Thank you :)

Hi Giorgos, thank you so much for your advice :) It's all a working progress for now, so changes will be made as I go along and develop new skills, I appreciate the sub and I hope you enjoy future content that I have planned to release :)

Thanks! Will do! :)

Thanks for the support, will keep the videos coming :)

Thanks :)

Welcome aboard! :)

Thank you very much for the comment and suggestion! Will definitely take that into account for future videos :)

No sources because its misinformation thTs just opinions not facts brics is very successful now and it shows usa banks have crashed oil has already dropped in the dollar because people are choosing brics currencies and usa and uk have lost open and most of there oil countries to brics. And people use India and chinas disagreements as a argument for failure but its working. I also think with indias history with America and uk and lack of trust I just shows alot that india still would rather do business with China than the west and jaishankar and shashi tharoor explain that very well especially over the last year

Thank you very much! :)

Absolutely! The Economy of London video is in the research phase :)

Excellent presentation 👏 of what happening 😔 sad that the western mainstream media keep us un informed! OR under informed 🤔? Why?

*Her. India is Motherland.

not only pranouncing br I cs center of world

Argentina won't be long I'm sure. The fact they aren't a brics nation yet still baffles me. It's literally THE fix to their economic woes.

Thanks! I'll keep working at it :)

Thanks, I'm glad you liked it :)

Thanks for the sub :)

@@economicsinaction you're welcome mate, honestly this video is just as good as the others with millions, I expected to see at least 100k, keep going and you'll make it I promise 💜

@@LilMazyOfficial Really appreciate the support! I'll keep posting so be sure to stick around :)

Thanks for the comment! More videos on the way :)

If anything I meant anything is to be talked on Africa, Nigeria is number one. Militancy has nothing to do with joining brics. The richest black on planet is a Nigerian based in Nigeria the 2nd richest person is a Nigerian and the richest black woman in Africa is a Nigerian what are we talking about?

1 year later, another African joined the brics => algeria

@@TkGz that explains why energy (petroleum) is the backbone of modern economic.

@@usmanibrahim5824 If Nigeria is so rich why do they and other African nations flock to South Africa in their millions?That's what we are talking about.

@@machibamaime4095 my dear, you misunderstood the definition of richness completely. There's always different ways of riches, china is now number 1 ahead us but you can finds their citizens all over the world. The nigerians you see in your country are the southern part of Nigeria people who are every part of the world and they have their choices to go to anywhere and live.

Thanks ! :)

Thanks! Glad you enjoyed it :)

Thanks for the feedback, it's appreciated :)

Thanks ! :)

Go ahead! Thanks for the support, I really appreciate it!

Tell me what the have they done so far besides talking

@@Golden-lviv goods exchange in their own currencies

@@rohithbs5065 European Union trades in Euros. Which currency Bricks uses?

@@Golden-lviv you know that they are making new currency right

@@rohithbs5065 that’s the part of “talking”. Moreover one of the countries that stands for “R” may not even exist soon or become so toxic that trading with it will bring more drawbacks than gain

Time will test whether all their interests remain aligned

Rico hahahaha o país que mais deve no mundo 30 trilhões de dólares pode ajuntar mais de 20 país que não dá o que os EUA está devendo .pais caloteiro

What a crock!

Go back and read again

Saudi Arabia JUST JOINED Brics...

That’s funny.

Thanks :)

@@economicsinaction India China border issues doesn’t impact on BRICS… in east we don’t follow Western method of Yes/No but use Yes/No/neutral… Russia keep India China together

Yet unlikely to become anything more than a space for diplomacy

@@economicsinaction yea thanks to china

Thats what I’m thinking . If only Africa knew the influence and power the continent would have if y’all were to come together as one nation .

It is not even a political organisation in any sense and two of its members are long term rivals.

@@rick7424 in rivals there are reconciliation and realization of practices in areas that needs to be perfected or configured, yet, it is always to apply the standards of quality, quantity as well as trade practices, transparency, TAXATION Standards and methods/applications, since BRICS participating countries are registered TAXES compliant in exports as well as imports per Customs administration standards and measures for exceptional practices. SMEs..Patented/Trademarks/Copyrighted/Copyrights/LLCs/Franchisees(Countries)Brands management/Intellectual Property Rights/SEC/Trade practices and organization and standards/Communications-PLDT-ALL/are well incorporated with the measures as well as practices for cyber security and E-Commerce Law practices/standards for consumers per consumer protection measures. Tiers 1 and 2 Levels 1 and 2 MGMT for Manager for Overseas Affairs/Foreign Affairs/C.O.O/C.E.O/President/E.V.P/for Internal and external affairs/Junior and Senior Executive for Corporate Affairs/Businesses development officers/managers/Country Managers/GENERAL Managers/Supervisors/Respectively certain/./. /./././Parallelogram system™®©/./././ RHD/././G.M INDUSTRIES. DON'T DELETE, THIS IS IMPORTANT. Non-Reversals/ Thank you

