BRICS GDP is a major contributor to world economy
Vitaly Mankevich, Chairman of the Russian-Asian Union of Industrialist and Entrepreneurs, expressed to TvBRICS his opinion on the importance of BRICS for the world economy. teleSUR
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00:00 In the context of the 15th Summit of the BRICS, the Russian expert Vitaly Mankovich in an
00:07 interview for TV BRICS referred to the economic development of the bloc and its contribution
00:11 to the world economy.
00:12 Well, I think that the BRICS Association in general is difficult to overestimate, because
00:18 it's quite a global organization and it now accounts for about 31% of GDP.
00:25 So it is a contribution to the economy, to the world economy.
00:29 For comparison, the G7 countries take about 30% of the world economy.
00:34 Of course, we would like BRICS to be a global union, and the more countries join BRICS,
00:39 the more beneficial it will be, the more stable this organization will work and develop.
00:44 This structure is interesting, first of all, not from a political point of view, but from
00:48 an economic point of view.
00:50 It really brings an alternative position to the G7 countries.