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Home » Have the BRICS moved the centre of economic and political power? | Counting the Cost a financial history of the world

Have the BRICS moved the centre of economic and political power? | Counting the Cost a financial history of the world



Two decades ago, investment bank Goldman Sachs came up with an acronym that was supposed to shift the economic balance of power.

The BRICS – Brazil, Russia, India and China (and South Africa, which was added later) – would, over time, come to dominate the rankings of the world’s richest economies. But 20 years on, the group has failed to live up to its author’s expectations.

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Edward Glossop, emerging markets economist at Aberdeen Standard Investments, explains what has gone wrong.

Plus, former World Bank economist Gregory Smith discussed Zambia’s hopes to sort out its debt problems under a new president.

And, Daimler Chairman Ola Kallenius talks about chip shortages. .

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Have the BRICS moved the centre of economic and political power? | Counting the Cost

Have the BRICS moved the centre of economic and political power? | Counting the Cost

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Have the BRICS moved the centre of economic and political power? | Counting the Cost
a financial history of the world
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31 thoughts on “Have the BRICS moved the centre of economic and political power? | Counting the Cost a financial history of the world”

  1. BRICS is a failure. That term is even obsolete now. The world is now in two camps.

    The US led NATO camp, with Japan, Ukraine and India as its puppets.

    The China Russia led Global South Bloc.

    The latter is wining.

  2. I love your video at large but i will advice everybody who is into cryptos to Stick with ETH and BTC as much as you can guys. If everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind.

  3. Sometimes people are poor because they choose to be poor. People of El Savador have been given an opportunity by their government to make money but they don't want that opportunity. How dumb?

  4. I have too say crypto is life
    I started trading with Mr LInda Ewalt Doing the pandemic lock down,which greatly affected the economy even at that i was still make Good profit from crypto currency when other was busy wait for stimulus check for the government i was at home make money out of crypto currency.

  5. The world has had enough of you Archons! Your reign is over, you will be swept off the land in any way the HIGHEST power chooses, as you can see He has the power to use the good, the bad and the ugly to accomplish His goal. Goodbye!

  6. The problem with you commentators is that you need to look to details. Yu guys support Lula but he is THE reason, for example, Brazil is behind,. But you guys are brain dead in understanding other countries.

  7. If India and China can work together, it will be a game changer but unfortunately the reality is the opposite. BRICS is really nothing but a GS invention.

  8. Please follow my teachings to eradicated this evil disease from the planet. My followers in India have attained great success following my spiritual guidance !

    Step 1) heat up any animal manure in a microwave and spread it on your bodies. Cows tend to have the best texture

    Step 2) Gather any animal urine and drink it to cleanse and detox your body and soul. Again cows are preferred

    I like cows because I’m intimate currently with a very beautiful and sexy highland cow 😉😉

  9. If India redraw contacts with Afghanistan, it's possible determinate the difference from NATO fraud and speculation, in the same forniture!
    It's the same speculation that Russia try to abserve to Siria!

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