MEMBERS & VISITORS:
One day they’ll wake up
Almost 100 years ago, famous U.S. cartoonist Bob Minor had a realization, Western nations ruled the world because they were rich in money and. guns. China, India, and Africa were poor in money and guns, but rich in people. One day, the balance of power would shift. Minor drew this cartoon in 1925. Now, 98 years later the people of the world are waking up and realizing something has changed.
If membership in the BRICS economic alliance (Brazil, Russia, India, China, and South Africa) continues to grow, the consequences for both the United States and the European Union (EU) could be significant. Here are some possible implications:
For the United States:
Economic competition: The BRICS countries are already major economic players, and their continued growth could increase competition with the US, particularly in sectors like technology and manufacturing.
Diplomatic challenges: As the BRICS countries become more influential on the global stage, the US may face diplomatic challenges as it seeks to maintain relationships with these nations while also maintaining relationships with its traditional allies.
Trade and investment opportunities: The growth of the BRICS countries could also present opportunities for increased trade and investment between the US and these nations.
Changing power dynamics: As the BRICS countries become more economically powerful, they may gain more influence in international organizations and in shaping global policies, potentially challenging the US’s traditional role as a dominant world power.
For the European Union:
Economic competition: Like the US, the EU could face increased economic competition from the BRICS countries, particularly in manufacturing and technology sectors.
Trade and investment opportunities: However, the growth of the BRICS countries could also present opportunities for increased trade and investment between the EU and these nations.
Diplomatic challenges: The EU may also face diplomatic challenges as it seeks to balance relationships with both the BRICS countries and its traditional allies.
Changing power dynamics: The growth of the BRICS countries could also impact the global balance of power, potentially shifting influence away from traditional Western powers like the EU.
We have published other informative posts on Invention School’s website which may interest you. To view our entire catalog of over 800 posts go to inventionschool.tech/category/blog/ or use our handy search tool to find topics of interest to you.
Mechanical/Solar Engineer, Prof. Oku Singer
(27)