BRICS is not a grouping of equals but ultimately that's not the issue. The USA in NATO is dominant and Germany in the EU holds significant influence. The question that needs to stand the test of time is the interest of the group, all members might want to offer solutions to global western institutions, but can India and China keep their personal geopolitical interests in balance in order for them both to achieve this goal within BRICS? Only time will tell :)

@@economicsinaction Lol, BRICS is a huge cope. The only promising members are India and Brazil. India is the future. China is a scam economy with a 30% of GDP housing bubble collapsing in a country with the worst debt to GDP ratio in the world. China could have become strong, but they got too greedy. Russia is about to turn failed state. Just see how things goes when Russia no longer can pay its pensions without that oil money lol. India and Brazil are the only members stable enough to survive to become great if they play their cards right. That is good as well. Since China and Russia only holds the interest to rule the world with an iron fist. USA as a world hegemon is utopia compared to genocidal China. I don't even get why Russia is in the BRICS to begin with. Russia has been slowly dying since the end of the USSR. It is like calling turkey an emerging economy after the end of the great war. Russia is the sick man of Eurasia.

as a guy living in the Eu im obviously not part of the "elite" but the way you write it it really makes them sound like children wanting to make as much money as possible. Its time they wake up

Communism has collectively resulted in FAR worse crimes than the west have ever committed. Also, there is NO justification for what Russia has done to Ukraine. What a weak attempt to try and excuse Russia. Lol, no one imposed sanctions on Ukraine, because Ukraine hasnt done anything wrong. Russia thinks Ukraine should be part of Russia. You cant just grab land because you think it belongs to you. That's what this is all about. Also, you cant go to another sovereign country and bomb hospitals, schools, residential buildings, infrastructure. Communist apologists make my brain hurt.

The problem is that in all honesty, BRICS just doesn't really standard much of a chance. Two of its members only get along in photo-ops (China and India), one is about to become a literal failed state (South Africa), and one is economically weak and also otherwise totally isolated from the rest (Brazil). There is no way to formulate a shared policy framework outside of their general distaste for the West. Outside of that none of them are likely to reach a real level of cooperation and as each has very unilateral interests with China and Russia both being semi-colonial states. It's just not realistic.

​@@UnspokenOldOne Here comes another expert on BRICS and Geopolitics!😂

@@sawrun4684 Ah yes, because you too are an global economics and trade expert and not just a guy on the internet as well.

Algeria's economy is strongly linked to the export of its hydrocarbons. Expanding connections to export natural gas through Italy to the rest of the EU would perhaps be the easiest way to boost exports. But ultimately the Algerian economy needs to be reformed to reinvest more from the sale of its hydrocarbons back into Algeria, there is nothing specifically that joining the BRICS would change :)

Spot on!!

Why would you place Italy in this list?

They are already stronger than nato look It up.

@@ender8759 yes agreed and having China is big trouble for 🇺🇸 🌎

NATO is a military alliance. Brics is economic alliance. There is no comparison between the both.

Not sustainably it most likely the answer 🤷

Since they are home to significantly larger populations and their economies have growth rates that outpace Brazil, Russia and South Africa, their weight within BRICS is much more significant. It depends on the goals of the group. But ultimately, if China and India do not trust each other then the goals that can be achieved through their cooperation will be limited.

@@economicsinaction In your channel there are lots of informative videos but how we can Confirm the data you present us through videos is totally right. ( but your videos are really good)

Absolutely! In all of my new videos I provide the source to the data in the bottom left corner :)

@@economicsinaction Maybe thats sounds funny but what motivates you to upload videos regular in here.!

