A key Russiafriendly bloc may decide to expand. Who stands to benefit?
- At stake in decisions around expanding is the direction and identity of the group, whose members aim for more say in an international system they see as favoring the West and Group of Seven (G7) nations, despite a shift in who dominates the global economy over recent decades.
- Members of the BRICS economic group of major emerging economies are meeting this week in South Africa for a summit that could determine the future of the bloc – and how hard it pushes back against a world order it sees as unfairly dominated by the West.
- “India finds itself in a difficult spot, because the group’s identity is shifting, and it does not want that shift,” said Kewalramani, who noted that New Delhi is seen as having slowed the introduction of new members last year by calling first for the creation of criteria.
- Such a shift might not be what the group seeks, however, he said, and having more members could help bring more diversity of perspective into the discussion on global issues.
- Adding members “would expand the group’s global presence” and increase buy-in for its agenda to counter Western political dominance, he said.
- An expansion would only be the second in the history of the group, which focuses on economic development and increasing its members’ voice in global forums.
Members of the BRICS economic group of major emerging economies are meeting this week in South Africa for a summit that could determine the future of the bloc and how hard it pushes back against a wo [+9299 chars]