The BRICS (Brazil, Russia, India, China, and South Africa) bloc, initially formed to enhance the economic and political influence of emerging markets, faces significant challenges due to the varying political systems of its member states. Among these, Cuba stands out as a nation under the control of an authoritarian regime,
Tag: brics
BRICS vs. U.S. Dollar: Global Laws to Safeguard the World Economy
The global financial system has long been dominated by the U.S. dollar. Since the Bretton Woods Agreement in 1944, the dollar has served as the world's primary reserve currency, facilitating global trade, investments, and financial stability. However, in recent years, the BRICS nations—Brazil, Russia, India, China, and South Africa—have increasingly
BRICS Nations’ Blockchain Payment System: The Urgent Need for Global Regulations
In recent years, the BRICS nations—Brazil, Russia, India, China, and South Africa—have emerged as influential global players, particularly in economic and geopolitical arenas. Their collective efforts have been geared toward reshaping the international financial landscape, reducing reliance on traditional Western-dominated institutions like the U.S. dollar and the International Monetary Fund
Gold at All-Time High: The Global Economic Instability Driving a Surge and Its Implications for the Financial Industry
In the face of ongoing global economic turmoil, gold has emerged as a beacon of stability, surging to all-time highs in recent months. The precious metal, long considered a safe haven in times of uncertainty, has captured the attention of investors, governments, and financial institutions alike. The confluence of factors