... could lead to its gradual weakening. Prospects for a Unified BRICS Currency The possibility of creating a unified BRICS currency is one of the most discussed topics in international economics. The BRICS bloc consists of five of the largest emerging economies in the world — Brazil, Russia, India, China, and South Africa — creating significant potential for integration in economic and financial spheres. The introduction of a unified currency could reduce the countries' dependence on the dollar and provide a new ...

... poverty. Investment Climate and Business Environment A key signal for investors has been the announcements regarding further improvement of the investment climate in Russia. Putin declared that by 2030, the country must enter the top 20 nations in the world for business conditions. To achieve this goal, the government, along with the expert community and entrepreneurs, is developing a "national model of targeted conditions" for business. This entails a radical reduction in costs for companies,...

... bilateral currency agreements to settle trades without using the dollar. If this trend continues, the dollar’s role as the world’s reserve currency may gradually diminish. While a complete departure from the dollar remains unlikely in the short term ... ... path toward greater financial independence. A shared currency or increased use of national currencies could help insulate these economies from sanctions and reduce dependence on Western financial systems. Russia and China, for example, have already made ...

... economy, the broader the domestic market and more accessible the resources. The U.S., with a GDP of over $25 trillion, is the world's largest market, providing startups with an opportunity to scale "at home" to enormous valuations before entering ... ... over a billion consumers, has nurtured giant platforms that have become unicorns (e.g., Bytedance, Shein). In comparison, the economies of the U.K. ($2.7 trillion) and India (~$3.4 trillion) are considerably smaller, but India benefits from its colossal ...

... climate change or addressing regional conflicts in other parts of the world. Thirdly, any major terrorist act or incident involving this pair of adversaries instantly affects international markets and the global economy. India today is one of the largest economies in the world, and military conflict would impact global supply chains and financial markets (investors shy away from risk, pulling capital out of the region amid the threat of war). Oil prices rise in anticipation of supply disruptions, and international trade ...