G-7 vs BRICS
Competition between economic groups is becoming a very topical topic, as BRICS has announced a higher per capita domestic product (GDP), while the G-7 itself has it. The division into economic groups is becoming even more topical, as war zones are emerging inside and outside individual economic groups, and such a state of war can be described as an economic or trade war. In addition to the USA (United States of America), Canada and Japan and Great Britain, the G-7 also consists of France, Germany and Italy. According to the latest data, their global GDP share is between 29 and 30%. BRICS was originally founded by Brazil, Russia, India and China, and later South Africa joined them. The name of the economic group is also made up of the initials of the names of the BRICS member states. Recently, Egypt, Ethiopia, Iran, the United Arab Emirates and Indonesia have also joined them. In addition, BRICS also has partner countries such as Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, T...