BRICS vs European Union: The End of Western Bulleying
BRICS vs European Union: The End of Western Bulleying
Fastepo: 4-23-2024
BRICS+ significantly outperforms the European Union in several key areas, leveraging its expansive natural resources and developing robust financial systems to enhance its global standing.
With major oil producers like Saudi Arabia and the UAE, BRICS+ now controls a substantial portion of the world's oil production, in stark contrast to the EU's minor role and heavy reliance on energy imports.
Additionally, initiatives like the New Development Bank and efforts towards de-dollarization, particularly by Russia and China, illustrate BRICS+'s strides in reducing dependence on Western financial systems and the US dollar in international trade.
In agriculture, countries like China, Russia, and Brazil contribute massively to global grain production, with China alone far surpassing the EU's output.
Collectively, BRICS+ not only accounts for a larger population but also a significant share of global GDP, enabling it to exert considerable influence in international forums.
This economic scale and resource control position BRICS+ as a formidable counterbalance to traditional Western powers, contrasting with the EU's focus on sustainability and regulatory standards in economic development.
In this video, we analyze the standing of the European Union against BRICS+ as of April 2024.
We explore the strengths of each bloc and discuss their prospects, comparing the outlook for BRICS+ and the European Union.