Source: The Daily Economy
by Peter C Earle
“The expansion of BRICS carries significant economic implications. Collectively, the bloc’s members now account for a substantial portion of global GDP and represent over half of the world’s population. By expanding its membership, BRICS is positioning itself as a more inclusive and powerful alternative to Western-led financial institutions. Member nations have increasingly expressed interest in reducing reliance on the US dollar, exploring alternative payment systems, and strengthening trade relations within the bloc.” (03/10/25)