G7 vs BRICS: Can BRICS Make an End to G7?
G7 vs BRICS: Can BRICS Make an End to G7?
Fastepo: 4-26-2024
Since its expansion in 2024 from five to ten members, BRICS has captured global attention. This bloc, now known as BRICS+, encompasses half of the world's population and boasts the largest cumulative GDP (PPP) globally.
Previously, the G7—comprising Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States—was considered the most influential political and economic group on the world stage.
However, tensions between these two groups have been rising, manifesting not on actual battlefields but through indirect confrontations in various situations.
In this video, we aim to thoroughly analyze the influence and position of each group. While we strive for neutral analysis and accuracy in our figures and data, there may be some errors.
Without further ado, let’s dive into the analysis of BRICS+ and G7 as of April 2024.
The video outline is as follows. We'll begin with a historical overview of the G7 and BRICS blocs. Next, we'll compare their economic performance, followed by an analysis of their contributions to global energy production.
We'll conclude with a look at the future prospects of BRICS+ versus the G7. Feel free to skip to the section that interests you the most.