Tag Archives: middle-income economies

BRICS IN THE G7 WALL

The emergence of BRICS (Brazil, Russia, India, China, and South Africa) has resulted in tremendous consternation for the G-7 alliance.  Why?  It all broils down to the monetary position of each alliance.  Currently, four of the five economies have foreign exchange reserves surpassing the combined foreign exchange reserves of the G-7(Canada, France, Germany, Italy, Japan, [...]

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