The BRICS Explained
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- čas přidán 11. 09. 2024
- Will the BRICS be the next big alliance in the global economy? Let me know what you think down in the comment section :)
#brics #bricsexplained #bricseconomy #brazil #russia #india #china #southafrica #economicsinaction #bricseconomies
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South Africa could easly fit in this group ,considering it posses more than 2.5 trillion USD worth of ore reserves.
India is carrying this group name with his vowel
*Her.
India is Motherland.
not only pranouncing
br I cs
center of world
Argentina won't be long I'm sure. The fact they aren't a brics nation yet still baffles me. It's literally THE fix to their economic woes.
South Africa's inclusion is honestly more for influence, than economic.
South Africa has always been the most industrialised nation in Africa, and its political climate is a lot more stable.
Whereas with the other two African candidates mentioned, one -Nigeria has militants that are occupying the countries resources such as the oil field, and the other -Ethiopia was still at war with Eritrea, and was thus in the process of creating stability.
All of this, plus the fact that South Africa is part of the G20 (the only African country by the way), adds more weight to their case.
But still, the economic situation is rather disappointing.
If anything I meant anything is to be talked on Africa, Nigeria is number one. Militancy has nothing to do with joining brics. The richest black on planet is a Nigerian based in Nigeria the 2nd richest person is a Nigerian and the richest black woman in Africa is a Nigerian what are we talking about?
1 year later, another African joined the brics => algeria
@@TkGz that explains why energy (petroleum) is the backbone of modern economic.
@@usmanibrahim5824 If Nigeria is so rich why do they and other African nations flock to South Africa in their millions?That's what we are talking about.
@@machibamaime4095 my dear, you misunderstood the definition of richness completely. There's always different ways of riches, china is now number 1 ahead us but you can finds their citizens all over the world. The nigerians you see in your country are the southern part of Nigeria people who are every part of the world and they have their choices to go to anywhere and live.
The fact that a union with 9 times the population of the U.S. had a lower GDP than the U.S. (even a year ago) just shows how ridiculously rich the United States is. And yet they still don’t have universal healthcare or proper social networks, nor do they invest as much in things like renewables than even China alone (less than two thirds as much) despite blaming China and India for climate change despite China taking more action than the United States (whilst having half the emissions per capita) and India literally emitting marginally less than the U.S. despite having over four times the population.
Rico hahahaha o país que mais deve no mundo 30 trilhões de dólares pode ajuntar mais de 20 país que não dá o que os EUA está devendo .pais caloteiro
What a crock!
Go back and read again
Saudi Arabia JUST JOINED Brics...
That’s funny.
The Presenter has a very understandable accent. Very good pronunciation. Perfect speed. Very good logical format...need I say more...thank you...
Thank you :)
New sub earnt, I found you via a comment on Economics Explained. Nice content-commentary-train of thought, nice thumbnails, nice audio, just a piece of advice: check/enhance your seo meta tags via the youtube upload panel a bit more (perhaps get inspiration from other channels), and, most importantly, consider getting a more interesting logo to help you stand out more in the comments sections, you deserve to grow more! Good luck!
Hi Giorgos, thank you so much for your advice :) It's all a working progress for now, so changes will be made as I go along and develop new skills, I appreciate the sub and I hope you enjoy future content that I have planned to release :)
Your presentation is top notch and your simulation is marvelous in fact you have nailed it
Thank you very much! :)
The only obvious thing to make BRICS work efficiently is that they should start a new way of relating with each other on all levels, not just economics.
One way would be to start considering their borders as unnatural as they really are.
What is the point for China and India fighting over a territory that should belong to both, and in turn to the entire planet?
Another way would be to work out the so called religious differences.
Religion has kept all of us, religious or not, separated for thousands of years and it has been one of the main reasons, if not the only one, at war with each other.
BRICS is a huge step forward on solving these "differences" and it is a breath of fresh air in a world that it has been trying the "old fashion way" for too long.
Greetings from Toronto.
It's good to see that the BRICS are finally showing the world that they are a force/economy to be fully recognized. In spite of India straddling the fence and reluctance to minimize it's Western association, Iran, Argentina and possibly Venezuela are more than ready to step in.
