South Africa’s representative to BRICS Ambassador Anil Sooklal has hinted that the grouping is set to grow bigger this year with more than 30 countries having formally and informally applied to join the alliance.
The development will come as a blow to the United States of America and other Western nations, which will see their GDPs dwindle to that of the BRICS.
BRICS is an acronym for the powerful grouping of the world’s leading emerging market economies, Brazil, Russia, India, China and South Africa. The BRICS mechanism aims to promote peace, security, development and cooperation.
Anything but... the US's sanctions that destroyed the economy of many countries.
Economic sanctions, often illegally imposed, have a lasting negative impact on the populations in targeted countries and almost never achieve their stated goals, claims a new study published by the Washington-based Center for Economic and Policy Research (CEPR).
Economic sanctions, often illegally imposed, have a lasting negative impact on the populations in targeted countries and almost never achieve their stated goals, claims a new study published by the Washington-based Center for Economic and Policy Research (CEPR).
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