Monday, September 5, 2022

Russia, China, BRICS, World Economy — Tony Norfield

About the not-G7. Longish.
Rich countries run the world economy. They are represented mainly by the G7 – the US, UK, Germany, France, Italy, Japan and Canada – and directly manage all major international bodies or greatly influence how these work. In the process, they set the terms for international trade and investment. Any country that disobeys their US-led ‘rules-based order’ is faced with sanctions, economic isolation and military threats. But the past six months has seen accelerating moves to build a framework outside this web of domination. This article assesses those building blocks for a new world economy....
Economics of Imperialism— A blog that analyses the imperialist world economy - how it works and what are its main features today

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