BRICS is the influential economic alliance of Brazil, Russia, India, China, and South Africa, and it is reshaping the global economy. Plans for increased trade and a common currency may challenge the West, leading to concerns about political and economic shifts globally.

HOW INDONESIA WILL BECOME THE NEXT CHINA by Ashley Robertson / @indonesiadocumentary According to International monetary fund, Indonesia GDP per capita in this recent month of february 2024 has reached 5,510 US dollars. And Indonesia aims to become a country with a per capita income equivalent to developed nations in order to escape the Middle Income Trap. the Indonesian Deputy of Economic Affairs Amalia Widyasanti, in the Economic Update 2023 said, Our per capita income needs to triple from its current position, as the threshold for a high-income country is around 13,800 US dollars per capita." Therefore, Indonesia needs to shift its approach in building the future, from reformative to transformative, through three areas of change: economic, social, and governance. In pursuit of this ambitious goal, President of the Republic of Indonesia, Joko Widodo, launched the National Long-Term Development Plan 2025 to 2045 to realize the vision of "Indonesia Emas 2045" or the “GOLDEN INDONESIA 2045” "To achieve the golden indonesia 2045, smart execution is needed, very much needed. It requires smart leadership, strong leadership, that is brave and adept at finding solutions, and has the courage," said the President Joko Widodo on that occasion. How Indonesia is on track to become the next big player in economic development by 2045, following in the footsteps of China's incredible growth. It's like witnessing a new star rise in the economic galaxy, and Indonesia is poised to shine bright. With bustling cities, towering skyscrapers, and a thriving economy that captures the world's attention. Indonesia, with its diverse culture and abundant resources, is gearing up for a remarkable transformation.

Up until 1990 India was slightly richer than China on a per capita basis, but since then China's economy has grown far faster than India's. In this video we look at the structural issues in India's economy have thus far prevented it from achieving the same level of economic success as China. The Economic Explained team uses Statista for conducting our research

The McDermitt Caldera is a 28 by 22-mile wide area that spans across northern Nevada and southern Oregon. A recent discovery could make it the most important plot of land in the country. And with value comes conflict.

Lithium is the 'new oil' of the clean energy era, crucial to the production of batteries for electric vehicles. The FT investigates this booming industry - and the controversies surrounding it - on a journey from Chile to Norway and the UK

As electric car sales grow, demand for lithium, a key component in EV batteries, has surged. China controls about 60 per cent of global lithium processing, through its vast network of refineries. As the FT’s Harry Dempsey reports, Europe and the US are both making moves to loosen China’s grip on the lithium supply chain, but it won’t be easy.

The U.S. used to be a global leader in lithium processing, but it lost its market control to China in the early 2000s. Since then, China has developed its own lithium supply chain, controlling 55% of the market. Now, the U.S. is trying to secure its own supply in a race for independence. Lithium is a critical component in batteries and the world’s transition to green energy. Demand for the light metal has surged and is expected to reach nearly 2.5 million metric tons by 2028. WSJ explores China’s major supply chain vulnerability and the U.S.’s long road to build its own.

Smartphones. Cars. Toasters. Fighter jets. While vastly different on the outside, all four items share something similar on the inside: semiconductors. "There's no tech industry without semiconductors," said Stacy Rasgon, senior semiconductor analyst at Bernstein Research. Semiconductors represent a $574 billion industry globally and are on pace to cross the trillion-dollar mark by the end of the decade. The industry has been caught in the crosshairs between the U.S. and China, two of the world's largest economies. The U.S., which leads the world in global semiconductor market share, recently issued sweeping restrictions on the sale of advanced chips and chipmaking equipment to China, in an attempt to restrict Beijing's access to critical technologies. The Biden administration has said the export controls are aimed in part at preventing the use of American-made chips in China's military. China, meanwhile, has accused the U.S. of abusing export restrictions to impede the country's technological advances. "We cannot allow China to have our most sophisticated semiconductor chips for use in the Chinese military," U.S. Secretary of Commerce Gina Raimondo said in an interview with CNBC on Oct. 30, 2023. "That's where we've drawn the cut line." Watch the video above to find out more about how the semiconductor industry became the centerpiece of a technological tug-of-war between the U.S. and China, and what the potential implications are for companies caught in the middle of it all.