICs countries account for more than 25 percent of global GDP and comprise more than 2.9 billion people (40% of the world’s population). BRICs are already major players in the world economy and their role is only likely to increase over time1 (IMF, 2011). Certainly, the emergence of BRICs is reshaping worldwide international economic relations.