Rise of BRICS and the Sinking Ship of G7

Who was the originator of BRICS? It’s easy to imagine that it came out of some revolutionary nationalist group in Latin America or Africa. But the truth is it originated in England, of all places. Here the father of BRICS, economist Jim O’Neill, discusses the prospects for an alternative to the dollar and the sinking ship of the G7 . The issues BRICS faces in its three-day conference include which countries will join. They also include the criteria for joining as well as a common currency to replace the dollar.

Read in Global Times

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