110 million people from Asia Joining BRICS: What next?
Malaysia and Thailand have both shown interest in joining BRICS, a coalition currently comprising Brazil, Russia, India, China, and South Africa. The group is expanding, with five new countries—Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE—joining the bloc since January 2024. This expansion aims to enhance the bloc’s economic and geopolitical influence, offering new opportunities for member nations to engage in trade and cooperation outside of Western-dominated frameworks.
As of June 2024, both Malaysia and Thailand exhibit significant economic advantages that enhance their positions in the global economy.
The Malaysian economy is projected to grow by 4-5% in 2024, driven by resilient domestic expenditure and a diversified economic base. Malaysia has successfully transitioned from a commodity-based economy to one with robust manufacturing and service Thai government has implemented measures to boost liquidity and economic growth, including a proposed $102 billion budget to revive the economy. These measures aim to stimulate domestic demand and support economic recovery.
Malaysia is on track to achieve high-income status between 2024 and 2028, reflecting sustained economic transformation and development. This progress is supported by a low unemployment rate and significant strides in poverty reduction. Additionally, Malaysia’s strategic geographic location and strong geopolitical relationships enhance its trade capabilities, particularly in electronics, automotive, and palm oil production.
Thailand’s robust trade relationships with major economies like China and India position it as a key player in regional and global markets. Exports to these countries include a wide range of products such as automotive parts and chemicals, showcasing Thailand’s diversified export base.
In this video, we will examine how the inclusion of Malaysia and Thailand will create mutual benefits for both these countries and the existing BRICS nations.
1 view
18
3
3 years ago 00:03:05 3
Sylvester Stallone’s now Adele’s $110 MILLION Beverly Hills Mansion
6 years ago 00:02:46 1
110 million memories! Omoide wa Okkusenman! (English subs.)
7 years ago 00:02:08 0
$110.5 million Basquiat painting makes history
3 years ago 00:10:33 0
Loading US $110 Million F-35 With Super Powerful Long Range Missile
11 months ago 00:08:12 0
110 million people from Asia Joining BRICS: What next?
3 years ago 00:10:35 0
Awesome US $110 Million F-35A Fires Gatling Gun During Strafing Run
6 years ago 00:01:20 0
Global pancreatin market will reach 110 million US$ by the end of 2025
2 years ago 00:10:44 0
How Panda Express Makes 110 Million Pounds of Orange Chicken per Year — First Person
8 years ago 00:03:52 27
[Black MIDI] U.N. Owen Was Her 110 million / “Death Waltz“ / Last Brutal Sister Flandre S. NO LAG
8 years ago 00:09:21 11
Draven Main - TaiDraven Compilation | Million Mastery Points - League of legends
10 years ago 00:07:19 1.1K
Millions of Lives () 2015
8 years ago 00:08:20 24
Adrian Riven “Riven Main“ Compilation | Million Mastery Points - League of legends
7 years ago 00:10:49 3
MAX DAMAGE SERIES | EPISODE 1: 10 MILLION WITH BASTILA IN PHASE 2 | SWGOH HEROIC SITH RAID
5 years ago 00:03:03 39
📊Миллион с нуля №110: +% и -0.4% Среднегодовая доходность стратегии
11 years ago 00:02:49 127
Рука на миллион долларов (2014) - трейлер
13 years ago 00:02:22 19
6 Million Dollar, Домашний кинотеатр
8 years ago 00:06:41 11
Bane of Fire - Lee Sin Main Compilation | Million Mastery Points - League of legends
1 year ago 00:03:39 0
Mega Man 2 - 110 Million Miracles! ~ Dr. Wily’s Castle 1 ft. Sanae’s Theme (SNES Remix) [SPC700]
6 years ago 01:14:54 87
Солнечная система. 110 миллионов лет назад. (2019-11-04)
4 years ago 01:39:35 4
Худший разбор турнира MicroMillions $ | PokerStars
9 months ago 00:08:31 1
110. ВОЙНА И ДЕНЬГИ
6 years ago 00:12:47 500
Инстаграм и ролевые игры. Жизнь с парнем и мужское безумие. Баленсиаги за 600 рублей у миллионера
1 year ago 01:11:26 0
SimCity 3000: 1 million population (Hard) in 1:10:28
5 years ago 00:11:07 148
Растяжка с резинкой. Как тянуться с помощью резиновой ленты