Tell me what the have they done so far besides talking
@@Golden-lviv goods exchange in their own currencies
@@rohithbs5065 European Union trades in Euros. Which currency Bricks uses?
@@Golden-lviv you know that they are making new currency right
@@rohithbs5065 that’s the part of “talking”. Moreover one of the countries that stands for “R” may not even exist soon or become so toxic that trading with it will bring more drawbacks than gain
I just found a gold mine.. awesome content mate!!
Great content man! Keep it up!
Thanks! Will do! :)
Your content is really good and if the sources of your information can be mentioned in the video discription then people can further read about that information and do their own research as well.
Lots of love from india ❤️
Thank you very much for the comment and suggestion! Will definitely take that into account for future videos :)
No sources because its misinformation thTs just opinions not facts brics is very successful now and it shows usa banks have crashed oil has already dropped in the dollar because people are choosing brics currencies and usa and uk have lost open and most of there oil countries to brics. And people use India and chinas disagreements as a argument for failure but its working. I also think with indias history with America and uk and lack of trust I just shows alot that india still would rather do business with China than the west and jaishankar and shashi tharoor explain that very well especially over the last year
I’m happy to have found this channel, and to be subscriber 96. I hope you keep this up, and can’t wait to see this channel grow
Thanks for the support, will keep the videos coming :)
Amazing content. These edits are amazing.
Thanks, I'm glad you liked it :)
I hope it really will be a multipolar world! I don't want to offend any of the people of the collective West, but they have committed so much crime and none of the mechanisms of international law works if it goes against the interests of Europe and the United States! And what is happening now between Russia and Ukraine should put an end to all this! Nowhere in the Western media do they want to talk about what people living in the southeastern part of Ukraine, Donbass, were going through. Ukraine split and the West was set on European integration and the southeast wanted independence and is friendly to Russia. And while they were bombed and killed in the southeast, no one imposed sanctions on Ukraine and did not even talk about it because it is in the interests of the United States and Europe! I hope this is the last war on our land and I am making peace to everyone in the future 🙏
as a guy living in the Eu im obviously not part of the "elite" but the way you write it it really makes them sound like children wanting to make as much money as possible. Its time they wake up
Communism has collectively resulted in FAR worse crimes than the west have ever committed.
Also, there is NO justification for what Russia has done to Ukraine. What a weak attempt to try and excuse Russia. Lol, no one imposed sanctions on Ukraine, because Ukraine hasnt done anything wrong. Russia thinks Ukraine should be part of Russia. You cant just grab land because you think it belongs to you. That's what this is all about. Also, you cant go to another sovereign country and bomb hospitals, schools, residential buildings, infrastructure.
Communist apologists make my brain hurt.
The problem is that in all honesty, BRICS just doesn't really standard much of a chance. Two of its members only get along in photo-ops (China and India), one is about to become a literal failed state (South Africa), and one is economically weak and also otherwise totally isolated from the rest (Brazil). There is no way to formulate a shared policy framework outside of their general distaste for the West. Outside of that none of them are likely to reach a real level of cooperation and as each has very unilateral interests with China and Russia both being semi-colonial states. It's just not realistic.
@@UnspokenOldOne Here comes another expert on BRICS and Geopolitics!😂
@@sawrun4684 Ah yes, because you too are an global economics and trade expert and not just a guy on the internet as well.
Subbed this channel is awesome
Welcome aboard! :)
Your channel has much potential to grow
Reminds me a lot of Economics Explained.
In fact, I'm considering sharing this video with my subscribers later
Go ahead! Thanks for the support, I really appreciate it!
The dispute is only between China and india .
1. The border dispute
2. Trade dispute
3. Due to this russia and india can never trade because of no trade route .
4. China also says he claims some parts of kashmir ,and in support of Pakistan ( who is a enemy of india ) and due to this india has trust issues with China .
Due to this trust issues india is not allowing Chinese companies to start their market in india .
5. BRICS still exists only because of russia , who is a neutral friend of both china and india , without russia brics will end.
6.Three giant asian countries together and all of them wants to dominate at the same time .
Egypt and the Arabs Nations will soon join.
