How an Expansion of BRICS Could Change Global Business
The BRICS bloc recently doubled its membership and expanded its global reach—especially in the Middle East. Will it succeed as a counterweight to the West—and the US dollar? What are the possible impacts on the global economy and corporations? In this episode of CEO Perspectives, Dr. Lori Esposito Murray, President of the Committee for Economic Development, the public policy center of The Conference Board, and Dana Peterson, our Chief Economist, join Steve Odland, President and CEO, to discuss the impact of BRICS—and what it may mean for business and the global economy. Could BRICS become independent from the West? Is this a new cold war? What does this bloc mean for the primacy of the US dollar for trade? For business operations? How much food and global energy will the expanded bloc control? How might access to critical materials—such as rare earth minerals or advanced chips—be impacted? What challenges might global corporations face? For more Trusted Insights for What’s Ahead™: Read: CED Policy Backgrounder: BRICS Summit—Deepening the Divide Read: CED Policy Backgrounder: Putin-Erdoğan Meeting on Grain Exports Read: Economy Watch | China