Countries like Malaysia and Thailand are flocking to join BRICS as a potential ‘counterweight against U.S. economic hegemony’ - eviltoast
Analysts say countries like Malaysia and Thailand may want to hedge in a more polarized world and get better access to China and India.
  • tal@lemmy.todayEnglish
    7·
    4 months ago

    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.