Tariff war doesn't dampen BRICS' future
The five members of the group should pursue more free trade among themselves to render the US trade policies less relevant to any of them or, for that matter, the rest of the world
This autumn will be the 17th anniversary of the BRIC acronym, which I mentioned in an article titled "The World Needs Better Economic BRICs". I laid out different scenarios, as to how Brazil, Russia, India and China could grow over the decade from 2001 to 2010, and as a result of this, how global economic governance needed to be changed. That was nearly 17 years ago.
What has happened since, both to their growth performance and that of the world, and what has happened to world governance, and what is the future, especially for the BRICS economies, with now a capital "S" to include South Africa?
