Europe struggling to navigate growing force of Brics countries on international stage
Europe is struggling to navigate growing force of Brics countries on international stageAfter long periods of both the United States and Europe focusing inward, the reaction of much of the rest of the world to theproved a sharp wake-up call for the West. The support that the EU and the US felt they would have had in forums such as the United Nations, to squeeze Russia on the international stage, was not there.
Wagamama closure: Meat Loaf’s drummer would do anything for lunch, but he won’t be dining at shuttered Dublin branch At the same time as the US and European countries seemed to be retreating over the last decade, China has increased its diplomatic presence, seeking to use its huge financial heft to spread its influence. Its Belt and Road Initiative saw the country invest billions into large infrastructure projects in Africa, Asia and Latin America. The plan has been viewed as an attempt to gain leverage over poor countries in the Global South, many of which are now heavily indebted to China.
Sapir, a professor at Université libre de Bruxelles who also works with Bruegel economic think tank, says Europe is still “not paying enough attention” to the developing world.
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