BRICS has become eleven countries instead of five.

[Mate2237]

I have not heard of this organization before and this is the first time I am hearing this. The Brazil, Russia, India, China and South Africa (BRICS) group is not for the betterment for African States and also I am suspecting that the Soviet Union is trying to form another bloc to support their new ideology. From my research, the organization needs 20 countries to join them and the ones they need have not shown interest. Such organizations do not favor Africa countries.

The only financial or economic freedom organization African countries need is the economic organization within Africa with one currency in the whole Africa and not international economy Organization to edify African economy. As a well educated scholar about African history, I am not in support of this bloc ideology in Africa. This will bring another economic conflict in Africa.

[Sithara007]

Dozens of countries have applied to join BRICS, but some of the founding members have long-standing hostilities. One example is between India and China. Very recently there was a border clash, in which dozens of soldiers died from both the sides. So an economic union between the BRICS nations looks unviable for now. And then there is the issue about a common currency. At this point, I don't believe that any of the national currencies in BRICS bloc has the capability to replace the USD. CNY looks like the strongest one, but even it is heavily manipulated by the government. 

[be.open]

Dozens of countries have applied to join BRICS, but some of the founding members have long-standing hostilities. One example is between India and China. Very recently there was a border clash, in which dozens of soldiers died from both the sides. So an economic union between the BRICS nations looks unviable for now. And then there is the issue about a common currency. At this point, I don't believe that any of the national currencies in BRICS bloc has the capability to replace the USD. CNY looks like the strongest one, but even it is heavily manipulated by the government. 

As far as I know, at the recent BRICS summit, Xi and Modi had fruitful behind-the-scenes talks between themselves on the issue of mutual territorial claims. I hope that this conflict between India and China will be peacefully resolved, or at least the leaders of both countries will be wise enough to avoid escalation and continue to fight with sticks, not missiles.

[Kakmakr]

I think a lot of people are making too much of the BRICS summit. They clearly said that they wanted to strengthen trade agreements between the member countries and if a "new" currency are developed.... it will merely be used to make transactions easier between these countries.

The "West" has used international payment systems as a political tool to force certain countries to adhere to their commands. (sanctions and blocking SWIFT or VISA payments and even blocking transfers from targeted individuals)

In the meantime ....those countries are going to use their local currencies more to strengthen their own economies and not just the US or the UK ..... or the European currencies.   

[justdimin]

It's all about Russia and China trying to increase their influence in the world through the arrangement of third world nations against first world countries which are lead by USA. I don't know how strong this economical alliance can be, but I fear we get more distant from US and their allies to give preference to russians and chineses. Living in Brazil, personally, I prefer to stay with the occident, because it's still where freedom and individual rights are more respected than in the rest of the world. And if BRICS get stronger, I believe there is a real threat tyranical practices from the east may be applied to us too, even living in an western country.

That is a trouble even right now, and the fact that they could grow to be bigger is definitely scare for sure. However, I do not think that they will get more powerful, they still need the money from the west, all these nations are poor compared to west, only nation in all this list that could be considered rich is China and even they are having financial breakdown right now, USA could crash as much as they want and still come out on top and that is what matters.

I believe that we need to end up with a situation that is a bit different and should be considered that BRICS could never be rich and just need money from the west all the time, they need to sell their resources, factories, workers, and everything else just to get money from the west.

[NotATether]

Today, at the start of the closing day of the BRICS meeting, the President of South Africa announced an important decision regarding the BRICS acceptance of the invitation of six countries to become new members of the BRICS group. These countries are Egypt, Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and Argentina. He also announced a consensus regarding the first stage of expanding BRICS, so that the membership of new members begins on January 1, 2024, while stressing that the doors of membership will remain open to other countries in the future, such as Algeria and Indonesia, which are not yet ready to join.
With the accession of these countries, the BRICS bloc now includes 46% of the world's population (almost half), with a gross domestic product of more than the quarter of the global GDP, which will make it a new engine for the global economy.

EU BRICS, I SEA. 

They are going to have to change the name if they want to accommodate all of these nations.

Anyway, a counter-balance to western countries is a good thing in my opinion - they hand out sanctions quickly, but take too long to remove them, and populations of those countries will suffer for that.

That is a trouble even right now, and the fact that they could grow to be bigger is definitely scare for sure. However, I do not think that they will get more powerful, they still need the money from the west, all these nations are poor compared to west, only nation in all this list that could be considered rich is China and even they are having financial breakdown right now, USA could crash as much as they want and still come out on top and that is what matters.

