For centuries, Great Power competition was based on formal empire and exercising de facto control over other countries through military means, bribery, and unequal trading relationships. The latest phase of Great Power competition, however, is much more about technology than it is about trade.
WASHINGTON, DC – The recent BRICS summit in South Africa marks the start of a new phase of Great Power competition. At the apparent urging of China, the BRICS group (which also includes Brazil, Russia, India, and South Africa) invited six other countries to join: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. By some measures, the economic output of this expanded group will rival that of the G7 (the major developed countries: the United States, Canada, Japan, the United Kingdom, France, Germany, and Italy).
WASHINGTON, DC – The recent BRICS summit in South Africa marks the start of a new phase of Great Power competition. At the apparent urging of China, the BRICS group (which also includes Brazil, Russia, India, and South Africa) invited six other countries to join: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. By some measures, the economic output of this expanded group will rival that of the G7 (the major developed countries: the United States, Canada, Japan, the United Kingdom, France, Germany, and Italy).