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Paywalled, unable to get an archive link so I'll comment on what is available. How might this effect BRICS? Interesting that Argentina will align with the USD.
by underseacables 3y ago
Paywalled, unable to get an archive link so I'll comment on what is available.
How might this effect BRICS? Interesting that Argentina will align with the USD.
- local_crmdgeon 3y ago>How might this effect BRICS? Interesting that Argentina will align with the USD. Doesn't matter, as many, many people have noted BRICS doesn't exist, and to the extent that it does it's a joke. Two of the countries are actively at war with each other, 2 are falling apart, and the last one is slowly losing a brutal land war. Better question is how this effects LatAm politics, and that's more interesting. Certainly there's been a drift to the left there, but wild swings in policy are an Argentine hallmark.
- underseacables 3y agoAbsolutely agree about BRICS. How India and China will ever work together given the history is nuts. Better question is how this effects LatAm politics, and that's more interesting. How will it? The first that comes to mind is Brazil and trade between the two. Brazil has been moving away from America, as Argentina moves closer.
- ca_tech 3y agoMilei voiced opposition to BRICS so I don't think this has any effect on that. Bloomberg article covering Argentina's dollarization when it was first proposed by Milei which has some better info on what that means for Argentina https://archive.is/tef4H https://archive.is/tef4H IMF paper linked at the bottom of that article is a good read on what dollarization actually means for an economy outside of a political agenda.