I believe that we need to end up with a situation that is a bit different and should be considered that BRICS could never be rich and just need money from the west all the time, they need to sell their resources, factories, workers, and everything else just to get money from the west.

*USA (fixed that for you).

USA is the only country which can print unlimited amounts of its own money, the rest of the west can't do that because the dollar is the global reserve, backed by the US government.

That makes you end up in a position where we can't even solve our own citizens' problems, but we somehow have the enthusiasm to meddle with other peoples'.

[iv4n]

This is not looking good, if more and more countries are joining BRICS, then in the end it will be US+EU vs BRICS which is world war 3.

We need to have more and more country to be neutral, so when there's an attack from the another country, the other will support it and cool down the war. If there's only two big group, when a country attack another one, the other country will help and trying to attack back.

The book is set in 1984 in Oceania, one of three perpetually warring totalitarian states (the other two are Eurasia and Eastasia).

George Orwell's 1984!

It's interesting when this book was written. I first read it in high school... I read it again when I was 19-20 years old. Now I'm close to 40 and I think I should read it again just to remind myself what really awaits us all in the near future. In the 21st century, people are crazier than ever before, and perhaps the biggest problem is arming, there are more of them than ever and everyone is still arming themselves. I just wonder where they will go with all those weapons...

[Negotiation]

BRICS has grown to eleven countries instead of five but these can often work against their own organization. As the economies of the BRICS member countries differ greatly their governments have different foreign policies. That is why it was very difficult for them to agree the matter took more time to be decided when indian prime minister narendra modi proposed setting two qualifications for membership. Interested countries must not be the target of any international sanctions and must meet a minimum standard of GDP per capita. India sees BRICS not as an organization opposed to the west but as a country that can cooperate to work for global peace and economic development.

[Flexystar]

That is interesting partnership but with future ties. Anything can happen in between until January 2024. I am more or less happy that these countries are coming together as alliances of East! I am not sure how far BRICS will go but it looks like they have started to free up their main engines just now.
This will help them prosper in many ways as various trade route open ups for them leaving behind all the grudges. The trade routes, manufacturing support, labors, and raw material supply chain will be readily available in that circle and thus boosting the economies for them. The world needs that just right now since everything is moving very fast and silk roads are not the next gen stuff due to lack of new thinking. Just having smartphone 1-100 version or AI's replacing the human jobs ain't gonna help it. BRICS and upcoming nations are looking at it very differently and it can definitely help them progress unidirectionally.

These countries are Egypt, Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and Argentina.

So, what are they going to call it now? BI CAUSERIES? BRICS EU I SEA? BECAUSE SIRI? There are so many possibilities with those extra letters

That could be BRICS-ALLINCES or may be BRICSAL.

[WillyAp]

Dozens of countries have applied to join BRICS, but some of the founding members have long-standing hostilities. One example is between India and China. Very recently there was a border clash, in which dozens of soldiers died from both the sides. So an economic union between the BRICS nations looks unviable for now. And then there is the issue about a common currency. At this point, I don't believe that any of the national currencies in BRICS bloc has the capability to replace the USD. CNY looks like the strongest one, but even it is heavily manipulated by the government. 

Yup and often overlooked by people having a inner orgams when anti americanism gains traction. Although in my eyes BRIC is a poor people's club. Their Governments might have enough cloud, their people have not.

[YUriy1991]

Dozens of countries have applied to join BRICS, but some of the founding members have long-standing hostilities. One example is between India and China. Very recently there was a border clash, in which dozens of soldiers died from both the sides. So an economic union between the BRICS nations looks unviable for now. And then there is the issue about a common currency. At this point, I don't believe that any of the national currencies in BRICS bloc has the capability to replace the USD. CNY looks like the strongest one, but even it is heavily manipulated by the government. 

Yup and often overlooked by people having a inner orgams when anti americanism gains traction. Although in my eyes BRIC is a poor people's club. Their Governments might have enough cloud, their people have not.

  Between themselves actually there is a potential for quite large conflicts, such as between China and India but, what has become my focus is not only this but the current high burden of living and debt levels soaring high in the long term duration the consequences for this will indirectly affect the level of social welfare as well in the end.

[slapper]

There's no denying its shaking up the geopolitical playground. But listen, lets not forget, size doesnt always mean power. When it comes to influence, the G-7 nations still pack a wallop.

A common currency? I've got my doubts. The distinction between these countries is gigantic - literally, an ocean apart. Iran and Argentina? They might as well be on different planets. You're telling me they'll agree on a common currency? Not happening, folks.

