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.
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
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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 comments
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.
Shanghai cooperation is better.
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.
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?
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.
BRICS is still around? WTF for?
People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin
They will flourish once they kick india out of the club!
ram ram g͏a͏u͏ m͏a͏t͏a͏ 😭🙏
Investing in something I good I just made $15,000 last week Nice video by the way.
Worst reporting😡😡😡😡
Much better than Qatar !
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!
Anti India media. My humble request to Modi_ji, plz ban these type of channels.
So bad information about India Al Jazeera . Narendra Modi is best pm for ever.
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.
Is Qatar become Chinas little baby , Why she is so exited on her dady china
Xi-Jazeera
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.
Al Jaz always is biased against India- to a point that it makes them sound stupid and silly.
So, Will BRICS become ICS? I understand it's a joke. To be fair only China have done very well, maybe there will be only C.
Idiot from London
Despite all the economic crisis this is the right time to start up an investment
Terrorist news network Al Qaeda always have problems with India.
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 😉😉
India should be kicked out of BRICS
No
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!
some members should work on providing clean toilets for tourists. still that goal is not achieved
Brazil, Russia and South Africa are all pretty stagnant…
U don't know anything about india.
Becoming fail group bcos of loser 2020 super pooper, better kick that dark sla ve out for better future