The combined GDP of BRICS is higher than that of G7.
The combined GDP of BRICS is higher than that of G7.
I don’t believe this statement is true. At least its not if you accept the world bank or UN numbers.
The US is bigger than China
Germany, Japan and The UK are all individually bigger than India.
Italy is bigger than Russia.
Canada is bigger than both South Africa and Brazil together.
So if I know mathematical properties of logic; if all the parts of A are smaller than all the parts of B then A is smaller than B.
There is no question that BRICS have more population and resources. So there is more potential in the BRICS if they could figure out their political and legal issues. But I do not expect that they will produce a business climate that will foster the potential economy and make it a reality.