BRICS can serve as a platform for shaping a post-Western global order, but the potential of the grouping is held back by internal contradictions. Examine.
Introduction
BRICS as a platform is extending with 5 new members joined in 2024 (Saudi Arabia, UAE, Iran, Egypt and Ethiopia) and many more nations willing to join
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Main Body
Platform for shaping post-West global order (1) Shaping post-West economic global order a) New development Bank NDB and Contingency Reserve arrangement CRA can emerge as a alternative to Bretton Woods (WB & IMF) b) BRICS common currency (in discussion) currently can accelerate the de-dollarization c) Alternate BOU in a world becoming increasingly NATOized (new members in NATO - Sweden, Finland) (2) Leadership to Global South and post the views of global South nations on multilateral platforms (3) Reforming multilateral institutions in the post -West global order Ex Drive UNSC reforms (can advocate for emerging nations on the issues of trade (at WTO), climate change (common but differentiated responsibilities))
Diagram
Simple flowchart showing 'Way ahead' with arrows pointing to: Conservative and common agenda to be bought, Peaceful resolution of disputes, Expand to get interested member
CHAKKA SNEHITH
Bilateral, Regional and Global Groupings affecting India
BRICS
BRICS as platform for post-West global order
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Paragraphs
analytical
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