What are Indonesia and Nigeria doing to cause such a surge in economic development and what are France doing so wrong?Its just a reflection of the multi-polar world that we are heading into and BRICS is just an attempt to reflect that. Its addressing the change for the next 50 years.
Besides, it's not like the Western alliance has been so altruistic in its approach towards the 3rd World. Most alliances or even countries are basically self-serving but cloaked in some political jingoism.
You just have to look at the history and the colonial past of the Western nations and see why as the poorer countries get richer they would like to offer an alternative.
The lack of accountability for the crimes of the past -- most recently Invasion of Iraq (otherwise known as Halliburton's search of WMD) goes unpunished. Many in the 3rd World see the West's geo-political intrusions as purely hypocritical.
Personally, everyone's got blood on their hands regardless of whether they are claiming to be do-gooders or otherwise. All sides whether the Taliban or ISIS will always claim they are doing the right thing.
Also, we just have been brainwashed to think in terms of binary choices -- this way it boxes us into simplistic choices. And not look at things objectively. Gamification of politics. Red vs. Blue.
Good guys versus bad guys.
That's the stage we are in.
BRICS summit
- Thread starter Moston Red
- Start date
Population size, scope for growth, and general PPP metrics. Iran will also move above likes of most EU nations in PPP terms by 2050. UK/France/etc., have hit thresholds. Their populations aren't going to explode over the next 30 years whereas the others on that list are, to use a football metaphor, underperforming relative to their economic actual (or coefficient) status (population, etc.). But Germany and US are the only "Western" nations within the top ten within the next 20-30 years. Inevitable.
Thanks for the breakdown, interesting to see how they'll develop.
I remember hearing somewhere that China don't actually want their currency or BRIC currency to take off globally. At the moment they control the money their wealthy have through theirs by limiting conversions etc. I think. So if there is a back but global way to convert then they have less control of their elite
Dunno if it's true but seems plausible
Dunno if it's true but seems plausible
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How do Pakistan jump from outside top 20 to 6th?Its just a reflection of the multi-polar world that we are heading into and BRICS is just an attempt to reflect that. Its addressing the change for the next 50 years.
Besides, it's not like the Western alliance has been so altruistic in its approach towards the 3rd World. Most alliances or even countries are basically self-serving but cloaked in some political jingoism.
You just have to look at the history and the colonial past of the Western nations and see why as the poorer countries get richer they would like to offer an alternative.
The lack of accountability for the crimes of the past -- most recently Invasion of Iraq (otherwise known as Halliburton's search of WMD) goes unpunished. Many in the 3rd World see the West's geo-political intrusions as purely hypocritical.
Personally, everyone's got blood on their hands regardless of whether they are claiming to be do-gooders or otherwise. All sides whether the Taliban or ISIS will always claim they are doing the right thing.
Also, we just have been brainwashed to think in terms of binary choices -- this way it boxes us into simplistic choices. And not look at things objectively. Gamification of politics. Red vs. Blue.
Good guys versus bad guys.
That's the stage we are in.
They don’t. These predictions always assume some ‘China scenario’, but no country seems capable of replicating what China did economically.
Apologies bud, just logged on. As Shakesy said yeah. These politicians are all so precious, ffs
Nigeria i believe is sheer size (250m+ population iirc), oil/resource based and also quite bouyant in terms of innovation etc. Not 100% sure re Indonesia.
edit: think its just over 200m
Our population is 270M and projected to have a bonus demography by 2040, we make lots of babies.
But I wouldn't be so sure of it considering our Human Resources level are piss poor the average IQ is only around 80
But yeah, when we're talking about actual human to do jobs, we have them by abundance
As per the South African president, more countries will be becoming members starting next year.
Could be very interesting to see how these work together and can we really see a strong alternate front getting built.
Could be very interesting to see how these work together and can we really see a strong alternate front getting built.
Aargh thanks bud. Interesting around the IQ levels being, on average, low. Is it a case of inequality/wealth disparity meaning you have a large portion of the population too poor or rural to educate themselves? Or is it down to other factors. I assume for a lot of our type developing economies (I'm South African), we're in a same boat and the trick/challenge is trying to educate the masses/future generations.
Large young population I suspect. Most developed countries today are or will face an ageing population. So their economies will shrink or at least not have the same trajectory unless they import/immigrate.
