One of the most striking aspects of the tectonic BRICS summit in Johannesburg was the spectacular queue consisting of 40 countries (mega-sic!) waiting to enter the group, which had already surpassed the G-7 GDP. The G-7 had a share of 29.2% of global GDP, compared to 32.1 percent of the 5-BRICS. Of the 40 candidates, … Continue reading The tectonic shifts with the BRICS summit