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Daily Briefing: DOES BRICS CHALLENGE THE INTERNATIONAL ECONOMIC WORLD ORDER?

Analysis | Why BRICS Is the Club Israel Doesn’t Want to Join:  David Rosenberg, Haaretz, Aug. 24, 2023
A BRICS Currency Replacing the Dollar is a ‘Ridiculous’ Idea, Says the Top Economist Who Named the Group—Unless China and India Become Allies:  Will Dniel, Fortune, Aug. 16, 2023
BRICS Swings Big with Invitation of Middle East Countries – Analysis:  Seth J. Frantzman, Jerusalem Post, Aug. 24, 2023
The Fragmentation of the Old World Order:  Frank Furedi, Spiked, Aug. 25, 2023


 

dollar sign illustration, dollar, symbol, money, currency, finance, business, cash, sign, icon – pxfuel.com

 

A BRICS Currency Could Shake the Dollar’s Dominance:  Joseph W. Sullivan, Foreign Policy, Apr. 24, 2023 Talk of de-dollarization is in the air. Last month, in New Delhi, Alexander Babakov, deputy chairman of Russia’s State Duma, said that Russia is now spearheading the development of a new currency. It is to be used for cross-border trade by the BRICS nations: Brazil, Russia, India, China, and South Africa.
 
Iran Seeks BRICS Ties with Powerful Non-Western Economies – Analysis Seth J. Frantzman, Jerusalem Post, July 4, 2023 — Iran is doing outreach to South Africa ahead of a meeting there of the BRICS countries, which include Brazil, India, China, South Africa and Russia.
 
BRICS Expansion Faces Eleventh Hour Hurdle as Divisions Persist: Carien du Plessis and Kristin Kaushik,  Reuters, Aug. 23, 2023 — A deal to expand the BRICS group of leading developing countries appeared stuck in eleventh hour negotiations at a leaders summit on Wednesday, threatening to undermine the bloc’s ambition to give the “Global South” more clout in world affairs.
 
LISTEN:  An Expanded BRICS Is Not Necessarily a Stronger One:  The Economist, Aug. 25, 2023 — The alliance was always based more on common fortunes than common interests. We ask what to make of the six new members, and whether the bloc’s motley nature undermines its purpose.

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