Commentary
China and its closest economic partners, who call themselves the “BRICS nations,” want to displace the U.S. dollar as the world’s most powerful reserve currency. They would like to accomplish this by establishing a new “BRICS” currency.
Officials attend a plenary session in the outreach/BRICS Plus format at the BRICS summit in Kazan, Russia, on Oct. 24, 2024. Maxim Shemetov/Pool/AFP via Getty Images
Anders Corr
Author
Anders Corr has a bachelor's/master's in political science from Yale University (2001) and a doctorate in government from Harvard University (2008). He is a principal at Corr Analytics Inc. and publisher of the Journal of Political Risk, and has conducted extensive research in North America, Europe, and Asia. His latest books are “The Concentration of Power: Institutionalization, Hierarchy, and Hegemony” (2021) and “Great Powers, Grand Strategies: the New Game in the South China Sea" (2018).
