Topic: BRICS has become eleven countries instead of five. - page 6. (Read 1420 times)

The Egypt-Ethiopia issue is very tricky. Why should Ethiopia give all of its water to Egypt? Ethiopia is a poor country with a growing population, and therefore they also have an equal claim to the waters of Nile. The Nile water treaty was signed between colonial powers, without taking into consideration anyone from Ethiopia or South Sudan. Most of the water originates from the two African nations (Ethiopia/South Sudan) and more than 95% of it is consumed by the two Arab nations (Egypt and Sudan). Either the Arab nations need to pay fee to use the water, or they need to stop using it.

In fact, it is an intertwined and complex political and economic issue. The BRICS alliance is essentially political, but it overlaps with the economic mainly because politics is in no way separated from the economy.

The existence of the BRICS alliance and the joining of more countries will allow the return of a multipolar world instead of the American unipolarity that imposes itself as a policeman on the world. This will give additional options, especially for poor countries, to get out of American hegemony, which has become hated by the majority of countries.

This alliance will also allow many countries to get rid of US sanctions and embargoes that are carried out either through the dollar or through US control over the global economy and the global banking system. If the BRICS countries are able to issue an alternative currency to the dollar, this will be the first nail in the coffin of the dollar and American hegemony.

Probably did not create a new world order because American and Western hegemony was very strong even in the Woar World 3 is happening. I assume they are just building economic strength just for the defense of their currency only. I heard they want to bring Indonesia to join their community, but as far i know, The president still not commented anything about this, because when happen America and Allies will be hate Indonesia in world politics.

We also find Egypt and Ethiopia who are going through a severe crisis due to Ethiopia’s insistence on filling the reservoir of the Renaissance Dam in a way that reduces Egypt’s share of the Nile River water. Expectations that the issue will be resolved with the help of BRICS.
Both Algeria and Morocco applied for membership to join BRICS, but both were not approved, although Algeria was one of the most likely countries to join, considering that it is a major economic power in the region and is considered a strategic ally of Russia, as well as Morocco, which represents the most prominent economic pole in North Africa. Most analyzes say that they were not accepted because of the dispute between them over the issue of Western Sahara (the Polisario Front).

Having a country join them has a significant impact on further solidifying their goals, thus the BRICS are simply demonstrating that the management they have in place is sound by having this happen. What the BRICS expansion will mean in the long run cannot yet be predicted. But it is undeniable that this is a big breakthrough that will significantly alter the world's political climate.

The BRICS growth is a complicated phenomenon that will have wide-ranging effects. How the bloc will be able to manage its expanded size and diversity, as well as how it will be able to accomplish its objectives in the face of geopolitical problems, remain to be seen.

It is in no way an alliance. It is more like a mutual interest that has gotten Iran and Saudi Arabia (UAE is similar) closer same with the rest, otherwise this particular conflict dates back to one or two thousand years ago.

Basically after WWII countries came together to give power to the regime in Washington. Now that the regime has proven to be abusive of that power, once again the world is coming together to take that power away. That's the mutual interest.

It is both, meaning all these countries did in fact request to join and also the original members want them to join.

Take Saudi Arabia for example. Obviously BRICS wants an oil rich country that is literary THE definition of petrodollar to join a dedollarisation movement and on the other hand the Saudi regime wants to join BRICS to gain more independence and be able to start investing in Arabia's infrastructure and industry (instead of handing over all their money to US weapons factories to purchase garbage), something United States never allowed to happen (eg. building its first nuclear power plant).

This is why Saudi has been lobbying behind the scenes with both Russia and China to get the invitation.

There is no denying that the USD is still very strong and will continue to dominate most global trade transactions and replacing it is not easy. What the Indian Oil and Gas Ministry said is not wrong. But that doesn't mean they won't find a way to replace it in the future. No matter how they explain it, the purpose is to avoid causing conflicts in the cooperative relationship between the two countries. But it is a fact that India itself has not used USD in recent oil purchases. That means USD is hard to replace but they are also looking to reduce their reliance on it.

Although BRICS has not yet made much impression on the international community, but they do not stop and continue to develop, they are trying to shape the bloc to become clearer. So let's see what happens next.