Putin talks big; but even if he's on to something, its a long road ahead. This isnt the start of a new world order; its just reshuffling the deck.

[WillyAp]

There's no denying its shaking up the geopolitical playground. But listen, lets not forget, size doesnt always mean power. When it comes to influence, the G-7 nations still pack a wallop.

Exactly, BRIC might have 40% of the population but that population has little buying power.
In reality BRICS ist not about de-dollarization but about avoiding being sanctioned.
90+ % of all banks work over the swift system, that means your dollars sent from India to Argentina cross the US.
So if you happen to be an oil Minister and your money is not really clean, chances are high the money causes an investigation. 





 

[coupable]

BRICS has grown to eleven countries instead of five but these can often work against their own organization. As the economies of the BRICS member countries differ greatly their governments have different foreign policies. That is why it was very difficult for them to agree the matter took more time to be decided when indian prime minister narendra modi proposed setting two qualifications for membership. Interested countries must not be the target of any international sanctions and must meet a minimum standard of GDP per capita. India sees BRICS not as an organization opposed to the west but as a country that can cooperate to work for global peace and economic development.

BRICS countries are not in perfect harmony and there are differences between many of them. I do not know how it will be possible to overcome these differences and establish lasting partnerships.
For example, there is an old dispute between India and China because of a pending border dispute. This dispute caused diplomatic problems between the two countries and disrupted many joint projects.
We also have a dispute between Egypt and Ethiopia because of the Grand Ethiopian Renaissance Dam in the course of the Nile River.
Likewise, the eternal conflict between the Kingdom of Saudi Arabia and Iran due to sectarian and geopolitical problems.

[Yogee]

BRICS has grown to eleven countries instead of five but these can often work against their own organization. As the economies of the BRICS member countries differ greatly their governments have different foreign policies. That is why it was very difficult for them to agree the matter took more time to be decided when indian prime minister narendra modi proposed setting two qualifications for membership. Interested countries must not be the target of any international sanctions and must meet a minimum standard of GDP per capita. India sees BRICS not as an organization opposed to the west but as a country that can cooperate to work for global peace and economic development.

BRICS countries are not in perfect harmony and there are differences between many of them. I do not know how it will be possible to overcome these differences and establish lasting partnerships.
For example, there is an old dispute between India and China because of a pending border dispute. This dispute caused diplomatic problems between the two countries and disrupted many joint projects.
We also have a dispute between Egypt and Ethiopia because of the Grand Ethiopian Renaissance Dam in the course of the Nile River.
Likewise, the eternal conflict between the Kingdom of Saudi Arabia and Iran due to sectarian and geopolitical problems.

Don't you all think these issues you were pointing out were not already seen as potential hindrances before they put up BRICS or join it? The leaders will always put their own countries' interest first but they probably have a common goal or interest so it seems to me that they are willing to sort it out.

[Afnan_faizah]

I think the number of the countries that will join BRICS will increase as the world situation is in uncertainty. Nothing last forever, some changes maybe happen and all countries must be prepared. each country always looking for anything that will give benefits for itself.

[Pingrapole]

The purpose of BRICS is not only regional development and trade, their main focus is actually to take a strong stand against the West by bringing together those who speak out against the Western world.To become a collective power so that they can become power can work as The main reason for joining this alliance is to get loans from the established New Development Bank In fact, the foundation of this organization is China. They established it in 2009. Since then, this organization has been increasing their activities one by one and they include all the countries that need them. What needs to be done is to try to get them to participate one by one as in the last conference a total of 11 countries were included and in the future maybe some more important countries will be included.How to separate other countries from America or the West and help them to move independently has many words written for them which are general. The organization has e, but its real objective is to prevent the hegemony of the western world Attempts are being made to include only those states which are going to be the tigers of tomorrow so that they can be consolidated into a powerful force.Almost half of the total manpower of the world has already been included here, only waiting to see their activities in the future The main purpose of this alliance is to counter the hegemony of the USD or US currency as it is seen as an alternative mechanism where different countries use their own currencies.As a result, the use of the dollar will continue to decrease day by day, which is the real objective, but whether the US will allow it to succeed in any way is now a matter of thinking because many of the countries that are now part of the BRICS are not there.It is part of America's prerogative that America or the West cannot make a unilateral decision in favor of China even if they want to.In fact, the New Development Bank of BRICS is expected to be used as an alternative to the World Bank or International Money Transfer, but it remains to be seen whether it will ultimately succeed.The US does not allow many developing countries to grow up many times because of various pressures or military power or various other reasons to keep them down, but BRICS is the new engine of the new world. Everyone sees it because this institution or organization wants to speed up the developing or forward-looking state by valuing the US hegemony and at the same time another.Which is New Silk Road It covers the world under what is known as the Belt Off Road Initiative The countries of one part of the world will join with the other part and conduct their economic activities and the Big Bang or BRIC organization is very important to conduct these economic activities. And China and its member states can fully meet their objectives

