Brazilian analysts say emerging economies, including China and Brazil, are playing an important role in promoting global economic development.

The remarks were made prior to a summit of five emerging economies known as BRICS to be held in Brazil next week.

Oliver Stuenkel is an assistant professor with the Center for International Relations of Sao Paulo.

"The United States and Europe cannot decide the trend of the global economy by themselves, because the influence of China, India and Brazil is much stronger. Although some countries are seeing rapid economic growth, the theme of the generation is still that development of multi-polarization and emerging economies have become an important strength to promote the world's economic development."

The BRICS countries, namely Brazil, Russia, India, China and South Africa, accounted for 21 percent of the world total GDP in 2013.

During the latest world financial crisis, the five countries maintained economic growth rates which exceeded the global average.

The BRICS Summit will be held in the Brazilian coastal city of Fortaleza from Monday to Tuesday.