BRICS as an Emerging Bloc: Shifting Dynamics in Global Economic and Political Order
- giuliasaporito10
- Jun 23, 2024
- 1 min read
Updated: Feb 25
In the midst of the geopolitical shifts, BRICS increasing influence is generally underrated.BRICS represents 25% of world GDP and thereby questions G7 and even American hegemony. Learn the far-reaching implications of BRICS possibly decoupling from the U.S. dollar, challenging the IMF and World Bank in international finance and geopolitics. Further, examine in depth BRICS initiatives like the Contingent Reserve Arrangement which aim to advance the financial sovereignty of emerging nations, holding the promise of a more balanced international economic order and that advocate for greater global representation and economic democratization mark a fundamental transformation in the global order.
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