A Best-Case Scenario For The Global South
In the past several months it has become fashionable to talk up the theme of China’s economic demise and the ascendancy of India as the main growth engine of the Global South. Mass media, academic gurus, fund managers and corporates are starting to argue in favor of re-directing financial flows away from China to India Continue…
BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa. The growing economic might of BRICS countries, their significance as one of the main driving forces of global economic development, their substantial population and abundant natural resources form the foundation of their influence on the international scene.