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Showing posts from July, 2025

BRICS IS OVER IN CURRENT GEOPOLITICAL TENSIONS

 In the current global political landscape, speculation about the possible closure or weakening of BRICS has gained momentum due to increasing internal divisions, geopolitical rivalries, and shifting global alliances. While BRICS was originally envisioned as a strong coalition of emerging economies to challenge Western dominance, recent developments have strained its unity. The ongoing war in Ukraine has placed Russia at odds with Western-aligned nations, and China's assertive global posture has raised concerns for countries like India, which shares a tense border relationship with China. These tensions make collective decision-making more difficult within the bloc. Furthermore, economic slowdowns in Brazil and South Africa, combined with differing national interests and political ideologies, have contributed to growing disunity. The lack of a coherent long-term strategy and limited success in reshaping global financial or political institutions have also led to doubts about BRICS...

Objectives of Brics

 The primary objectives of BRICS—comprising Brazil, Russia, India, China, and South Africa—are centered on promoting peace, development, and cooperation among emerging economies and creating a more balanced and multipolar world order. One of its key goals is to reform global financial institutions like the International Monetary Fund (IMF) and the World Bank to better reflect the interests of developing countries. BRICS also seeks to strengthen economic ties and trade among member nations by encouraging mutual investment, innovation, and sustainable development. Another important objective is to foster political cooperation by collectively addressing major global issues such as climate change, terrorism, global health, and food security. BRICS promotes respect for sovereignty, non-interference in internal affairs, and a fair international governance structure. Through initiatives like the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA), BRICS aims to provide...

What is Brics

  BRICS is an acronym that stands for a group of five major emerging national economies: Brazil , Russia , India , China , and South Africa . Originally formed as " BRIC " in 2006, it became "BRICS" in 2010 when South Africa joined the group. These countries came together with the objective of promoting peace, development, and cooperation among themselves while also advocating for a more balanced and fair global economic order . BRICS represents a significant share of the world’s population, natural resources, and global GDP , making it a powerful bloc in international affairs. The group functions through annual summits, ministerial meetings, and forums focusing on issues such as trade, infrastructure development , sustainable development , and reform of international financial institutions like the IMF and the World Bank . BRICS also launched the New Development Bank (NDB) to finance infrastructure and sustainable development projects, especially in developing co...