BRICS vs G7: Shaping New Global Economic Order?

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  • Опубликовано: 16 сен 2024
  • The video "BRICS vs G7: A New World Order?" examines the shifting dynamics between the BRICS nations (Brazil, Russia, India, China, and South Africa) and the G7 (United States, Canada, France, Germany, Italy, Japan, and the United Kingdom).
    BRICS countries have experienced rapid economic growth, now contributing a larger share of global GDP in terms of purchasing power parity (PPP) compared to the G7, although the G7 still leads in nominal GDP.
    This economic rise of BRICS signifies a move towards a multipolar world, challenging the traditional dominance of Western powers and institutions like the IMF and World Bank.
    The recent expansion of BRICS, with the inclusion of new members such as Saudi Arabia and the UAE, aims to enhance its economic and geopolitical influence, positioning it as a counterbalance to the G7.
    BRICS seeks to amplify the voices of emerging economies by focusing on economic cooperation and creating alternatives to Western financial systems, while the G7 remains influential in addressing global challenges.
    Despite internal challenges due to the diverse interests of its members, BRICS presents opportunities for collaboration on global issues, potentially reshaping global governance

Комментарии • 1

  • @ThinkBRICS
    @ThinkBRICS 23 дня назад

    It's hard to comment because we don't speak Hindi but it looks like a good show!