In an August post on the rise of BRICS (Brazil, Russia, India, China, and South Africa) as a catalyst for de-dollarization, Aljazeera posed a crucial question, “What are the risks that we are facing by engaging with one currency globally… Read More »BRICS Now and in the Foreseeable Future
Last August, the BRICS Leaders’ Summit was held in Johannesburg – a formidable alliance rumored to plan a significant expansion in January 2024. The BRICS, which consists of five developing nations (Brazil, Russia, India, China, and South Africa), will reportedly… Read More »BRICS Expansion and the Challenge to Dollar Hegemony
Washington, June 3, 2023 (Saturday) – U.S. President Joe Biden signed an agreement to temporarily suspend the U.S. government’s debt ceiling at $31.4 trillion (Hunnicutt, 2023). This critical move was made to avoid an unprecedented default, with two days remaining… Read More »Balancing Act: Understanding The U.S. Debt Ceiling and Its Ripple Effects on ASEAN Economies and The World