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BRICS: Powering a New Global Order
Learn everything about BRICS – its origin, objectives, member countries, and rising influence in global geopolitics. Discover how this powerful alliance is shaping a new world order.
From challenging global power structures to creating their own financial systems, BRICS nations are reshaping the world order. 🌍 Dive into this 10-post series to understand the rise of Brazil, Russia, India, China, and South Africa on the world stage. #BRICS #GlobalPower #EmergingEconomies #IndiaInBRICS #BRICSCountries #Geopolitics #NewDevelopmentBank #BRICS2025 #MultipolarWorld #GlobalEconomy
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What is BRICS?
BRICS is an international group of emerging economies—Brazil, Russia, India, China, and South Africa—focused on economic cooperation and political influence on the global stage.
The Origin of BRICS
The term BRIC was coined in 2001 by Goldman Sachs. South Africa joined in 2010, making it BRICS. The group was formed to represent developing nations in global decision-making.
Member Countries of BRICS
The five member countries are Brazil, Russia, India, China, and South Africa. Together, they represent over 40% of the world’s population and more than 25% of global GDP.
Objectives of BRICS
BRICS aims to reform global financial institutions, promote sustainable development, strengthen mutual cooperation, and foster a multipolar world.
Economic Strength of BRICS
With vast resources, large populations, and growing influence, BRICS economies are playing a crucial role in shaping global trade and finance systems.
New Development Bank (NDB)
Founded by BRICS in 2014, the NDB funds infrastructure and development projects in member countries and emerging markets, offering an alternative to Western financial institutions.
BRICS vs G7: A New Balance?
BRICS is often seen as a counterbalance to the G7. While G7 represents the world’s richest nations, BRICS focuses on inclusivity, development, and south-south cooperation.
Recent Expansion Talks
BRICS has discussed including new countries like Iran, Argentina, Egypt, and UAE. Expansion aims to strengthen its influence in global affairs.
India’s Role in BRICS
India plays a strategic role in BRICS with its large economy, technological advancement, and diplomatic initiatives focused on peace, growth, and sustainable development.
