I’m Monique Vanek, an Africa economics and government editor in Johannesburg, and today we’re looking at what could emerge as the biggest threat to the current world order. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X, the social media platform formerly known as Twitter, via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
The grouping of Brazil, Russia, India, China and South Africa, whose original acronym BRIC was coined by former Goldman Sachs chief economist Jim O’Neill in 2001, is mounting what could be its second most serious attempt to rival the Group of Seven since its formation in 2009-10.