Bloomberg Originals
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BRICS: The Rise of a New Global Order?
Posted
July 4, 2025
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July 4, 2025
1,189,628
15,550
2,239
1.50%
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The BRICS group of emerging-market powers–the acronym stands for Brazil, Russia, India, China and South Africa–has gone from a slogan dreamed up by former Goldman Sachs head of Global Economic Research Jim O’Neill to a real-world club with growing economic and political weight. It almost doubled in size in 2024, pairing several major energy producers including the United Arab Emirates and Iran. US President Donald Trump’s policies and his “America first” mantra has created an opening for the group to position itself as a counterweight to Western-led institutions. But with a lack of shared values and identity, can it become a meaningful global force?
Note: An earlier version of this video contained an error in the map labeling of UAE at 3:29. This issue has been fixed.
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#BRICS #Geopolitics #GlobalEconomy #foreignpolicy
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