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- BRICS: Here’s what to know about the international bloc
With 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
- Five questions about the BRICS nations | World Economic Forum
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests
- BRICS New Development Bank turns four: what has it achieved?
Here’s a potted history The bank was established in July 2015 by the BRICS countries (Brazil, Russia, India, China and South Africa) The aim of the bank is to mobilize funding for infrastructure and sustainable development It’s ownership structure is unique, as the BRICS countries each have an equal share and no country has any veto power
- What is the state of the BRICS economies . . . - World Economic Forum
The 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 Forum
In 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
- 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
- 5 factors limiting the impact of the BRICS nations
The BRICS – Brazil, Russia, India, China, and South Africa – now represent 3 billion people and a combined GDP of 16 trillion dollars The group is the ‘third giant’ after the EU and the US But BRICS member nations are too different, and have too few synergies, to represent a solid economic and political power
- What is China’s role in the BRICS? | World Economic Forum
In fact, the BRICS countries remain an economic force to be reckoned with, accounting for 25 7% of world GDP, 42% of the global population, and 17% of total trade They attract more than 18% of the global total of foreign investment, hold 40% of all foreign-exchange reserves, and account for 30% of total foreign holdings of US Treasury bonds
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