Squiz Today Your Shortcut to... BRICS
BRICS' Expanding Global Power
- BRICS is an alliance aiming to counterbalance Western economic and political influence globally.
- It now includes 11 countries, representing over half of the world's population and a significant GDP portion.
BRICS Is Shaking Up Global Power with New Members and Economic Ambitions
BRICS, originally Brazil, Russia, India, China, and South Africa, has expanded to 11 countries, including Indonesia, Egypt, and Saudi Arabia, now representing 56% of the global population and 44% of world GDP.
The alliance aims to counterbalance Western economic influence by boosting trade among members, pushing for greater voice in international bodies like the UN and World Bank, and building infrastructure through the New Development Bank (NDB).
BRICS also controls a significant portion of global crude oil supplies, enhancing its leverage in energy and economic affairs.
They are exploring alternatives to the US dollar in trade, including using member currencies or creating a digital currency, with over 30 countries applying to join the bloc, signaling potential major shifts in global power dynamics.
Despite internal tensions and global conflicts, BRICS continues to grow, challenging the traditional Western-led world order.
BRICS is Economic, Not Military
- BRICS is an economic, not military, alliance focused on shifting global power away from the West.
- It works by boosting trade, calling for more influence in global organizations, and infrastructure cooperation.