Countries like Malaysia and Thailand are flocking to join BRICS as a potential ‘counterweight against U.S. economic hegemony’ (fortune.com)
from cyu@sh.itjust.works to world@lemmy.world on 29 Aug 15:14
https://sh.itjust.works/post/24415618

#world

threaded - newest

MediaBiasFactChecker@lemmy.world on 29 Aug 15:15 next collapse
Fortune Magazine - News Source Context (Click to view Full Report)

Information for Fortune Magazine:
> MBFC: Right-Center - Credibility: High - Factual Reporting: High - United States of America
> Wikipedia about this source

Search topics on Ground.News

https://fortune.com/asia/2024/08/21/why-do-malaysia-thailand-want-to-join-brics-hedge-china-russia-us/

Media Bias Fact Check | bot support

Omgboom@lemmy.zip on 29 Aug 16:07 next collapse

i.imgur.com/eipugIu.jpeg

SlopppyEngineer@lemmy.world on 29 Aug 16:24 next collapse

Trying to please the old and the new Lord simultaneously and probably getting pushed by both

tal@lemmy.today on 29 Aug 18:08 next collapse

Jim O’Neill, former chief economist at Goldman Sachs, in 2001 argued that Brazil, Russia, India, and China would be the key drivers of global economic growth, coining the term “BRIC.”

China and India might. Brazil is considerably smaller and going to just pull less weight, unless something changes. Russia is heading in the wrong direction in 2024.

Chewbaccabra@lemmy.world on 30 Aug 00:57 collapse

I don’t know anything about economics but this is an interesting and recent Chapo podcast on the topic: youtu.be/rq5vxvS615Y

Iirc they say putting an embargo on countries will cause a cascade with all banks that use USD. They extend this to suggest that the US has sanctioned a third of the planet overall.

WanderingVentra@lemm.ee on 30 Aug 03:46 collapse

Going to do what I do every time an intriguing video or podcast episode is recommended to me that’s an hour long : save this comment, remind myself to listen to it once later, than forget. But maybe writing this comment will actually push me to listen to it this time lol.