BRICS is on fire! 🔥 The coalition of Brazil, Russia, India, China, and South Africa is turning heads across the Global South, offering real perks that countries just can't ignore.
We chatted with Zukiswa Roboji, a researcher at Walter Sisulu University in South Africa, who spilled the beans on why BRICS is the new cool kid on the block ahead of the upcoming BRICS summit in Kazan, Russia.
\"BRICS has undoubtedly made notable strides in recent years,\" Roboji said. \"One of the most significant achievements is expanding the group to include more nations, showcasing its growing appeal and relevance in a shifting geopolitical landscape.\"
According to Roboji, the BRICS mechanism is like a golden ticket 🎫 for emerging economies, giving them easier access to financial resources and opening doors to trade, investment, and development.
She pointed out that the New Development Bank has been a game-changer, funding crucial infrastructure projects in the Global South and helping tackle pressing development challenges. \"This has empowered those countries by giving them access to much-needed funding while allowing them to maintain greater independence over their own development paths,\" she noted.
BRICS represents a shift toward multipolarity, catching the eye of nations wanting to mix up their relationships and not just rely on Western powers. 🌐
\"Its commitment to multilateralism and global governance reform aligns with the interests of emerging economies aiming to have a stronger voice in international decision-making,\" Roboji explained.
Plus, BRICS' focus on cooperation in technology, energy, and climate change makes it an attractive partner for countries looking to grow sustainably while tackling global challenges. 🌱💡
\"As the group expands,\" she added, \"its potential to reshape global economic and political dynamics continues to draw interest from nations looking for strategic alignment beyond the traditional power centers.\"
In this vibe, BRICS has become a big deal for Global South countries, providing a platform for collaboration and growth.
BRICS has been stretching out a hand 🤝 to African nations, boosting investments and partnerships in sectors like energy, infrastructure, and technology.
With all these moves, it's no wonder BRICS is the talk of the town in the Global South! 🎉
Reference(s):
cgtn.com
