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BRICS Summit: A New World Order?

The BRICS summit took place in Johannesburg, South Africa on August 23-24, 2023. The leaders of Brazil, Russia, India, China, and South Africa (the BRICS countries) met to discuss a wide range of issues, including the global economy, climate change, and security.

One of the key topics of discussion was the future of the global currency system. The BRICS countries have been critical of the dominance of the US dollar, and they have called for a more diversified system that would give other currencies a greater role. They have also discussed the possibility of creating a common BRICS currency.

The BRICS countries also discussed the need to reform global governance. They called for a more equitable system that would give developing countries a greater voice. They also discussed the need to address the issue of climate change, which is a major challenge facing the developing world.

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The BRICS summit was seen as a way for the five countries to unite and assert their influence on the global stage. The summit also highlighted the growing economic and political power of the BRICS countries.

Uniting Developing Countries

The BRICS countries are all developing countries with large populations and economies. They share a common interest in promoting economic growth and development. The BRICS summit was an opportunity for the five countries to come together and discuss ways to cooperate on these issues.

China and Russia Lead the Way

China and Russia are the two largest economies in the BRICS bloc. They also have the most political and military power. As a result, they are the leaders of the BRICS group. China has been particularly active in promoting the BRICS agenda, and it has been a major driver of the bloc’s economic growth.

Progressive Business

The BRICS countries are also home to some of the world’s most progressive businesses. These businesses are leading the way in innovation and technology, and they are helping to drive economic growth in the developing world. The BRICS summit was an opportunity for these businesses to come together and discuss ways to collaborate on new projects.

A New World Order?

The BRICS summit was seen by some as a sign of a new world order. The five countries are increasingly challenging the dominance of the United States and the West. They are also working together to create a more equitable and sustainable global system.

The future of the BRICS bloc is uncertain. However, the summit was a clear sign that the five countries are committed to working together to shape the future of the world.

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New Members

The BRICS summit is also discuss the expansion of the BRICS membership. Argentina, Indonesia, and Iran have expressed interest in joining the group.

The addition of new members would strengthen the BRICS and give it a more global reach. It would also send a signal that the BRICS countries are open to cooperation with other countries from the Global South.

The 2023 BRICS summit is a significant event that will have a major impact on the global economy and geopolitics. It is an opportunity for the BRICS countries to reaffirm their commitment to cooperation and multilateralism, and to show the world that they are a force for good in the global community.

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Dona Chakraborty
Dona Chakraborty
Editorial Assistant

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