It is safe to say that the G20 may have plunged into an irretrievable path toward irrelevancy. Even before the current Southeast Asian summit wave – in Phnom Penh, Bali and Bangkok – Lavrov had already signaled what comes next when he noted that “over a dozen countries” have applied to join BRICS (Brazil, Russia, India, China, South Africa).
If BRICS is new to you, here's some information to familiarize yourself BRICS which organized in the mid 2000's, however, these countries are uniting and more are wanting to join. *This is a right leaning article, that I've added for informational purposes only.
It is safe to say that the G20 may have plunged into an irretrievable path toward irrelevancy. Even before the current Southeast Asian summit wave – in Phnom Penh, Bali and Bangkok – Lavrov had already signaled what comes next when he noted that “over a dozen countries” have applied to join [url=https://thecradle.co/Article/Columns/17447]BRICS[/url] (Brazil, Russia, India, China, South Africa).
If BRICS is new to you, here's some information to familiarize yourself BRICS which organized in the mid 2000's, however, these countries are uniting and more are wanting to join. *This is a right leaning article, that I've added for informational purposes only.
In case you are not getting this, when BRICS comes together this
August 2023, they will bring 23 other nations into the BRICS Alliance.
The combined GDP will be 30% larger than the U.S. GDP
What is BRICS?The five countries constitute BRICS. It’s not a formal alliance, but instead an informal group largely focused on economics. Leaders of the BRICS countries meet annually and a decade ago established their own development bank. But due to their own differences and in the face of a largely US-run global financial system, their efforts have been in many ways symbolic.
Still, that symbolism is potent. As many as 40 countries want to join BRICS, according to South Africa’s 2023 summit chair. At a particularly tense political moment as the West lines up to support Ukraine against Russia, and as the US and China escalate a new Cold War in the making, many countries are seeking alternatives.
In 2001, Goldman Sachs economist Jim O’Neill coined an acronym for Brazil, Russia, India, and China — BRICs. At the time, the four economies comprised only 8 percent of the global economy, but were rising rapidly. O’Neill wrote that they offered investment opportunities and their growth posed serious questions about global governance. “Over the next 10 years, the weight of the BRICs and especially China in world GDP will grow, raising important issues about the global economic impact of fiscal and monetary policy in the BRICs,” O’Neill wrote.
The five countries constitute BRICS. It’s not a formal alliance, but instead an informal group largely focused on economics. Leaders of the BRICS countries meet annually and a decade ago established their own development bank. But due to their own differences and in the face of a largely US-run global financial system, their efforts have been in many ways symbolic.
Still, that symbolism is potent. As many as [url=https://www.reuters.com/world/what-is-brics-who-are-its-members-2023-08-21/]40 countries [/url]want to join BRICS, according to South Africa’s 2023 summit chair. At a particularly tense political moment as the West lines up to support Ukraine against Russia, and as the US and China escalate a new Cold War in the making, many countries are seeking alternatives. [/quote] What is BRICS? [quote] In 2001, Goldman Sachs economist Jim O’Neill [url=https://adamtooze.substack.com/p/chartbook-55-brics-twenty-years-on]coined an acronym for Brazil, Russia, India, and China — BRICs[/url]. At the time, the four economies comprised only 8 percent of the global economy, but were rising rapidly. O’Neill wrote that they offered investment opportunities and their growth posed serious questions about global governance. “Over the next 10 years, the weight of the BRICs and especially China in world GDP will grow, raising important issues about the global economic impact of fiscal and monetary policy in the BRICs,” O’Neill [url=https://www.goldmansachs.com/intelligence/archive/building-better.html]wrote[/url]. [/quote]
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