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We need to adjust our economic structure, achieve development of better quality, build closer economic partnership, boost the building of an open world economy and establish a global development partnership
Tuesday, February 27, 2024
Yuan Transactions Hit One-third of Total Russian Export Payments
BRICS nations’ share in Russia’s trade balance has also doubled to almost 40% in the past two years
The 15th summit of the BRICS member states was held in Johannesburg, South Africa, on August 31, 2023. These groups of big emerging national economies have announced the addition of six new members in an attempt to restructure the global liberal economic order and provide a counterbalance to the US and its western allies
Larionova and Shelepov’s research, titled “Brics, G20, and global economic governance reform” and published in the International Political Science Review (2021), highlights the influential role of the Brics association, which includes Brazil, Russia, India, China, and South Africa, in reforming global economic governance
The number of millionaires in the bloc is expected to see a massive surge over the next decade, according to a newly released report
The international financial and development institutions should be reformed to reflect the interests of the Global South, Secretary-General Antonio Guterres has said.While the BRICS can play an important and complementary role for developing nations, he stressed that it should not contribute to a fragmentation of the world economy
Small and medium-sized enterprises (SMEs) are crucial to many economies worldwide, contributing significantly to job creation, innovation, and economic dynamism. In Russia and China
South Africa is set to work with China and other countries to build a research base on the moon