Category: brics
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Accelerating Local Currency Trade Infrastructure: BRICS’ Strategic Shift Away from Dollar Dominance
In recent years, BRICS members have steadily advanced efforts to reduce their dependence on the U.S. dollar in cross-border trade. The momentum has accelerated in 2025, with new developments in digital payment systems, increased use of local currencies in settlements, and enhanced lending practices by the New Development Bank (NDB).…
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BRICS at a Crossroads: Expansion and the Reordering of Global Economic Power
The global economic landscape in 2025 is witnessing a quiet but profound transformation. What began as a modest grouping of five emerging economies—Brazil, Russia, India, China, and South Africa—has now evolved into a broad-based alliance of 11 full members, with Indonesia joining as the latest addition in January 2025. Beyond…
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Crossroads of Diplomacy and Trade—India’s Strategic Pivot in 2025
August 2025 marks more than just another chapter in global trade—it is the moment when India’s economic diplomacy was stress-tested. What began as a targeted tariff escalation has evolved into a full-spectrum diplomatic challenge, forcing New Delhi to reassess not only its trade priorities but also the very architecture of…
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BRICS vs USA: A Contest Without a Clear Winner—For Now
The global economic and geopolitical arena is witnessing one of its most defining rivalries: the growing influence of BRICS versus the entrenched dominance of the United States. While the media and political rhetoric often frame this as a battle for supremacy, the reality is more complex. There is no definitive…
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Slowing Momentum: What Lowered U.S. Growth Forecasts Mean for the Global Economy
Global economic growth is entering a phase of heightened uncertainty, marked by downward revisions in forecasts for several major economies. Most notably, the United States—a key driver of global demand—has seen its real GDP growth projections for 2025 and 2026 adjusted downward to 1.3% and 1.5%, respectively. These figures represent…
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Exploring the BRICS Alternative Currency
The recent discourse around the potential development of an alternative currency among BRICS nations—Brazil, Russia, India, China, and South Africa—has sparked global curiosity. Proponents argue that such a currency could potentially challenge the dominance of the U.S. dollar in international trade and strengthen economic ties among these emerging economies. However,…
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