Dan Steinbock — The $17 Trillion Dollar Brics Shift That Few Noticed

Unlike the G7 nations, which garnered their early prosperity through colonialism, the BRICS nations are the ones that suffered dearly from that very same colonialism. Due to their later starting-point in economic development, the prosperity levels of these nations are significantly lower than those of their counterparts in the advanced world. As a result, they have similar views about international economy, politics and governance.

And the G-7 is still enmeshed in the imperial and colonial mindset that morphed to neoliberalism, neo-imperialism and neocolonialism.

Collision course.

EconoMonitor
The $17 Trillion Dollar Brics Shift That Few Noticed

Dan Steinbock, research director of international business at the India, China and America Institute (USA) a visiting fellow at the Shanghai Institutes for International Studies (China) and at EU Center (Singapore)

See also

Pragmatic, Gradual Privatization of Chinese State-Owned Enterprises