It was 4 countries to start with (bric) Brazil, Russia, India and China .... The term bric was coined by a Goldman Sachs investment bank economist named Jim O'Neill who first used it in a meeting he had with the group in 2001. Then they added South Africa as a country with rapid economic growth. This term first appeared in a note by Jim O'Neill, an economist at the investment bank Goldman Sachs, and was taken up again in a report published by two economists from the same bank.
The BRICS+ is now a group of ten countries—Brazil, Russia, India, China, South Africa, Iran, Egypt, the United Arab Emirates, Indonesia, and Ethiopia—aiming to rival the Group of Seven.
The BRICs are high-growth countries whose weight in the global economy is increasing at the beginning of the 21st century.
The BRICS countries use their national currencies to trade among themselves to reduce the influence of the dollar in world trade so that the United States cannot use the dollar to unjustly sanction other countries, for example, Cuba accepts to work with Russia, and Russia trades with China in yuan, etc.
With the support of Putin and the impetus of the BRICS, Cuba becomes the bloc's first financial laboratory on the continent. Is a new era without dollars coming? What does this mean for the region and for the United States? Get ready, because the geopolitical tableau is changing.
This report tended to show that the economies of the BRIC countries would develop rapidly; the total GDP of the BRICs should equal that of the G7 by 2040.
The arguments supporting this study are that these economies have adopted the market economy, and have undertaken reforms allowing them to integrate into the global economy, in particular education, foreign direct investment, business creation.
According to the newspaper Le Monde, Mexico, South Korea, and Turkey are reportedly interested in joining the group. On July 31, 2022, Algerian President Abdelmadjid Tebboune announced Algeria's intention to join the BRICS. On November 7, 2022, Algeria officially applied to join the BRICS.
In their latest publications, the OECD and the World Bank use the term "BRIICS" to refer to the bloc of the largest emerging countries, including Indonesia. Indonesia is a populous country with over 250 million inhabitants and a strong economy.
Cooperating with the BRICS+ countries is an opportunity that the AES countries must seize to escape from the French colonial yoke, which is playing every maneuver to keep the former colonies in a state of poverty and then use the system of exploitation to remain.
Many people still don’t realize just how deep the imbalance runs—but this expose lays it out clearly. The structure of the United Nations was never built to favor Africa. From its very foundation, the UN’s power dynamics were shaped by colonial empires—at a time when nearly every African country was still under foreign control. To this day, Africa remains underrepresented in key decision-making bodies like the UN Security Council, where zero African nations hold permanent seats.
In this powerful exposé, we break down the historic and ongoing structural bias against Africa within the United Nations. From aid dependency to lack of global influence, you'll see how Africa was boxed out and how that's finally beginning to change. Leaders and nations across the continent, from Burkina Faso to Namibia, are waking up, pushing back, and rewriting the rules of engagement on the global stage.
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