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How an Expansion of BRICS Could Change Global Business
Podcast

How an Expansion of BRICS Could Change Global Business



Editorial Rating

9

Qualities

  • Analytical
  • Overview
  • Hot Topic

Recommendation

In January 2024, the BRICS alliance – Brazil, Russia, India, China and South Africa – welcomes Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates into its fold. These additions expand the geographical, economic and political footprint of the coalition. In this informative episode of the Conference Board’s CEO Perspectives podcast, economists Steve Odland, Lori Esposito Murray and Dana Peterson discuss the evolution of the BRICS and the significant impacts the new formation will have on trade, energy and finance.

Take-Aways

  • The BRICS alliance seeks to disrupt the existing global economic and geopolitical order in trade, currencies and military power.
  • China’s economic and military strength make it the group’s definitive leader. 
  • “BRICS+” will further strengthen the bloc’s control over global trade and GDP, placing Western nations at a strategic disadvantage.

About the Podcast

Steve Odland is the president and CEO of The Conference Board, Inc., where Dana Peterson is chief economist and Lori Esposito Murray is president of the Committee for Economic Development. 


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