We'll see, I think Argentina and Iran have expressed interest in joining. The more that join, the more difficult it becomes to manage. It will be interesting to see :)
It will be very powerful alliance, no doubt. ;):):)
Yet unlikely to become anything more than a space for diplomacy
@@economicsinaction yea thanks to china
Great video. Really informative. Can you do a video on the Economy of London the same way you did with the Economy of Paris.
Absolutely! The Economy of London video is in the research phase :)
Excellent presentation 👏 of what happening 😔 sad that the western mainstream media keep us un informed! OR under informed 🤔? Why?
"Brics will become a superpower by the coming decades." Tell that to the 🇷🇺 invasion of 🇺🇦.
Subbed :) this is high quality stuff! I hope you get tons of more subs
Thanks! I'll keep working at it :)
Just found this channel and it's absolutely amazing. I am looking forward to new content. Keep up the good work!
Thanks for the comment! More videos on the way :)
when you said ;^many have predicted that the BRICS will take the largest Western In the upcoming decades^ hearing this statement today in 2024 and seeing it take place faster than expected even i will say that this predection is accurate now they are at 40% But if the event in GASA got worse they will defently expend more than this,
Can’t wait see how this plays out
Why only India & china are soo important for BRICS..!
Since they are home to significantly larger populations and their economies have growth rates that outpace Brazil, Russia and South Africa, their weight within BRICS is much more significant. It depends on the goals of the group. But ultimately, if China and India do not trust each other then the goals that can be achieved through their cooperation will be limited.
@@economicsinaction
In your channel there are lots of informative videos but how we can Confirm the data you present us through videos is totally right.
( but your videos are really good)
Absolutely! In all of my new videos I provide the source to the data in the bottom left corner :)
@@economicsinaction
Maybe thats sounds funny but what motivates you to upload videos regular in here.!
@@puka6548 Good question, in short, I am enthusiastic about geoeconomics, geopolitics and everything that looks at understanding how different countries compare and the policies that they have enacted to foster their respective realities. Being able to upload here gives me a space where I can research further and talk about topics that interest me and in doing so I get to learn, read and be exposed to opinions from others who find these topics interesting across the internet. So, as long as my interest for the field continues to exist, I'll keep uploading :)
BRICS is a league of nations that knows the importance of businesses and trade. It aims to provide certainties in exports and imports. It gives clarity of documentation, record keeping, and businesses orientation where consumer protection are applied. Respectively certain. SMEs..Ptd/Trademarks/Copyrights/Registrations/Registered/People's Supreme court for patent filings (China) are practices/measures for businesses programs/that are at par and excellent in accordance to quality/quantity measures and grades, has rights of consumer protection, awareness, tests and product specifics/features according to its laws governing exports/imports. Respectively. Tiers 1 and 2, Levels 1 and 2, Mgmt. Thank you. /./././././././G.M Industries.
It is not even a political organisation in any sense and two of its members are long term rivals.
@@rick7424 in rivals there are reconciliation and realization of practices in areas that needs to be perfected or configured, yet, it is always to apply the standards of quality, quantity as well as trade practices, transparency, TAXATION Standards and methods/applications, since BRICS participating countries are registered TAXES compliant in exports as well as imports per Customs administration standards and measures for exceptional practices. SMEs..Patented/Trademarks/Copyrighted/Copyrights/LLCs/Franchisees(Countries)Brands management/Intellectual Property Rights/SEC/Trade practices and organization and standards/Communications-PLDT-ALL/are well incorporated with the measures as well as practices for cyber security and E-Commerce Law practices/standards for consumers per consumer protection measures. Tiers 1 and 2 Levels 1 and 2 MGMT for Manager for Overseas Affairs/Foreign Affairs/C.O.O/C.E.O/President/E.V.P/for Internal and external affairs/Junior and Senior Executive for Corporate Affairs/Businesses development officers/managers/Country Managers/GENERAL Managers/Supervisors/Respectively certain/./. /./././Parallelogram system™®©/./././ RHD/././G.M INDUSTRIES. DON'T DELETE, THIS IS IMPORTANT. Non-Reversals/ Thank you
Very good i subscribed
Thanks ! :)
Даже если кажется, что у нас что-то идёт не по плану - это просто так кажется, на самом деле у нас всё идёт по плану)) 🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦
I couldn't agree more friend.
Perfect
This is parody right? We’ve heard this before 😅
Russian propaganda
The current war makes sense now
Spot on!!
