Bill Browder, Yuan Yang, Sergei Guriev debate the rise of BRICS.
Does the alliance pose a significant threat to Western power, or is it over-hyped?
Watch the full debate at iai.tv/video/redrawing-the-gl...
The West has become accustomed to economic supremacy. But its dominance is in decline and perhaps already over. In 2023, the GDP of the BRICS - Brazil, Russia, India, China, and South Africa - has for the first time overtaken the Western G7 economies. Furthermore, the BRICS are cementing ties and coordinating policy. None sanctioned Russia over Ukraine and instead increased trade. They've also formed the New Development Bank which some fear will undermine the dollar and the global economy.
Will the BRICS redraw the global order and herald a new era of power block conflict? Or is the end of US supremacy an opportunity for a fairer distribution of the world's resources? Then again, is the new world order overdone and the challenge of the BRICS just what is needed for the West to rediscover belief in its values and culture?
#brics #geopolitics #internationalrelations
Join Bill Browder, the famed thorn in Putin's side and CEO of Hermitage Capital, Yuan Yang the Financial Times' Europe China Correspondent, and Sergei Guriev, the provost and professor of economics and Science Po and former chief economist for the European Bank for Reconstruction and Development. Hosted by Sasha Polakow-Suransky and this event was sponsored by Foreign Policy.
00:00 Does economic alliance lead to political alliance?
01:10 Bill Browder on BRICS
04:24 Yuan Yang on BRICS
09:22: Sergei Guriev on BRICS
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