🌐 BRICS Nations Step Up as Global Economic Stabilizers
As rising tariffs and geopolitical tensions rattle the world, the 17th BRICS Summit kicks off in Rio de Janeiro this week with a bold mission: ‘Strengthening Global South Cooperation for Inclusive Governance.’ With Indonesia joining as a new member and 10 partner countries onboard, this year’s gathering is poised to reshape how emerging economies tackle climate, AI, and trade wars.
💡 Why This Summit Matters Now
‘Uncertainty is the new normal,’ says Wang Youming, a China Institute of International Studies researcher. From Ukraine to Gaza, global conflicts are testing international alliances. Meanwhile, Trump-era tariffs have hit BRICS economies hard—making their collective voice on trade rules a game-changer. The bloc now represents 30% of global GDP and nearly half the world’s population!
🚀 BRICS’ Secret Weapons: NDB & Local Currencies
Since launching the New Development Bank in 2014, BRICS has pumped billions into infrastructure projects across the Global South. But the real flex? Ditching the dollar. With U.S. sanctions looming, members are pushing local currency settlements to shield their economies. Intra-BRICS trade has grown at a blazing 10.7% annually—triple the global average! 📈
🌱 Green Tech & Supply Chains: The New Frontier
This summit isn’t just about resisting Western dominance. Expect deals on AI governance, green energy, and digital supply chains. As Wang notes: ‘BRICS isn’t anti-West—it’s pro-alternatives.’ With 20+ nations and orgs invited, could this be the start of a true multipolar world? 🤝
