Can you imagine US dominance disappearing and the dollar losing its weight?
The world's fastest-growing economies, once facing the West, came together and formed an alliance.
The name of the alliance is BRICS.
Brazil, Russia, India, China and South Africa had positioned themselves as representatives of the Global world, providing an “alternative model to the G7”. With its establishment, it has raised many concerns.
The BRICS alliance was reshaping the global economy. Increased trade and plans for a common currency challenged the West and raised concerns about political and economic changes globally. However, at the point we have reached now, the myth of the unification of emerging economies has faded. The BRICS countries have been placed in geopolitical clamps. However, they are resorting to a new move to get rid of the geopolitical clamp in this energy field. It is only a matter of time before Saudi Arabia, the world's largest oil exporter, becomes a member of the BRICS. Will the membership of an oil giant like Saudi Arabia to the alliance cause countries in need of energy to abandon the US dollar? Will the shift of global powers from the West to the East take place? What will China and Russia do to get Saudi Arabia out of the US and agree to become a member of the BRICs? What is the BRICS and how will it change the world order?
26 сен 2024
