Tag Archives: BRICs

Economic growth in G7 versus Brics: A reality check (M&G)

In the UK, the BBC prepared and published data from the International Monetary Fund (IMF) in January about various nations’ growth forecasts for 2023 and 2024.  The BBC foregrounded some bad news for the UK. Of nine major industrial economies — the G7 (the UK, US, Canada, Japan, Germany, France and Canada), plus Russia and China — […]
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BRICS bank can help African countries tackle urgent challenges (AN)

The New Development Bank, a collaborative initiative of BRICS nations established in 2015, stands poised to play a pivotal role in funding crucial African endeavors, according to its President, Dilma Rousseff. Former Brazilian President Rousseff, speaking in Johannesburg, emphasized the strong partnership between the BRICS countries and Africa. She highlighted that the bank’s focus will […]
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Brics relations can boost townships, says presidency (BL)

Ahead of Brics summit, Maropene Ramokgopa says bloc offers opportunities to develop township economies. Government policies should be tailored to encourage investment in the township economy, planning, monitoring & evaluation minister in the presidency Maropene Ramokgopa said on Tuesday.“We must leverage on our country’s enabling legislation to capacitate, support and accelerate township economies. To harness […]
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SA-Russia trade is minuscule even among BRICS members (DM)

Data show that Russia is an insignificant trade partner of South Africa. In terms of economic partnerships, it is a clapped-out Lada vehicle, a lemon with not much juice to be squeezed from it. As the BRICS 22-24 August summit looms in Johannesburg — in the shadow of Pretoria’s difficult diplomatic dance over Moscow — […]
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The BRICs go for gold (Forbes)

After months of debate about various currency and commodity baskets, a Russia- and China-led consortium has apparently settled on using gold as the basis of a planned new international currency system separate from the US dollar and euro. As recently reported by state-funded Russia Today, an upcoming meeting of leaders from Brazil, Russia, India and China in August may […]
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Led by China, India, the 5 BRICS nations now contribute more to world GDP than industrialised G7 (ThePrint)

BRICS countries overtook G7 in 2020 by making up a larger share of global GDP in PPP terms, with China & India respectively in second and third positions globally that year. New Delhi: The Covid-19 pandemic served as a watershed moment in several ways, including marking the point when the global economic power dynamic changed in […]
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After BRICs, Jim O’Neill says invest in the MINTs

British economist Jim O’Neill is now looking to Mexico, Indonesia, Nigeria and Turkey, collectively MINTs, as emerging markets with great potential. GIBS Information Centre / GIBSIC‘s insight: BRICs, MINTs – investment: “All have young labour forces, which gives them the demographics to power growth over the next 20 years,” See on http://www.cbc.ca

SA urges BRICS to focus on women empowerment | The BRICS Post

BRICS account for 43 per cent of the world’s population. GIBS Information Centre / GIBSIC‘s insight: BBBEE, SA– “BRICS account for 43 per cent of the world’s population, around 18 per cent of GDP and 40 per cent of currency reserves, estimated at around $1 trillion. “There is a greater need for BRICS Member States […]
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The Political Economy of Global Business: the Case of the BRICs / Journal

Gaining greater knowledge of the characteristics of large firms that dominate the global economy is an inherently important endeavour. GIBS Information Centre / GIBSIC‘s insight: policy implicatons – ” . . .they also share some crucial features: concentrated ownership, with governments and families at the helm, diversification and internationalisation. Policy Implications State ownership of big […]
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