Editorial: As the world grows more fractured, developing countries are looking for new coalitions to stay out of a possible cold war
more states wish to sign up. But the club’s popularity is not a sign that an anti-western bloc is coalescing. “Brics-11” contains two US allies: Saudi Arabia and the United Arab Emirates. Rather, demand for Brics membership looks more like an expression of concern at the way in which global disorder is growing.
As the world grows more fractured, developing countries are stressing self-reliance and looking for new coalitions to keep their options open. What unites the Brics-11 nations is their view of geopolitics. Since, the transatlantic alliance has consolidated, and Moscow and Beijing have drawn closer. Brics members see the world moving towards a cold war-type mentality between a US-led coalition of democracies and a rival grouping of autocracies.
Developing countries prize the bargaining power to gain better trade, technology and weapons deals. No doubt countries such as Argentina and Iran see Brics membership as a way to access Chinese investment. The club’s original members had two things in common: they were large economies with high potential growth rates. The
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