Leaders of the BRICS nations met virtually in 2021. | Photo Credit: BRICS Press Information Bureau/AP/picture alliance
William Penn – “If we are not governed by God, then we will be Governed by a tyrant”
Important Takeaways:
- BRICS nations offer a new world order as alternative to the West
- It offers a diplomatic forum and development financing, outside of the Western mainstream.
- …now the BRICS nations—Brazil, Russia, India, China, and South Africa—are setting themselves up as an alternative to existing international financial and political forums.
- Brazil, Russia, India, China and South Africa are trying to position themselves as representatives of the Global South, providing “an alternative model to the G7”. The G7 is an “informal forum” of heads of state of the world’s most advanced economies, founded in 1975. Germany, France, the United Kingdom, Italy, Japan, Canada, and the US are members, as is the EU.
- “Consequently, some European and US policymakers worry that the BRICS may become less an economic club of rising powers seeking to influence global growth and development, and more a political one defined by their authoritarian nationalism.”
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