In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘BRI’

BRICS could be the world’s economic beacon

Posted by seumasach on June 25, 2021

The intersection between the BRICS and Johnson’s D-10 or D-11 is fascinating. Do countries like South Korea, South Africa and Australia rally around a twilight project of the British Empire or strive ahead together to play leading role themselves in creating the 21st century global system

Ken Moak

Asia Times

25th June, 2021

The BRICS countries – Brazil, Russia, India, China and South Africa – could recover from the Covid-19 pandemic and its induced recession more quickly if India and Brazil work with China instead of fight it. In doing so, the BRICS could pull the world economy on an upward trajectory for a number of reasons. 

One, the five countries’ economies are highly complementary. For example, Brazil, Russia and to some extent South Africa and India could guarantee the natural resources China needs to sustain its manufacturing prowess. China, for its part, has the capital, know-how and technology to invest in its fellow members’ infrastructures and help their industrialization, taking them to the next stages of development. 

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