Brics: The G-7 Economic Alliance’s Rival, Explained

776,092 views Aug 22, 2023 #BRICs #WSJ #Economy
The Brics economic alliance – formed by China, India, Russia, Brazil and South Africa – is considering an expansion, with more than 20 countries including Saudi Arabia and Iran having formally applied to join the bloc. Brics countries already make up more than 40% of the world’s population and almost a third of the world’s GDP.

WSJ’s Alexandra Wexler analyzes the membership frenzy and whether an enlargement can ultimately threaten the powerful G-7.