A group of five will soon be a concert of eleven. At last week’s summit of the BRICS nations, Brazil, Russia, India, China, and South Africa agreed to invite Ethiopia, Argentina, Iran, Egypt, Saudi Arabia, and the United Arab Emirates to officially join the group on Jan. 1, 2024. The expanded BRICS shows its members’ dissatisfaction with the Western-led economic and political order.
Tourism represents a major challenge to Caribbean policymakers in the face of a deepening environmental crisis. The sector is central to the economies of most island states, but it is also a source of environmental problems. To both keep tourism alive and successfully manage climate change, changes are necessary.
Following recent turbulence in Western financial markets, many states without vast resources at their disposal are teetering at the edge of financial collapse. As an increasing number of emerging markets face brutal choices, the impact of inflation and austerity could increase the likelihood of political crises and armed conflicts.