Could BRICS Challenge U.S. Dominance in Global Economy?

Explore how BRICS, comprising Brazil, Russia, India, China, and South Africa, is reshaping the global economic landscape, challenging the Western-dominated world order. From its historical roots to modern achievements, this video delves into BRICS' rise as a formidable economic powerhouse. Discover the creation of the BRICS bloc in response to shifting global power dynamics, its expansion to include 22 potential new members, and the establishment of the New Development Bank (NDB) as an alternative to traditional financial institutions. Uncover the appeal of BRICS' non-interventionist approach, its unified stance on conflict resolution, and the proposal for a gold-backed common currency to counter the dominance of the US dollar. Insights from Ruchir Sharma's "Breakout Nations" shed light on the economic potential and challenges faced by these emerging economies. Join us to understand how BRICS is actively challenging conventional norms, fostering a more inclusive and multipolar global economic order. 15th BRICS Summit in South Africa. Like, comment, and subscribe for more in-depth coverage of global economies and geopolitics. Watch complete video and do not forget to visit our channel for more interesting videos.