EU Bubble is Burst: What next?

EU Bubble is Burst: What next?

brics plus significantly outperforms the
European Union in several key areas
leveraging its expansive natural
resources and developing robust
Financial systems to enhance its Global
standing with major oil producers like
Saudi Arabia and the UAE brics plus Now
controls a substantial portion of the
world’s oil production in stark contrast
to the eu’s minor role and heavy
Reliance on energy Imports additionally
initiatives like the new development
bank and efforts toward dollarization
particularly by Russia and China
illustrate brics Plus’s strides in
reducing dependence on Western Financial
systems and the US dollar in
international trade in agriculture
countries like China Russia and Brazil
contribute massively to Global grain
production with China alone far
surpassing the eu’s output collectively
bricks plus not only accounts for a
larger population but also a significant
share of global GDP enabling it to exert
considerable influence in international
forums this economic scale and resource
control position bricks plus as a
formidable counterbalance to traditional
Western Powers contrasting with the eu’s
focus on sustainability and Regulatory
standards in economic development in
this video we analyze the standing of
the European Union against bricks plus
as of April 2024 we explore the
strengths of each block and discuss
their prospects comparing the outlook
for brics plus and the European Union
before we dive deeper would you mind
showing some love by hitting the like
button it really helps us reach more
amazing viewers like you a huge thank
you for your support in terms of global
oil production the eu’s share is
considerably less prominent as of the
latest data the EU is a minor player in
terms of crude oil production relying
heavily on Imports to meet its energy
needs in 2021 more than half of the eu’s
energy requirements were met through net
Imports reflecting a high dependency on
external energy sources this contrasts
sharply with the bricks plus group
particularly with the inclusion of major
oil producers like Saudi Arabia and the
UAE which is set to increase their
Collective share of global oil
production from 20.4% to
43.1% before we continue please take a
moment to hit the like button if you
find this video helpful your support
helps us reach more fantast thank you so
much for your support as support as of
2023 the bricks plus group with its new
members is expected to have a combined
GDP of approximately $3.8 trillion
representing
29.3% of the global GDP in comparison
the European Union EU has a GDP of about
$16.9 trillion making up
17.9% of the global GDP in purchasing
power parody PPP terms this indicates
that brics plus has a significantly
larger economic output in both nominal
and PPP terms compared to the EU
underlining its growing influence in
global economic forums now it is your
turn what are the major challenges of
the bricks in 2024 can EU overtake
bricks in next few years leave your
thoughts in the comments in 2023 China
Russia and Brazil have significant roles
in global grain production each
showcasing unique capacities and
strategies in the agriculture sector
China’s total grain production for 2023
was substantial with an annual output
reaching approximately
ion metric tons the major grains
produced include rice wheat and corn
with rice being the predominant crop at
about 26.6 million metric tons this
level of production underscores China’s
critical role in global food security
and its capacity to influence global
grain markets for the same period
Russia’s cereal production was forecast
at about
136.6 million metric tons demonstrating
its significant position as a global
grain supplier the country’s
agricultural output is crucial not only
for domestic consumption but also for
exports particularly wheat which Russia
is known to export extensively Brazil
renowned for its agricultural prowess
particularly in soybeans and corn saw
its soybean production reach record
levels in 2022 to 2023 with about 150
million tons produced this reflects a
21.2% increase from the previous harvest
the country’s grain production capacity
especially for soybeans positions it as
a key player in Global agriculture
influencing both market dynamics and
international trade patterns in 2023 the
European Union’s grain production is
anticipated to reach about 285 million
metric tons mmt which is a significant
increase from the previous year’s total
of 267 mmt this increase is largely due
to improved growing conditions which are
expected to bolster yields and reduce
the blocks dependency on grain Imports
while enabling larger exports USDA
foreign agricultural service for
individual grain types in the EU the
production forecast for soft wheat is
approximately 129. 7 million tons
reflecting an increase over previous
years and suggesting a recovery from
past declines barley production
estimates are around 52.3 million tons
stable compared to the 5-year average
while Ma’s production is expected to
rise significantly to 63.4 million tons
up by 25% from the past season’s poor
yields to compare the two BLS China’s
production alone outstrips the entire EU
output underlining the immense scale of
its agricultural sector when combined
the bricks countries significantly
overshadow the EU in terms of total
grain production both Russia and Brazil
are recognized for their substantial
export capacities which are critical for
Global Supply chains Russia’s exports
are pivotal in wheat while Brazil leads
in soybeans unlike the bricks focus on
specific staple crops which influence
global pric in Supply Dynamics the eu’s
approach involves a more Diversified
Crop Production this strategy not only
enhances its internal food security but
also stabilizes its position in the
global market through varied
agricultural outputs the European
Union’s ambitious green transition under
the European green deal aims to make the
EU the world’s first climate neutral
continent by 2050 this strategy includes
a comprehensive plan involving a carbon
border adjustment mechanism stringent Co
two standards for vehicles targeting
zero emissions from new cars by 2035 and
substantial investments in renewable
energy and Energy Efficiency to achieve
these goals the EU has mobilized
significant financial resources notably
onethird of the 1.8 trillion EUR from
the Next Generation EU fund and the EU
7-year budget is earmarked for green
deal initiatives this includes exceeding
the target of allocating 37% of these
funds to climate Investments with more
than 60 billion approved for enhancing
energy security and sustainability under
the repower EU plan the eu’s strategy
also focuses on enhancing industrial
competitiveness through the green deal
industrial plan which aims to double the
eu’s Net Zero startup ecosystem to over
100 billion EUR and to significantly
expand renewable energy capacity to more
than 400 gaw by enhancing wind and solar
production comparatively brics countries
are concent tring on leveraging their
substantial natural resources and
economic influence to bolster their
Global standing with a less immediate
emphasis on stringent environmental
standards the inclusion of resourcer
countries like Saudi Arabia and Iran
into bricks underscores this Focus as
these nations are significant Global oil
producers which contrast with the eu’s
approach towards a green and sustainable
economic model the Divergent Paths of
the EU and brics illustrate fundamental
differences in addressing Global
challenges with the EU prioritizing
environmental sustainability alongside
Economic Development while brics
emphasizes economic growth with a
strategic use of their natural resource
wealth this contrast reflects broader
Global debates on the balance between
environmental sustainability and
economic development that’s all for this
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BRICS+ significantly outperforms the European Union in several key areas, leveraging its expansive natural resources and developing robust financial systems to enhance its global standing. With major oil producers like Saudi Arabia and the UAE, BRICS+ now controls a substantial portion of the world’s oil production, in stark contrast to the EU’s minor role and heavy reliance on energy imports. Additionally, initiatives like the New Development Bank and efforts towards de-dollarization, particularly by Russia and China, illustrate BRICS+’s strides in reducing dependence on Western financial systems and the US dollar in international trade.

In agriculture, countries like China, Russia, and Brazil contribute massively to global grain production, with China alone far surpassing the EU’s output. Collectively, BRICS+ not only accounts for a larger population but also a significant share of global GDP, enabling it to exert considerable influence in international forums. This economic scale and resource control position BRICS+ as a formidable counterbalance to traditional Western powers, contrasting with the EU’s focus on sustainability and regulatory standards in economic development.

In this video, we analyze the standing of the European Union against BRICS+ as of April 2024. We explore the strengths of each bloc and discuss their prospects, comparing the outlook for BRICS+ and the European Union.