How exchange rate swings shape growth in BRICS nations
When the Brazilian real stumbles or the Chinese yuan strengthens, the ripple travels far beyond currency traders’ screens; it strikes at the heart of the economic performance of nations belonging to the Brazil, Russia, India, China, South Africa (BRICS) bloc.
That’s the central premise of research by recent NWU PhD graduate Dr Goitsemodimo Abel Molocwa, whose recent investigation into the BRICS bloc unpacks how fluctuations in exchange rates tilt the scales of growth.