Basically just those two questions
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The G7 is a group of the USA, Canada, UK, France, Germany, Italy and Japan. 10% of the world’s population but 50% of the cash. They are informally linked to discuss politics, economics and some military co-operation.
BRICS are the same idea, but different countries. Initially Brazil, Russia, India, China and South Africa, they represent far more people with an increasing share of the pot.
In 1992 the G7 had 46% of global purchasing power and BRICS had 16%. By 2020 the two were equal, and BRICS has continued to rise at the expense of the G7. And that’s before the Saudis and the UAE join.
Let’s hope they’re as generous to us as we were to them, LOL.
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