The BRICS
BRICS, short for Brazil, Russia, India, China, and South Africa, is a geopolitical bloc formed in 2009. It aims to enhance cooperation and influence among these major emerging economies. BRICS represents an attempt to create an alternative world order that recognizes today's multipolar reality and addresses dissatisfaction with the existing international system. For the latest information, please refer to the provided sources.
Ralph Fontones
10/10/20231 min read
The BRICS is an acronym for Brazil, Russia, India, China, and South Africa. It is a geopolitical bloc that has been meeting annually since 2009 to coordinate multilateral policies. The fifteenth BRICS summit took place in Johannesburg, South Africa from August 22 to 24, 2023. During this summit, the leaders of the BRICS countries agreed to admit six new member countries: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. These new members are expected to officially join the group in January 2024.
The expansion of the BRICS to a BRICS+ format and the adoption of guiding principles, standards, and procedures have made the BRICS a more attractive institution for consensus building and dialogue in the developing world. This expansion is seen as an attempt at an alternative world order that acknowledges the multipolar reality and aims to address the growing disenchantment with the prevailing international system. For more information on this topic, you can refer to this article.
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https://www.cfr.org/councilofcouncils/global-memos/brics-summit-2023-seeking-alternate-world-order