Areas Where BRICS Challenges the USA and Areas Where It Falls Short
As the global economic balance tilts and new alliances emerge, one question echoes through diplomatic halls and financial markets: Can BRICS really challenge the dominance of the US? With the addition of new members and a renewed push toward de-dollarization, the alliance is no longer just a symbolic bloc. It’s a growing coalition that seeks to reshape the global financial order. But how close are they to actually succeeding? Also Read: India Distances Itself From BRICS To Secure Trade Deals With the US Areas BRICS Challenges the Might of the US Dollar Source: EAI De-Dollarization: A Bold Economic Agenda The de-dollarization initiative from BRICS is indeed the boldest agenda that is shaking the roots of the US-dominated global order. The decision to reduce dependency on the US-based financial assets can cause direct harm to the American economy. The bloc is signing bilateral trade deals using national currencies signaling that it prefers to boost its respective economies. The answer he...