The $17 Trillion Dollar Brics Shift That Few Noticed
Author: Dan Steinbock · July 13th, 2015 · Comments (0)
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As the focus of the West was fixated in Greece and Iran, the 7th BRICS Summit began a massive shift from a dialogue to an economic partnership – one whose full impact will be witnessed in the coming years.
The seventh BRICS Summit took place in Ufa, the capital of Russia’s Bashkortostan Republic. In the West, most observers were preoccupied with the “make-or-break” days of Greece, which accounts for less than 0.4 percent of the global economy, rather than the BRICS Summit, which represents about 20 percent of the world economy.
- See more at: http://www.economonitor.com/blog/201....etBl3Owc.dpuf
Author: Dan Steinbock · July 13th, 2015 · Comments (0)
Share This Print 40 13
As the focus of the West was fixated in Greece and Iran, the 7th BRICS Summit began a massive shift from a dialogue to an economic partnership – one whose full impact will be witnessed in the coming years.
The seventh BRICS Summit took place in Ufa, the capital of Russia’s Bashkortostan Republic. In the West, most observers were preoccupied with the “make-or-break” days of Greece, which accounts for less than 0.4 percent of the global economy, rather than the BRICS Summit, which represents about 20 percent of the world economy.
- See more at: http://www.economonitor.com/blog/201....etBl3Owc.dpuf
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