America or western countries are controlling the world trade with the intention of forming BRICS that they will not be allowed to do so and everyone should be given equal rights and all countries should progress equally.And the purpose of BRICS should be to build trade and military alliances as well as not to make any country smaller or bigger and equally to move them forward and many There are many states that can be included in BRICS by including those states and through and through Creating a Balanced System If Bangladesh could not be included in BRICS this time, there may be various reasons, but the president of China or their president has assured that if the future Bangladesh is included in BRICS this time.A lot can be expected to work with one of the largest parliaments in the new world, which will accelerate the development of Bangladesh As of 2017, China accounts for 17 percent of BRICS GDP.


Finally, I can say that it is normal that the scope of every organization or every organization will increase day by day, but the increase will be reasonable, for example BRICS has increased because their activities are better day by day. India is moving towards their objective to stop the western world domination and as its objective, 11 countries have become the BRICS summit in the future.
India is moving towards their objective to stop the western world domination and as its objective, 11 countries have become the BRICS summit in the future.States that will successfully carry forward the purpose of BRICS are Egypt, Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and Argentina

[dothebeats]

Well, eleven is definitely a big jump from the previous 5 that became a part of the bloc of Brazil, Russia, India, China, and South Africa (BRICS). Despite those countries not having the same economic muscle or capability (including power, authority, and influence) as the G7, the Global North and the Washington (pertaining to the US government here, in general) countries who are now part of the BRICS can have the drive and confidence of the strategic strength to say that they have BRICS backing them up now. Despite many analysts stating that BRICS is not a Global South front and is only an organization of 11 countries as its member, the real threat is more than the six members according to the news published by Aljazeera in their interview with Na’eem Jeenah a senior researcher at Mapungupwe Institute for Strategic Reflection is the 40 countries that expressed interest in joining. If the interest is brewing now and there are 11 members now, what more in 20-30 years' time?

Source of the news article for anyone who wants a thorough read and more info: https://www.aljazeera.com/news/2023/8/24/analysis-wall-of-brics-the-significance-of-adding-six-new-members

[Smack That Ace]

BRICS has grown to eleven countries instead of five but these can often work against their own organization. As the economies of the BRICS member countries differ greatly their governments have different foreign policies. That is why it was very difficult for them to agree the matter took more time to be decided when indian prime minister narendra modi proposed setting two qualifications for membership. Interested countries must not be the target of any international sanctions and must meet a minimum standard of GDP per capita. India sees BRICS not as an organization opposed to the west but as a country that can cooperate to work for global peace and economic development.

BRICS countries are not in perfect harmony and there are differences between many of them. I do not know how it will be possible to overcome these differences and establish lasting partnerships.
For example, there is an old dispute between India and China because of a pending border dispute. This dispute caused diplomatic problems between the two countries and disrupted many joint projects.
We also have a dispute between Egypt and Ethiopia because of the Grand Ethiopian Renaissance Dam in the course of the Nile River.
Likewise, the eternal conflict between the Kingdom of Saudi Arabia and Iran due to sectarian and geopolitical problems.

Don't you all think these issues you were pointing out were not already seen as potential hindrances before they put up BRICS or join it? The leaders will always put their own countries' interest first but they probably have a common goal or interest so it seems to me that they are willing to sort it out.

Just like the EU alliance before the war between Russia and Ukraine broke out, they also have disagreements and cracks in bilateral cooperation. But it was the war that helped them overcome all animosity to fight Russia together. The same thing can happen with countries in BRICS, once they have a common goal and enemy, it is entirely possible that they will ignore all disputes to join forces. As long as everyone works together to achieve the main goal, other small problems will no longer be a problem worth mentioning.

[Sayeds56]

Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order, especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?

The ongoing expansion of BRICS is a welcome development that represents a step forward towards fostering more balanced and fair financial system, which can potentially lessen the over reliance on US dollar centric financial system. Given the eagerness of many nations to join this influential group. It is optimistic to anticipate that this advancement will open new opportunities for smaller countries to experience rapid economic growth through multilateral trading and generate prosperity for their populations.