“One of many extra exceptional developments during the last 25 years is that an funding banker’s arbitrary acronym for a quartet of rising market economies has change into the rubric for revolt,” FP’s Keith Johnson wrote forward of the high-profile BRICS assembly in Kazan, Russia, final week. It was the primary summit because the group—initially comprising Brazil, Russia, India, China, and later South Africa—added Egypt, Ethiopia, Iran, and the United Arab Emirates to its ranks.
However can BRICS actually create, as some analysts counsel, a substitute for the Western-led worldwide order and the dominance of the U.S. greenback? The essays under supply a primer on the bloc at this pivotal second in its improvement and contextualize a few of the debates on its potential to disrupt the worldwide steadiness of energy.
“One of many extra exceptional developments during the last 25 years is that an funding banker’s arbitrary acronym for a quartet of rising market economies has change into the rubric for revolt,” FP’s Keith Johnson wrote forward of the high-profile BRICS assembly in Kazan, Russia, final week. It was the primary summit because the group—initially comprising Brazil, Russia, India, China, and later South Africa—added Egypt, Ethiopia, Iran, and the United Arab Emirates to its ranks.
However can BRICS actually create, as some analysts counsel, a substitute for the Western-led worldwide order and the dominance of the U.S. greenback? The essays under supply a primer on the bloc at this pivotal second in its improvement and contextualize a few of the debates on its potential to disrupt the worldwide steadiness of energy.
An illustration reveals (from left) Brazilian President Luiz Inácio Lula da Silva, Chinese language President Xi Jinping, South African President Cyril Ramaphosa, Indian Prime Minister Narendra Modi, and Russian Overseas Minister Sergey Lavrov as they pose for a bunch photograph on the BRICS summit in Johannesburg on Aug. 23, 2023. Overseas Coverage illustration/Getty Photos
Can BRICS Lastly Take On the West?
FP’s Keith Johnson analyzes how an advert hoc gaggle of nations turned themselves into world revolutionaries and why it would but matter for the West.
Turkish President Recep Tayyip Erdogan arrives to attend a session through the tenth BRICS summit in Johannesburg, South Africa, on July 27, 2018.GIANLUIGI GUERCIA/AFP by way of Getty Photos
Turkey’s BRICS Balancing Act
By making use of to affix the group, Ankara is signaling to the West that it shouldn’t be taken with no consideration, Jorge Heine and Ariel González Levaggi write.
Brian Stauffer illustration for Overseas Coverage
Don’t Wager Towards the Greenback
U.S. opponents are pushing the bounds of autonomy inside a dollar-based system, however there isn’t an actual world various—and the world is much from an inflection level, Jared Cohen writes.
A Thai lady has her face painted with a Thai flag previous to the opening ceremony of the AFC Asian Soccer Cup in Bangkok on July 7, 2007.Pornchai Kittiwongsakul/AFP/Getty Photos
Southeast Asia in BRICS Is Good for the World Order
The membership’s enlargement affirms the World South’s hedging technique—and sends a message to the good powers, Sarang Shidore writes.
Officers of BRICS international locations pose for a household photograph through the 2023 BRICS Summit in Johannesburg on Aug. 23, 2023.Gianluigi Guercia/POOL/AFP by way of Getty Photos
The Younger and the Westless
New facilities of energy are rising as a brand new technology within the world south appears past Washington and former European colonizers, Samir Puri writes.
