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More BRICS in the wall?
Finshots Daily
The Formation and Impact of BRICs: A Critical Analysis
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This chapter explores the formation and expansion of the BRICs and explains their inability to achieve practical outcomes such as increased trade and cooperation. It highlights the contrasting interests between India and China and attributes the lack of shared interests and uneven growth among member countries as reasons for their limited impact. However, it also discusses the emergence of the New Development Bank as an alternative to Western-dominated institutions.
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