Debunking Economics - the podcast cover image

Who will win the money war between BRICS and the West?

Debunking Economics - the podcast

CHAPTER

Is There a Single Currency in the BRICS?

China accounts for about 18 and a half percent of global GDP, so more than the US. That's one reason I like the BRICS proposal - they're not talking about a single currency. But would they, and do you think even though they might be doing it to establish trade amongst themselves, we'd all suddenly find that actually we are using it as well? "I mean, if we were buying stuff from China, then, well, that could be a problem"

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