Agree because we see even inside NATO, Turkey did not choose side between the USA., NATO, Russia and Ukraine. They have trades with all those nations and they are still in NATO.

UAE have trades with many big nations that try to make their influence on UAE but it is not easy because UAE knows that they can work with all and should not make any harmful decision for their future relationships and trade chances with any big nation. Like after the Russia-Ukraine war, the USA, China and Russia all had some conversations in the UAE.

A first criterion is not be a member of NATO because BRICS is created and expanded to build up a multipolar world and to compete with NATO. Other criteria, to be honest, I don't know but likely they are prioritizing nations with big economy sizes.

To say that you need to have lived there.
Marketdata hardly show realities in my humble opinion.
You can have lifted out of poverty 95% of the people but that does not mean they can afford transportation, healthy food, kids, college, and and and.

Establishing new economic partnerships is never a bad idea. Joining BRICS does not mean severing relations with the United States and Europe, or even challenging them. The United Arab Emirates found itself for the first time in an alliance with its neighbor Iran, despite the dispute between them, as well as the Kingdom of Saudi Arabia.
In fact, we do not know what criteria were agreed upon to choose to invite any of the countries, except that the process was in the form of suggestions from the first members, and not based on requests to join.
I also believe that BRICS has become a media phenomenon that is given more than its value in assessing its capabilities in reality.

India, probably the only country in the BRICS with a really good economy, a position on the world stage, and a well-thought-out policy, and a pragmatic and logical approach, openly declares:
"The key BRICS member acknowledges that the dollar will remain dominant despite oil deals in rupees and yuan.
The US dollar's dominance is not under any real threat from emerging market currencies, India's oil and gas minister told CNBC, despite recent efforts to dedollarize global trade.
The dollar is the dominant form of payment for goods such as oil. But in June, Indian refineries used Chinese yuan to buy Russian oil. And earlier this month, an Indian refinery used Rs to buy oil from the UAE.
When asked about the role of the dollar in the oil market, Hardeep Singh Puri replied that replacing it "is not so easy." When asked if the dollar's prominence would continue, he replied, "Yes, I think it will."
His comments came after the BRICS emerging-country bloc held its 15th annual summit last week to discuss de-dollarization ideas."

https://markets.businessinsider.com/news/currencies/brics-india-dollar-dominance-dedollarization-rupee-yuan-deals-alternative-currencies-2023-8

LOL majority of resources are now in the hands of BRICS countries. In energy alone, now 80% belongs to BRICS countries, if you think that's "poor people's club" then review the 70's and how the crazy Arabs sanctioned the West and burnt Europe's economy to the ground.

That's the same exact thing! How do you think US sanctions other countries, with sticks and stones?

In the Old World Order where countries used to use US dollar for all their trades, when US wanted to sanction a country they simply stole all their dollars by blocking them in the SWIFT system and in their banks. In the New World Order where dollar is used less and less every day, US has decreasing capability to sanction others and is only isolating itself.

This main currency there have been reports that Russia is trying to come up with their own gold backed currency. I wonder if they will go back to backing on gold if it will be helpful and successful. USD was basically pegged to the dollar before and now the Saudis have followed suit with BRICs due to start in 1 day so I wonder if they would play a crucial role in pegging the main currency to oil or gold or a combination of both?

It's a resume of a guy who applies as a senior software developer but finished bootcamp two days ago.
The list is phenomenal, economic powerhouses with the highest quality of life. C'mon, what's the point? By the way, I'm really shocked why do United Arab Emirates and Saudi Arabia want to join their alliance? They are getting all the money from the USA, all those apartments and luxuries were architected, designed, built, made by Europeans and Americans, do they think it's better future for them to join BRICS?

That's why people from BRISC countries are asking for Asylum in EU.

Why doesn't it look good? Or bad? If they are uniting for world war 3 to kill themselves and everyone else, then what's the point? Are they uniting to become kamikazes together? US + EU will always be the strongest with the best economy and best standard of living. If BRICS manages to achieve that, then it will be amazing, we should aim to have a peaceful and beautiful life, we shouldn't destroy each other for achieving something good but I'm afraid in BRICS countries majority of people will suffer while only some may see increased profit.

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.

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.

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

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

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.

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.