... their voluntary goals of dramatically reducing carbon emissions by that time.
Back in 2012 when still at Goldman Sachs, Jim O'Neill, the creator of the BRIC (now BRICS) model, predicted that the combined GDP of eight countries-- China, Russia, India, Brazil, Turkey, Mexico, South Korea and Indonesia-- will account for about a third of the world economy by 2020. The G7 countries – Germany, the United States, Japan, Great Britain, Canada, France and Italy – will account for just over ...
... designed to make the group a key player in the global food security regime. But they did. Now the world is waiting.
From a moral and business ethics perspective the effort makes sense and can add value to the BRICS brand.
But success depends on China, India and Brazil, who are impacted by drought and infrastructure problems that step on their economic performance. And Russia is dealing with a sanctions regime that includes food, orchestrated by Washington and its European allies.
BRICS food security....
... weight when the rest of the world is measuring the items by units. This is the situation with bulk iron ore and simple steel production.
Devaluation of the ruble is increasing demand for Russian ore and steel, notably at the expense of producers in India.
Meanwhile state and parastatal companies based in China and Hong Kong use clever methods to dominate world iron ore and crude steel production and their logistics. To assume that Chinese executives do not discuss price and logistics issues with ...
