Economics Explained: Should The West Worry About The BRICS?


In a recent video posted by 'Economics Explained,' the video highlights the BRICS (Brazil, Russia, India, China, and South Africa) nations' potential and economic power in the world. "Owning around 26.7% of the world's surface area, 41.5% of the global population, 25% of the world's total economic output, an da combined GDP of $25 trillion. That makes this group larger by every metric than the USA or the EU and they're only becoming larger as time goes on... BRICS is the influential economic alliance of Brazil, Russia, India, China, and South Africa, and it is reshaping the global economy. Plans for increased trade and a common currency may challenge the West, leading to concerns about political and economic shifts globally."

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