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WebDec 20, 2024 · China is the clear economic powerhouse of the BRICS nations. Nominally the world’s second-largest economy—and the overall global economic leader when accounting for purchasing-power … WebBRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa. It was the Russian side that initiated the creation of BRICS. WebJan 16, 2024 · 2.1 An Understudied Issue: De-dollarization through BRICS . A major area of focus for existing scholarship on international monetary relations, currency power, and economic statecraft has been the establishment of the US dollar as the world’s dominant currency (both as the most commonly held reserve currency and as the most widely … hovey trucking crozet va