{"id":116317,"date":"2023-08-25T07:35:51","date_gmt":"2023-08-25T04:35:51","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/brics-the-six-new-members\/"},"modified":"2023-08-25T07:35:51","modified_gmt":"2023-08-25T04:35:51","slug":"brics-the-six-new-members","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/brics-the-six-new-members\/","title":{"rendered":"BRICS: the six new members"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/116317\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nA brief look at the six countries which will be admitted in January 2024 to the club of large and populous emerging economies known as the BRICS:<\/p>\n<p>Argentina<br \/>\nArgentina has vast natural resources in energy and agriculture but Latin America\u2019s third largest economy is in turmoil. The inflation rate has soared above 100 percent, and poverty levels have climbed up to 40 percent for the country of 46 million people. Since January the cost of living has risen by 32 percent. The government devalued the peso by 20 percent earlier in August.<\/p>\n<p>Ethiopia<br \/>\nAfrica\u2019s second most populous country with some 123 million people according to the World Bank was one of the world\u2019s most dynamic economies in the 2010s. But its growth was halted by the global pandemic, climate change, the two-year conflict in its northern Tigray region and Russia\u2019s war in Ukraine. And the country remains poor with per capita income of just a dollar, according to the World Bank. Traditionally non-aligned, Ethiopia maintains close ties with Russia and China \u2014 its main trading partner \u2014 but also with the US.<\/p>\n<p>Iran<br \/>\nEconomic sanctions, oil price fluctuations and the global pandemic have all battered Iran\u2019s economy over the last decade and in recent years rampant inflation sparked by a collapsing currency has sparked protests. Iran has the world\u2019s second biggest reserves of gas, after Russia, and the fourth largest proved resources of oil. But US sanctions \u2014 reimposed after the end of the accord with world powers on Tehran\u2019s nuclear programme in 2018 \u2014 have isolated the country of 88 million inhabitants from the international financial system. The announcement of its new membership of the BRICS came amid intensified diplomacy to reduce its isolation and improve its economy, by strengthening ties with China and Russia and improving ties with its Arab neighbours.<\/p>\n<p>Saudi Arabia<br \/>\nSaudi Arabia is the Arab world\u2019s largest economy, the top global oil exporter and the leader of the Gulf monarchies. The ultra-conservative kingdom has embarked on a vast programme of economic and social reforms, as it seeks to wean itself off its economic dependence on fossil fuels. A G20 member, Saudi Arabia recorded an annual growth of 8.5 percent in 2022. Its population is currently estimated at 32.2 million, with a majority of citizens under the age of 30.<\/p>\n<p>Egypt<br \/>\nThe Arab world\u2019s most populous country with 105 million people, and a heavyweight diplomatic player on the Arab stage, import-dependent Egypt is grappling with a punishing economic crisis. In June annual inflation hit 36.8 percent according to official figures, an all-time high for the country. This follows a sharp currency devaluation connected to a bailout loan from the International Monetary Fund. The economic crisis has been worsened by Russia\u2019s invasion of Ukraine last year, which destabilised crucial grain imports.<\/p>\n<p>United Arab Emirates<br \/>\nThe UAE is a federal state of seven emirates and 10 million people with the capital Abu Dhabi, and above all Dubai, home to the regional headquarters of thousands of companies. A top oil producer in OPEC, having diversified its economy over the decades, it relies less and less on oil, with revenues now making up only 30 percent of its GDP in 2022. With close ties to Saudi Arabia and the US, it also maintains good ties with China and Russia and was the first Gulf country to normalise relations with Israel in 2020.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.digitaljournal.com\/world\/brics-the-six-new-members\/article\">DJ<\/a> <\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/114351\/\">BRICS: the six new members<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[11159,555,10303,572,5716],"class_list":["post-116317","post","type-post","status-publish","format-standard","hentry","category-news","tag-brics","tag-csr-news-en","tag-members","tag-new","tag-six"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/116317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=116317"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/116317\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=116317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=116317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=116317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}