@@puka6548 Good question, in short, I am enthusiastic about geoeconomics, geopolitics and everything that looks at understanding how different countries compare and the policies that they have enacted to foster their respective realities. Being able to upload here gives me a space where I can research further and talk about topics that interest me and in doing so I get to learn, read and be exposed to opinions from others who find these topics interesting across the internet. So, as long as my interest for the field continues to exist, I'll keep uploading :)

There has been no progress since I uploaded this video. Tensions between India and China have not received a long term solution and India has reaffirmed it is occupied with working on its own strategic goals/interests. The Russian invasion of Ukraine has strained relations between China and Russia, showing the extent to which China is willing to support Russia. Brazil has had a significant change in direction from Bolsonaro to Lula, it will still of course be a member of BRICS but it will also act in its own interest and not to a common BRICS goal. It is a group of convenience like many intergovernmental groups and when interests do not align, results do not come.

@@economicsinaction yeah for now it seems ur right.. but remember saudi shown interest 😁

@@economicsinaction with Lula signing trade among China and Brazil in local currency shows a common interest, I guess…

Question is, what backed up US dollar?

Looking at the BRICS today, it looks like a bizarre grouping. It reminds us of the importance of relative political and economic stability to a country's economic growth

​@@economicsinaction well well well, I hope you're on with the recent developments au? The turns have tabled. The grouping is bizarre only for two countries (India China) but rest is alright.

Their interests don't align as well as some people think :)

We'll see, I think Argentina and Iran have expressed interest in joining. The more that join, the more difficult it becomes to manage. It will be interesting to see :)

I couldn't agree more friend.

Perfect

This is parody right? We’ve heard this before 😅

Russian propaganda

Not all the nations are on the same page with regards to moving away from the USD. Only Russia and China consider this an important policy

@@economicsinaction Brazil also is signing an agreement to trade in local currency.

I agree with you there! Perhaps a more populous nation like Nigeria or Ethiopia would have made more sense as an African representative from an economic and demographic viewpoint. In the case of Russia, despite its underachieving economy it's still home to an impressive amount of natural resources and it yields significant influence, so I'd argue that they have a seat at the table for strategic reasons.

Lower GDP than the rest of African countries? No South Africa is at position 2 in The top 10 African GDP

South Africa's financial system is the oldest and most developed in Africa

@@fezekile228 GDP GROWTH, not just GDP. Seriously? Unless the comment was edited. Then I’ll let you off the hook.

Because they will have to create new catchy acronym. I do agree that Nigeria is more suitable in this group. They deserve it more than South Africa. You know, the country that slowly getting worse and worse...due to politics. My country also being like SA (the politician love to use religion and ethnic to disturb the harmony). But without the killing of minority. Love you South Africa, don't be mad okay? 😘

Italy has been a declining political and economic power for the last 2 decades and is very western aligned. Its new/current government does not warrant such a large change in foreign policy

My economy is not acting properly ?

Saudi Arabia joined the Shanghai Cooperation Organization (SCO). It is seeking to join BRICS, as of the time I am writing this message it is not part of BRICS

The algorithm gods!

@@economicsinaction ahh, damn, sad shit I'll share as much as I can ;))

@@aravindsagar2226 Thanks! We're definitely growing :)

It's more complex than that :)

Says who? You? Who are you?

Indeed they are! :)

Really

where? ive not seen this new lol

That's a lie!

Fake, but I don't doubt they will do it soon

@@lu881 fake news… All 5 countries help eachother and give financial support… even india china.. Russia keep everyone in line…. It’s brics va Western world… india Russia va Pakistan china…. China vs india ruasia..

Those figures are incorrect. If we take the IMF January 2023 publication as an example growth figures for 2022 and 2023 in the USA and Russia are the following: 2022 USA | +2% Russia | -2.2% 2023 (Projection) USA | +1.4% Russia | +0.3% Russia is to experience very little economic growth this year in part due to the massive increase in public spending for its ongoing invasion of Ukraine. Without the significant involvement of the Russian state in driving demand within the economy, Russia's GDP figures would be negative. And if the private sector didn't receive this significant increase in demand to manufacturer capital (that has no positive long term impact on future productivity) then it would probably continue shrinking by even more. You can find a link to the IMF's figures below: www.imf.org/en/Publications/WEO/Issues/2023/01/31/world-economic-outlook-update-january-2023

BRICS nations are just as involved in their own interests as any other nation. There is no dark side to it. It is geopolitics.

In short, the BRICS is a grouping of emerging markets with regional geopolitical power (and global in the case of China). Canada is neither an emerging market and at a regional level it is the USA who call the shots. In addition to that, the BRICS has a strategic goal of providing alternatives to western institutions, again, Canada is an integrated member of the West. In short, their interests don't align

How would you like the world order to change?

I'm curious, do you think I was bias towards the BRICS or not?