Categories: News

BRICS Countries Want To See A Change In Global Geopolitics

This week’s meeting in Johannesburg brings together the heads of the BRICS developing economies, which together make up nearly a fifth of the world’s wealth. They hope to increase the group’s influence and promote a change in geopolitics on a global scale.

Brazil, Russia, India, China, and South Africa are the five major emerging economies that make up the BRICS acronym. Annual summits between these nations are held to discuss a range of topics of shared concern, including as economic cooperation, global governance, and geopolitical challenges. Discussions about commerce, investments, political collaboration, and regional and international issues are frequently included in these gatherings.

The 15th BRICS summit, which will take place in 2023, is an annual gathering of the leaders of the five BRICS nations (Brazil, Russia, India, China, and South Africa), who discuss world affairs.

In addition to Xi Jinping of China, Narendra Modi of India, and Luiz Inacio Lula da Silva of Brazil, Cyril Ramaphosa of South Africa will welcome them for the annual three-day summit beginning on Tuesday. Vladimir Putin, the president of Russia, will also participate virtually.

Putin made the decision not to attend in person since he is the subject of an arrest order issued by the International Criminal Court, which South Africa is obligated to execute if he enters the nation. Sergey Lavrov, the foreign minister, will go to Johannesburg instead.

At least 40 nations have indicated interest in joining, and 23 of those have formally made applications to join the BRICS, indicating an increasing level of interest in the group. The BRICS nations, which were formally established in 2009, presently make up 42 percent of the world’s population and 23% of the global GDP.

One of the reasons nations are rushing up to join is “the very polarised world we live in, that has been further polarised by the Russia-Ukraine crisis, and where countries are being forced to take sides,” according to Anil Sooklal, South Africa’s ambassador-at-large for Asia and the BRICS.

Chen Xiaodong, the Chinese ambassador to Pretoria, stated at a briefing that the existing global governance structure has become inefficient, weak, and absent in action, adding that BRICS are “increasingly becoming a staunch force in defending international justice.”

“Southern countries don’t want to be told who to support, how to act, or how to manage their own internal affairs. They are now powerful enough to defend their separate positions, Sooklal continued.

Many nations interested in joining the club “are seeing BRICS as an alternative to the current hegemony,” according to Lebogang Legodi, a lecturer in international politics at the University of Limpopo.

During the meeting, a “Friends of BRICS” program will be attended by about 50 additional leaders.

“BRICS and Africa: Partnership for mutually accelerated growth, sustainable development, and inclusive multilateralism” is the topic of this year’s event.

It occurs at “a critical inflection point,” according to Steven Gruzd of the South African Institute of International Affairs’ Africa-Russia Africa project.

Sooklal predicts that a decision about BRICS membership expansion will be made at the summit’s conclusion.

Sameer
Sameer is a writer, entrepreneur and investor. He is passionate about inspiring entrepreneurs and women in business, telling great startup stories, providing readers with actionable insights on startup fundraising, startup marketing and startup non-obviousnesses and generally ranting on things that he thinks should be ranting about all while hoping to impress upon them to bet on themselves (as entrepreneurs) and bet on others (as investors or potential board members or executives or managers) who are really betting on themselves but need the motivation of someone else’s endorsement to get there.

Recent Posts

Small Business, Big Impact: How to Stand Out in a Crowded Market

Take me back to a moment that shifted everything for me. Imagine this: I sat on the floor, with cardboard…

7 hours ago

5-Axis CNC Machining for Complex Medical Device Prototyping

The medical device industry requires precise innovation and full compliance standards, specifically in prototyping development. Medical device prototyping is crucial…

8 hours ago

Best AI Tools for Small Businesses in 2025

The Transformative Role of AI Tools for Small Businesses in 2025 Artificial intelligence (AI) has quickly evolved from a high-tech…

11 hours ago

Exploring Oil And Gas Vacancies Worldwide With Wts Energy

The Importance of Tracking Oil and Gas Jobs for Career Advancement The global energy sector continues to evolve, yet the…

12 hours ago

Comparing The 1 Troy Ounce Gold Maple Leaf 2024 And The Gold Philharmonic 2024

Comparing the 1 Troy Ounce Gold Maple Leaf and Gold Philharmonic 2024 Gold coins remain a popular choice for collectors…

12 hours ago

International Background Checks: Global Hiring With Confidence Through Pescheck

The Importance of International Background Checks for Global Hiring As businesses expand across borders, hiring international talent has become more…

13 hours ago