The BRICS+ Power Shift: Geopolitical Risks and de-dollarization Impact with Dominic Bowen
Risk Management Show
Beyond BRICS: The Quest for Global Economic Representation
The expansion of BRICS to include countries like Egypt, Ethiopia, Iran, Saudi Arabia, the UAE, and Argentina indicates a shifting landscape in global economic power. However, the BRICS group faces limitations in its representativeness of the global South, with the G20 providing a more inclusive platform for addressing international economic issues. Rising tensions between the U.S. and China, coupled with the impact of geopolitical events like Russia's invasion of Ukraine, highlight the increasing demand for agency among developing economies. As these nations represent approximately 37-46% of the global population and contribute to 29% of the world’s GDP, the necessity for greater democracy and representation in global governance is crucial, particularly in comparison to Europe’s 15% contribution to global GDP.
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