I think this can be a good thing if the playing field is made level among member current and future member states. My concern is if resource rich countries in Africa and South America are accepted into the fold, the countries with a bigger military prowess would be come a bully, worsening the current exploitation. Also, the US, the Brits and the EU are not going to sit idly, watching this come into fruition. They have too much to lose, especially in Africa. Just my thoughts.
BRICS is not a grouping of equals but ultimately that's not the issue. The USA in NATO is dominant and Germany in the EU holds significant influence. The question that needs to stand the test of time is the interest of the group, all members might want to offer solutions to global western institutions, but can India and China keep their personal geopolitical interests in balance in order for them both to achieve this goal within BRICS? Only time will tell :)
@@economicsinaction
Lol, BRICS is a huge cope.
The only promising members are India and Brazil.
India is the future.
China is a scam economy with a 30% of GDP housing bubble collapsing in a country with the worst debt to GDP ratio in the world.
China could have become strong, but they got too greedy.
Russia is about to turn failed state.
Just see how things goes when Russia no longer can pay its pensions without that oil money lol.
India and Brazil are the only members stable enough to survive to become great if they play their cards right.
That is good as well.
Since China and Russia only holds the interest to rule the world with an iron fist.
USA as a world hegemon is utopia compared to genocidal China.
I don't even get why Russia is in the BRICS to begin with.
Russia has been slowly dying since the end of the USSR.
It is like calling turkey an emerging economy after the end of the great war.
Russia is the sick man of Eurasia.
Well yeah they can get ahead of USA or EU because they are a team. But sadly USA, EU and many other countries are all togheter in an alliance named NATO.
The BRICS, as an alliance, is not strong enough to consider them as stable as a country or the EU.
They are already stronger than nato look It up.
@@ender8759 yes agreed and having China is big trouble for 🇺🇸 🌎
NATO is a military alliance. Brics is economic alliance. There is no comparison between the both.
Keep going, the video needs a more in depth analysis. perhaps you can provide a link to go through some articles where we can learn more. Good job tho.
Thanks for the feedback, it's appreciated :)
All African countries should be focused on unifying their own currency together
Thats what I’m thinking . If only Africa knew the influence and power the continent would have if y’all were to come together as one nation .
Great job man I wish your channel grow very fast
Thanks :)
So why didn't the US take in Brazil or let that nation get away?
lamo Can’t wait see how this plays out
Time will test whether all their interests remain aligned
Nice video! from Brazil
Thanks :)
@@economicsinaction India China border issues doesn’t impact on BRICS… in east we don’t follow Western method of Yes/No but use Yes/No/neutral… Russia keep India China together
The BRICS nations must manage tensions between members & resolve issues as they arise, to remain a cohesive group. Many nations are applying to join BRICS . As membership grow, members must receive any issues & remain cohesive.
BRICS is a challenge to the EU & the US on the global economic & geopolitical scene.
BRICS will bring down the US$ hegemony. Members of BRICS & other nations are using the local currencies for trade. The US$ will not be a reserve currency for much longer & it will devalue. Imports to the US will be more expensive. This will push up inflation in the US.
God bless BRICS
Oh yes these countries are nuts. Can you imagine China being the head?
Their interests don't align as well as some people think :)
ON THE WAY BRICS + COMPO ✌️ ✌️ ✌️ 🎉🎉🎉🎉🎉
Just an fyi...the US has a brics as well... It's called..
The Canadian dollar
The Australian dollar
The Singapore dollar
The Hong Kong dollar
Or aka
C.A.S.H.
South Africa’s got the minerals thats for sure. Trillions of pounds worth. 👍🤣
Just noticed the low views, deserves way more! New subscriber here
Thanks for the sub :)
@@economicsinaction you're welcome mate, honestly this video is just as good as the others with millions, I expected to see at least 100k, keep going and you'll make it I promise 💜
@@LilMazyOfficial Really appreciate the support! I'll keep posting so be sure to stick around :)
I find it kind of odd that South Africa makes it on this list to be honest, when it has a lower GDP growth than almost the entire rest of Africa, and a pretty modest GDP growth rate in general. The same also goes for Russia which seems pretty stagnant overall. I guess the countries are chosen for influence rather than economic growth?
