Discussion of BRICS and Global Economic Shifts

other · August 2023

An article discusses the BRICS group of countries (Brazil, Russia, India, China, South Africa) and their expansion with six new members in 2023. It highlights their efforts to create alternative financial systems to Western institutions and the shifting global economic power balance away from the G7 countries.

Sources

• “At their late-August summit in South Africa, they accepted six new members... They are trying cooperatively to build their own economies, out from under the grip of US/Western hegemony... The G7 countries had a 70% share of the global economy in the 1980’s. That share has now diminished to 44% today.” — The Islands Grapevine – September 14th, 2023 (September 14th, 2023)

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