Can somebody explain what’s the big deal with this rivalry? Like people are saying that BRICS has already passed up the G7 in (insert certain metric here) and that’s before they add on all these new countries. Like why can’t the G7 just add another dozen european/asian countries, Australia, etc.? Why is everybody going crazy?
In: 0
Looking at the list of largest economies, the G7 has 1-3-4-6-7-8-9 while BRICS has 2-5-10-11-39 (I think SA has a lot of natural resources).
It’s natural that the two groups would be compared. Any “rivalry” is overblown. They are just trade alliances. The countries in each group are too far apart for their economies to merge. Everyone has to trade with both groups. If a trade war develops, this can be revisited, but for now it’s just hype surrounding the meetings that they have.
Latest Answers