This topic is similar to the one gantez by titled, The impact of Russian and Ukraine war on world economy. The world watched Putin gather some African leaders for the Russia-Africa Summit at St. Petersburg in July. This was the first of its kind. According to them the aim was to strengthen the economic ties between Russia and Africa. During the meeting they discussed sustainable diamond mining, SME partnerships, agribusiness, energy cooperation, logistics routes, and financial security. What the whole world is observing now is detachment of some of these African countries, Mali, Burkina Faso, Niger, from the West and they are forming a strong alliance backed by Russia and a some other countries. We already know about the BRICS which include countries like Brazil, Russia, India, China and South Africa. Their aim at developing trade and economic cooperation among its member nations. Seeing all of these, what do you guys think will be the impact of the Russian African alliance on the world economy. We know there is no war right now but the rhetoric and tensions all over is being felt worldwide. Would the world economy suffer or would we be fine?
If you are referring to the impact of BRICS toward world economy then that's bad for whole world because most of the countries in the world are using US dollar as there national reserves and if you are asking what impact does this alliances will make for the whole world then that's will be a productive one too. Because if they do what they really say then there will be more goods in the market more diamonds, more agriculture business, more energy production units, more foreign business will tend to join. And if they do it rightly, then along with Africa those who are from Africa spread in worldwide countries will get some relief and could do some more productive works. Overall, the countries are connected sorry not countries the impact of such decisions are connected between citizens of one country spread all along the world. One who is in Spain, US, in any other country doing something productive then the rate will increase.
No to mentioned the import and export will also increase of your country with other countries and also other countries will also make money so one country is making profit out of another.
