... start of the year 2023 was marked by a series of statements coming from representatives of BRICS countries concerning plans to create new currencies. In particular, Brazil’s President Lula called for the creation of common currencies among BRICS and MERCOSUR countries, while Russia’s Foreign Minister Sergey Lavrov stated that the creation of the BRICS common currency would feature in the discussions at the BRICS summit to be held in South Africa this year. And even as a lot of these changes in ...
... integration initiative is the African Continental Free Trade Area launched in 2018. Another important development is the rising coordination among the regional integration blocks and the signing of the respective memoranda between the Eurasia Economic Union, MERCOSUR and ASEAN.
The possible scope for the use of national currencies within the R5 paradigm has also been broadened in recent periods via the expansion in the membership of the BRICS New Development Bank (NDB). In particular, among the new members ...
... which was interpreted at the beginning of the 21
st
century above all on the economic level, thanks to institutions such as MERCOSUR, has however strong political implications. The rift that seems to open up in Latin America between very different integrative ... ... great contemporary states towards the future of large political and spatial aggregations. Today, states of this type are the USA, the People's Republic of China and Russia, demonstrating the importance of geographical dimensions in this particular historical ...
