Dr. Atip Asvanundไทย
BRICS, the Dollar & Global Finance

เบื้องหลัง BRICS ขั้วอำนาจใหม่ท้าทายตะวันตก #brics #tradewar #จีน #สหรัฐ

6:15YOUTUBE

Summary

BRICS began as a grouping of emerging economies and has grown to the point where it could stand against the G7.

What distinguishes it is that members need not be developed economies, and several carry a history of friction with the West.

The question for Thailand is whether it can join BRICS alongside the OECD, and what it gains or loses either way.

Key points

  1. BRICS is not a military alliance

    It is an economic and political grouping, which makes joining cheaper than many assume.

  2. The members do not agree with each other

    India and China have their own disputes, which limits what the group can actually do together.

  3. Joining both is a balancing act

    BRICS and the OECD are not legally opposed, so in principle both are possible.

  4. The cost is being read as having chosen

    What has to be managed is not the group’s obligations but how major trading partners interpret it.