Brazil, Russia, India, China, and South Africa, the bloc’s five members, announced the offer of six new nations at the BRICS Summit in Johannesburg on August 24, 2023, including Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates. As of January 1, 2024, BRICS nations may account for nearly half of the country’s population.
While BRICS has worked hard to achieve concrete results, the impulse may now be changing. With this development, BRICS economies would grow at higher demographic and socioeconomic rates than G7 members, surpassing them in terms of total gross domestic product.
Given Iran’s admission and the current membership of Russia and China, the BRICS expansion & nbsp could help ease tensions among the Middle Eastern member states of the group. However, it could also provoke the United States and NATO.
A growing number of nations have expressed a desire to join the BRICS class. However, there are internal conflicts over how the party may proceed. India has expressed worry about admitting some new members very rapidly, while China and Russia have pushed for a rapid growth of the BRICS to increase their political influence.
India’s worry is largely related to its long-standing, contentious boundary disputes with China as well as the recent strength of its diplomatic ties with the US. India’s role in preventing the BRICS from emerging as openly anti-Western only serves to highlight the nation for the United States on a geopolitical level. During his visit to the White House in June 2023 and nbsp, US President Joe Biden absolutely pulled out the red carpet for Indian Prime Minister Narendra Modi.
Some nations and nations see BRICS as an alternative to organizations like the G7 or G20, which base rank on particular values and commitments to foreign policy. For instance, India is at risk of receiving retaliation from the global trading system due to its renewed ethnonationalist plans.
China will strengthen its position in the developing world through the expansion of BRICS, helping to spread its” non-interventionism” model. This model is supported by members like Brazil and Ethiopia who have expressed their disinterest in the economic and geopolitical disputes between China and the US and Russia, preferring to take advantage of another BRICS-offered economic opportunities.
Twenty countries have applied for membership, and plans for expanded rank are in the works. No political or ideological foundation is necessary for participation. Nigeria, Angola, Mozambique, and the Democratic Republic of the Congo have all submitted applications for account, all of which have very troubling human privileges records and local political weight.
The BRICS offers a chance for claims to break away from the West, according to some officials in the developing world who are already observing the gap in reaches between them and the G7.
However, there are significant restrictions on the BRICS rise. In favor of alternative currencies like the Chinese yuan and the Brazilian real, the group has been pushing to & nbsp, decouple from dollarization, and other currencies. Some nations, such as Argentina, Brazil, and nbsp, have made significant efforts to de-dollarize, while others have been more cautious.
The great authority figures in the bloc and its smaller individuals also seem to lack much harmony. With little material support from China and Russia, both permanent members, Brazil, India, and South Africa have all been vying for membership on the & nbsp, United Nations Security Council.
Beyond their desire to change the world order, some BRICS members share little cultural, economic, and geopolitical similarities with the G7.
However, the BRICS & nbsp has been coherent, meticulously but slowly consuming the West’s influence on the world order. BRICS members have taken over recently liberal-led international institutions and created new institutions while receiving assistance from China, Russia, and occasionally India.
The BRICS nations are providing a means of engagement for nations that do not want to abide by liberal ideals and values but still seek to benefit from the world order’s financial benefits. Through the BRICS bank and other Chinese-led financial institutions, new members will also have easier access to andnbsp, Chinese project financing and & nBSP.
Another warning concerns China’s non-interventionist posture and worth forecast. In Taiwan, Hong Kong, Tibet, Xinjiang, the South China Sea, and Africa, China-aligned states are willing to take Beijing’s message and neglect its interventionist policies andnbsp in exchange for political and financial advantages.
However, China’s rhetoric appears to resonate with some regions of the world that were recently damaged by European colonial activities, such as Latin America, Southeast Asia, and the Middle East.
Due to the West’s inability to change its perception of the world, its own overseas military campaigns, and its ties to American military blocs and NATO, the G7 is frequently grouped and nbsp with these campaigns. Therefore, even though China’s position may get seriously weak, some regions of the world are looking for an option.
As Chinese funding and business programs relate in tangible benefits to engagement, economic and diplomatic proximity with China is, in some countries, more popular internally andnbsp than proximity with the West.
Given that the G7 nations have remained steadfast in their support of” values” and the preservation of the” liberal order ,” among other important principles, it is possible that they are influencing BRICS more and more. Developmental countries may simply visit the other alliances if the United States and G7 push test checks to hard.
The sole strategies to halt the growth of BRICS may be internal political developments and a potent counterreaction.
Freelance blogger Joseph Bouchard is a Carleton University, Ottawa, master of international politics candidate who focuses on politics and fight.
Sophie Egar is a master’s prospect at the Johns Hopkins School of Advanced International Studies and an Visiting Researcher at Iracambi Rainforest Research and Conservation.