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Bookmark or Share- BRICS: Here’s what to know about the international blocWith the addition of Iran, the UAE and potentially Saudi Arabia, the BRICS group could control nearly half of oil production worldwide and account for an estimated 35% of total oil consumption, according to an analysis by S&P Global. “With Saudi onboard the BRICS grouping would be a commodities powerhouse,” the report states.
- The next ten years of BRICS - will the relationship last?Russia sees BRICS as a geopolitical counterweight to the eastward expansion of the Atlantic system. For South Africa, BRICS is a means to legitimize its role as a gateway to and powerhouse of the African continent. BRICS allows Brazil to collaborate in the shaping of the Asian century, despite its geographical location.
- BRICS-plus: Alternative globalization in the making?Thus, rather than expanding the core set of BRICS members, the BRICS+ initiative seeks to create a new platform for forging regional and bilateral alliances across continents and aims at bringing together the regional integration blocks, in which BRICS economies play a leading role.
- What is the state of the BRICS economies? | World Economic ForumThe BRICS club (Brazil, Russia, India, China and South Africa), which used to be known for its tremendous growth potential, is today in the midst of severe economic and political woes. Apart from the Federal rate increase which has contributed to the mounting debt burden for these economies; falling global commodity prices have affected these ...
- BRICS in Expansion - The World Economic ForumIn light of its expansion, BRICS will contain 46% of the world's population and 25% of global exports, and its GDP will exceed that of the G7. As the bloc calls for a united stand of emerging and developing countries, how will it forge consensus among its diverse members and contribute to the reshaping of the global geopolitical and economic landscape? Simultaneous interpretation in English ...
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