Even China will undergo an ageing population so there are no guarantees. The (health) cost of managing the large silver population will be an anchor to many big or booming economies of today.
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Alot of factors between government dont give a feck, changing system every 5 years, low quality of teachers, 10 dollar remuneration per month for stand in teachers, lack of understanding the necessity of education, poverty, etc
Bloody hell. Surely not right? That's....something.
Yeah, since the end fo apartheid/start of democracy here early/mid 90's, our government has mainly been a combination of corrupt or incompetent or both! More interested in enriching themselves, then care for the people who voted them into power.
It's appalling. Corruption is rife everywhere, but it's way more hurtful in these developing countries due to the sheer number of the poorest of the poor always the ones suffering the most through the greed of others.
Tweet
— Twitter API (@user) date
China capitalises on US sanctions in fight to dethrone dollar
Beijing uses developing world chagrin over Washington’s weaponisation of greenback to push global renminbi
Agathe Demarais, author of Backfire: How sanctions reshape the world against US interests, traces three key developments: Iran being banned from the Swift global financial messaging network in 2012, economic sanctions on Russia in 2014 after its annexation of Crimea — making it by far the biggest nation ever sanctioned — and the US trade war with China starting in 2018.
“These three events really accelerated the shift in thinking of rogue countries . . . to turn away from western financial mechanisms,”
Beijing uses developing world chagrin over Washington’s weaponisation of greenback to push global renminbi
Agathe Demarais, author of Backfire: How sanctions reshape the world against US interests, traces three key developments: Iran being banned from the Swift global financial messaging network in 2012, economic sanctions on Russia in 2014 after its annexation of Crimea — making it by far the biggest nation ever sanctioned — and the US trade war with China starting in 2018.
“These three events really accelerated the shift in thinking of rogue countries . . . to turn away from western financial mechanisms,”
Ultimately I just see BRICS as like providing an alternative to a very dominant monopoly -- in keeping them honest. And nobody likes an ageing, entrenched 30+y.o monopoly.
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There are what we called "honor teacher" kinda like paid per gigs and not a full time teacher, whatever the equivalent is, subs teacher?
But yeah, the quality of the teacher is mostly abysmal
^Supposedly an English Teacher
These formulaic, decades-into-the-future forecasts tend to be wildly imprecise for obvious reasons, and should be considered with an extra large serving of salt. Economic development and industrialization are not pre-determined, linear progressions for underdeveloped or developing nations (let alone exponential curves like hand-picked outliers), and naïvely factoring in ballooning population sizes without caveating it with real-time variables (and concerns) like specialized education and training of the human capital, rampant improvement of commerce-related infrastructure, favorable trade with the world market in conjunction with the systemic carving out of a niche, avoidance of long-term internal sociopolitical shocks and broader geopolitical challenges (e.g. operating under a theocracy, a government that oversees horrible economic policy-making or getting sanctioned under a dictatorship, which could lead to stagnation or decline in terms of aggregate productivity), the looming threats of climate catastrophe and war and artificial intelligence and asset flight et cetera does not paint the most comprehensive picture. China is held up as an aspirational model but that was a special case because of their civilizational prowess and forward momentum (they have essentially reclaimed their place among the pre-eminent economic, cultural and scientific fulcrums of the world instead of breaking some kind of glass ceiling), geographical advantages and access to vast resources (and trading routes: through the reimagined Silk Road, across the Pacific Ocean and so forth), the circumstances of the Sino-Soviet split (which created a wave of optimism around them), the foresight of people like Deng Xiaoping under unified control and strong fundamentals across the board (in particular the rapid upskilling of manufacturing sector employees and subsequent movement up the value chain), as well as the fact that it got the serendipitous opportunity to establish itself as the cost-effective but ever-improving “factory of the world” (which opened up all sorts of pathways for growth and innovation with export-oriented industrialization (à la Japan in prior decades, or the rest of the Tiger Economies for the matter) and resulted in an unprecedented inflow of capital).
Shucks man, that’s bad, even moreso if that’s fairly common and not some sort of exception.There are what we called "honor teacher" kinda like paid per gigs and not a full time teacher, whatever the equivalent is, subs teacher?
But yeah, the quality of the teacher is mostly abysmal
^Supposedly an English Teacher
Any kind of event with "summit" in its name loses all kind of credibility. Summits are full of shits.
He's not wrong, I am full of shit