I agree with you there! Perhaps a more populous nation like Nigeria or Ethiopia would have made more sense as an African representative from an economic and demographic viewpoint. In the case of Russia, despite its underachieving economy it's still home to an impressive amount of natural resources and it yields significant influence, so I'd argue that they have a seat at the table for strategic reasons.
Lower GDP than the rest of African countries? No South Africa is at position 2 in The top 10 African GDP
South Africa's financial system is the oldest and most developed in Africa
@@fezekile228 GDP GROWTH, not just GDP. Seriously?
Unless the comment was edited. Then I’ll let you off the hook.
Because they will have to create new catchy acronym. I do agree that Nigeria is more suitable in this group. They deserve it more than South Africa. You know, the country that slowly getting worse and worse...due to politics. My country also being like SA (the politician love to use religion and ethnic to disturb the harmony). But without the killing of minority.
Love you South Africa, don't be mad okay? 😘
Does Algeria's economy recommend it to be a member of BRICS?
Algeria's economy is strongly linked to the export of its hydrocarbons. Expanding connections to export natural gas through Italy to the rest of the EU would perhaps be the easiest way to boost exports. But ultimately the Algerian economy needs to be reformed to reinvest more from the sale of its hydrocarbons back into Algeria, there is nothing specifically that joining the BRICS would change :)
It flew as well as a BRICK !
They are all working for the Western economy now, and it is a competitive relationship. The West groups them together and hopes that they will always work for the West.
Looking at the BRICS today, it looks like a bizarre grouping. It reminds us of the importance of relative political and economic stability to a country's economic growth
@@economicsinaction well well well, I hope you're on with the recent developments au? The turns have tabled. The grouping is bizarre only for two countries (India China) but rest is alright.
good video btw!
Thanks! Glad you enjoyed it :)
Human Beings are super complicated animals . 🥶
Let China accept the Rupee as the official money for the BRICS and I will believe in the strength of that alliance.
Great explanation
Thanks ! :)
I’m trying to figure out how authoritarians will collaborate?
Not sustainably it most likely the answer 🤷
Just came to say that
RIP for ur prediction 😂😂
There has been no progress since I uploaded this video. Tensions between India and China have not received a long term solution and India has reaffirmed it is occupied with working on its own strategic goals/interests. The Russian invasion of Ukraine has strained relations between China and Russia, showing the extent to which China is willing to support Russia. Brazil has had a significant change in direction from Bolsonaro to Lula, it will still of course be a member of BRICS but it will also act in its own interest and not to a common BRICS goal. It is a group of convenience like many intergovernmental groups and when interests do not align, results do not come.
@@economicsinaction yeah for now it seems ur right.. but remember saudi shown interest 😁
@@economicsinaction with Lula signing trade among China and Brazil in local currency shows a common interest, I guess…
* BRICS+, please😉👍
BRICS countries be blessed in the name of Jesus Christ!
I remember Goldman Sachs, Cheif Economist, Jim O'Neil when he coined the acronym term B.R.I.C.S., for which h even thought that I would be just another investment back in 2001. However, due to America's hubris, indifference, cronyism, aggression, threats, bullying, sanctions, military invasions, corruption, arrogance an exceptionalism; B.R.I.C.S. along with its New Development Bank (N.D.B.) attracted many other nations to join, while others expressed their interest to join the the near future. Today there's Asian Infrastructure Investment Bank (A.I.I.B.) and Shanghai Cooperation Organization (S.C.O.) for which many nations around the world share their desire to join. I do suspect that the West will resist to the very end, but if the membership prevails then the U.S. Dollar will no longer be the world's reserve currency. Now Egypt, Indonesia, Bangledesh, Saudi Arabia, Iran, United Arab Emirates and others are more than willing to be invited to the B.R.I.C.S. Summit in August of 2023. If this summit succeeds, then what was once conceived as a pipe dream in view of the West, would be a significant economic, cultural and even military allience to be reckoned with by the West.
By this time they should be having a trade currency not the US dollar
Not all the nations are on the same page with regards to moving away from the USD. Only Russia and China consider this an important policy
@@economicsinaction Brazil also is signing an agreement to trade in local currency.
As long as China increase imports from India and reduce trade gaps BRICS is no n starter.
