Shocking Market Insights
Is the world order about to go into disarray? The coalition of Brazil, Russia, India, China, and South Africa, also known as BRICS, has made a dent in the West’s global economic and political hegemony. After years of the international stage being controlled by a handful of countries, be it the United States or the United Kingdom, a bloc of developing economies (is China really developing?) is attempting to embark upon a campaign of death by a thousand cuts. But will this be a successful endeavor, or will American and European might prevent a brick from being hurled at Uncle Sam’s window?
The Rise of BRICS
At its 15th annual summit in Johannesburg, South Africa, the group announced that six countries had been formally invited to join the coolest kids on the emerging market block: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. If accepted, membership…
