The BRICS challenge to the world’s established economic order is not a joke, according to experts in the field of international relations. Now that the bloc, which unites leading emerging markets, accounts for over a quarter of the global gross domestic product (GDP), it could become a counterpart of the G7 group of developed economies, they say. BRICS Push for Global Economic and Financial Reform Deemed Hard to Ignore With more countries willing to join BRICS , which currently consists of Brazil, Russia, India, China, and South Africa, the bloc’s push to reform the global economic and financial system should be taken seriously, according to Anthony Rowley, a veteran journalist specializing in Asian economic and financial affairs. Given the weight of the economies of the BRICS members, which already account for more than a quarter of the world GDP, “no one can dismiss lightheartedly now their challenge to the established economic order,” Rowley wrote in an article published Saturda
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