Americas declining hegemony?

What is BRICS?

An economic alliance of the global south

Who are members of BRICS (10)?

Brazil, Russia, India, China South Africa, UAE, Iran, Ethiopia, Egypt, Indonesia

Who are BRICS partners? what’s the difference?

They aim to join the alliance in the future.

Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan, Vietnam?

Which countries have been invited but haven’t joined?

Argentina refused the invite as they aim to get closer to USA

Saudi Arabia has yet to make a decision on its membership

Algeria and Turkey haven’t responded on the invite to become a BRICS partner

BRICS % of global population

40%, >3 billion people

BRICS % of global trade

24%

BRICS % of global economy

41%

What stat shows BRICS power over the western nations?

They have a larger share of global GDP than G7, and are 9/20 worlds most populous nations

How do BRICS aim to challenge the US financial dominance

By introducing a multi currency system in the future, reducing the reliance of USD for trade

BRICS agricultural stats

India and China produce 50% of world production of rice

China and Brazil account for 20% of global production of beef and chicken

China produce 40% of the worlds pork

China make up 60% of the worlds aquaculture production - fish farms

BRICS stats in energy

China produces double the wind and solar power of the rest of the world combined

They are extremely influential in oil and gas supply, Brazil and Russia key

How does the Arab Spring show USA’s declining hegemony?

Series of revolutions and conflict in the Middle East, they played a much smaller role than France or the uk

Syrian civil war

USA was unable to topple the dictatorship which was backed by Russia, although jihadist rebels have succeeded in this

US-China trade deficit

US imports from China are $400 billion, while exports to China $110 billion - trade deficit of $290 billion

Why is the EU unable to challenge US hegemony

They are reliant on US militarily and economically

They are aligned with the US

Nationalist movements are internally dividing and weakening the EU