The Global South continues to be subject to neocolonial mechanisms that exacerbate the debt and climate crises. Achieving climate and economic justice requires structural reparations, countering Western debt generation traps and coordinated action to cancel debt to the rich capitalist “G7” countries, particularly the USA. Figures for the first two quarters of 2023 show that the depreciation of US capital is greater than the creation of capital in the United […]
China will allocate more resources for Africa’s industrialisation and agricultural modernization – as well as train thousands of African students in vocational skills, Chinese President Xi Jinping promised African leaders during his visit to South Africa for the BRICS Summit. Meeting African leaders for the China-Africa Leaders’ Roundtable Dialogue at the end of the BRICS summit in Johannesburg, Xi said China would launch an initiative to support Africa’s industrialisation. Through the new proposal, the […]
BRICS+ expansion draws together major energy and natural resources players. The BRICS block will now be home to nearly half – 46 percent to be exact – of the world’s population. Its share of global oil production will be more than doubled at 43 per cent. When you look at the top ten oil producers, the are the United States, Saudi Arabia, Russia, Canada, China, Iraq, the United Arab Emerates, […]
China and South Africa share a deep-rooted friendship. Since diplomatic relations were established 25 years ago, cooperation between the two countries has continued to expand across various fields. That expansion has been accelerated under China’s Belt and Road Initiative CGTN Global Watch, Aug 22, 2023 Watch VIDEO: https://youtu.be/bEOR6yZTy80
Five major trends illustrate how the world is changing, and that the West must grapple with the reality that it can no longer impose its “leadership” on the world as it once did. The post-Western, multipolar international order is coming to pass. As the world grapples with the implications of this shift in power, the foundations of a great reckoning are taking shape. This reckoning will challenge the long-held beliefs […]
A BRICS Chart. BRICS is an acronym for the emerging economies of Brazil, Russia, India, China and South Africa. The term was coined in 2001 by economist Jim O’Neill in his report, Building Better Global Economic BRICs. O’Neill predicted that the fast-growing BRICs countries would collectively dominate the global economy by 2050. Russia, India and China are among the world’s ten largest economies. All five countries are members of the G20, […]
Time to acknowledge China’s economic power. The statistical evidence clearly shows that China is the world’s number one economy. Unfortunately, the US and many commentators are unwilling to acknowledge that reality, but future stability depends on acceptance that we are living in a multipolar world. How big is China’s economy today compared to America’s? Despite the regular descriptions of China as “the second biggest economy in the world”, the statistical […]
The Malacca Dilemma and China’s energy security. In November 2003, then Chinese President Hu Jintao described China’s energy situation as subject to the “Malacca Dilemma”. Hu was referring to the lack of supply line alternatives and their vulnerability to a naval blockade. Hu Jintao said that “certain powers have all along encroached on and tried to control navigation through the [Malacca] Strait.” Clearly, “certain powers” referred to the United States […]
If more countries join BRICS at its next summit in Johannesburg it could set the stage for a more equitable and democratic world order. The next BRICS Summit, to take place in Johannesburg, South Africa, from Aug 22 to 24, is expected to mark a major step forward in its development and global impact. The group was established in 2010 by four countries, Brazil, Russia, India and China, which were […]
Copyright © 2024 | WordPress Theme by MH Themes