Brics will be a failierIt wouldn't last very long.It seems on the stage harmonious and successful, but behind the curtain it is bubling.
Watching this video now 😁😁😁😁 these peoples
Now 2023 THE BRICS ARE COMING! THE BRICS ARE COMING 😂
Indeed they are! :)
Question is.. Is it backed by gold?
Question is, what backed up US dollar?
Economics in Action: You economy is not properly acting!
My economy is not acting properly ?
Italy supposed to be in my list as well.
Why would you place Italy in this list?
I think they forgot Italy
Italy has been a declining political and economic power for the last 2 decades and is very western aligned. Its new/current government does not warrant such a large change in foreign policy
Brasil just declared bankruptcy LOL
Really
where? ive not seen this new lol
That's a lie!
Fake, but I don't doubt they will do it soon
@@lu881 fake news… All 5 countries help eachother and give financial support… even india china.. Russia keep everyone in line…. It’s brics va Western world… india Russia va Pakistan china…. China vs india ruasia..
What about BRIICSSTAAN
What failure? Russias GDP growth is to hit over 4% as the US -2%.
Those figures are incorrect. If we take the IMF January 2023 publication as an example growth figures for 2022 and 2023 in the USA and Russia are the following:
2022
USA | +2%
Russia | -2.2%
2023 (Projection)
USA | +1.4%
Russia | +0.3%
Russia is to experience very little economic growth this year in part due to the massive increase in public spending for its ongoing invasion of Ukraine. Without the significant involvement of the Russian state in driving demand within the economy, Russia's GDP figures would be negative. And if the private sector didn't receive this significant increase in demand to manufacturer capital (that has no positive long term impact on future productivity) then it would probably continue shrinking by even more. You can find a link to the IMF's figures below:
www.imf.org/en/Publications/WEO/Issues/2023/01/31/world-economic-outlook-update-january-2023
why such little views??
The algorithm gods!
@@economicsinaction ahh, damn, sad shit I'll share as much as I can ;))
@@aravindsagar2226 Thanks! We're definitely growing :)
SOUR 🍇🍇🍇🍇🍇 Grapes !!!! ??????
Did you know Jacob Zuma initiated BRICS
Saudi arabia joined them now
Saudi Arabia joined the Shanghai Cooperation Organization (SCO). It is seeking to join BRICS, as of the time I am writing this message it is not part of BRICS
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Economy of brics =25t vs usa = 21t
It's more complex than that :)
Yea China and India could be the issue 😂😂
Says the Jealous FALLING American Gov
The US dollar hegemony has now been destroyed ❤😂
Says who? You? Who are you?
B . R. I. C. S.
So now what? Is it going to be BRICSM? With Mexico smh.
This is about language. Why allow newly acquired language users the pole position? BRICS is an ethnic effort that stems from a vacuum of economies that are fueling the desires of minorities who are expected to accept. In a way it is a social movement more than an economic one. These individuals are judged on their abilities and not because they are around and upholding the rights of all. That is in fact what is being relieved? Do you know how dark it can get?
BRICS nations are just as involved in their own interests as any other nation. There is no dark side to it. It is geopolitics.
$50B "US" Dollars!!🤣😂🤣 U'r still measuring yourself based on the American dollar which you claim you want to shed.🤣
Not failure now lol
Bunch of group no one trust each other
Rag tag time.
Brics is a joke they'll never get along wit each other there already infighting
The NDB has maximum project funding at 50 Billion dollars.....Don't make me laugh.....The US Military spends that every month !
the voice making me to.sleep
Canada should join bricks, have we been invited yet?
d
In short, the BRICS is a grouping of emerging markets with regional geopolitical power (and global in the case of China). Canada is neither an emerging market and at a regional level it is the USA who call the shots. In addition to that, the BRICS has a strategic goal of providing alternatives to western institutions, again, Canada is an integrated member of the West. In short, their interests don't align
A new world order, and I am elated.
How would you like the world order to change?
Hahaha
Hahahahahahhaah failure then why you people scared 😅😅
lol
Used 50 billion US Dollars Lmmfao hummmmmmmmmmmmm
The creator seems bias.. so the info are useless
I'm curious, do you think I was bias towards the BRICS or not?
Screw b r I c