Michael Stott
speaker
98 appearances
3 recordings
1 series
first heard Jun 2026
last heard 5d ago
Michael Stott’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Sep 2026 with 1.
Appearances
There is uh an absence of leadership on the global stage, so it's their moment, but can they seize it?
Hi, Sonia.
So BRICS started off uh in two thousand and one as a collection of four countries which an investment bank predicted would become the leaders of the world economy in this century.
That was China, India, Brazil, and Russia.
And then over the intervening years, the group's expanded enormously.
So economically, BRICS is more and more important.
It's now 40% of the world's economy, uh, if you use the PPP measure that economists favor.
The tricky part's whether this group adds up to much politically and diplomatically, uh, because it's a group with quite different agendas.
You've got China, which is a one-party communist state.
Russia, which is ruled by Vladimir Putin for the last twenty six years, uh and then India and Brazil, which are vibrant democracies, and all shades in between among among the other members.
So one of the slogans the Indians have been pushing is people-centric development, uh, by which they mean development to benefit the masses in these countries with huge populations, because of course China and India have the world's two biggest populations.
So their intention is to try to see whether there are things they can do on economic development, cooperation in technical areas, and so on.
But China, which is unquestionably the big bricks power, would like to push things.
further and take things in a more sort of military and and security dimension, add that onto the bricks and make it more of a China led body.
But that's something Brazil and India are resisting.
Well, China and Russia would love to talk more about this because they're very keen to dethrone the US dollar.
But this is a very sensitive topic politically since Donald Trump last year weighed in, just after the BRICS summit in Brazil, uh, threatening BRICS members with an extra 10% tariff because he said they were trying to uh attack the US dollar.
And that's led to BRICS leaders this time being much more cautious.
So they're talking in
Instead, about things like linking up their digital instant payment systems.
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