When the world economy adds another engine, the BRICS expansion will have a huge impact on the globa

Mondo Finance Updated on 2024-01-29

The global economy is changing: a new chapter for the BRICS countries.

Over the past 18 years, the BRICS countries have been an important force representing emerging markets. Recently, however, the five-nation bloc announced six new members. This large-scale expansion will not only change the pattern of the BRICS countries, but will also have a profound impact on the global economic development.

Why did the new members join, and which countries did they get it?What does this change mean for China?We'll dig deeper into these issues.

The BRICS countries have always represented the interests of developing countries, but in recent years, they have faced pressure from Western countries. This has led to varying degrees of economic difficulties in the five countries. Therefore, the expansion of staff has become an inevitable choice.

However, this expansion may be hiding a deeper consideration. BRICS countries have always been regarded as an important forum for developing countries, enhancing their status and influence in multi-field cooperation. The addition of new members could change the landscape and provide more opportunities for the five elder states to play a greater role in global affairs.

So, why did you choose these six countries?

First of all, Egypt has the important Suez Canal, which has significant influence on both China and South Africa. Ethiopia has a long-standing relationship with China, while Saudi Arabia and the UAE are supported by China and India for their energy resources. Iran, on the other hand, has the support of China and Russia, and its membership in the BRICS has also cleared the way for it. Argentina, on the other hand, has been recommended by Brazil, and the two South American countries will cooperate more deeply to counter external interference.

What does this expansion mean for China?China maintains good relations with these countries, and China's international organization capabilities and influence will help coordinate the development of the BRICS countries, which in turn will feed back to China itself, injecting new possibilities into the Belt and Road Initiative and the plan for a community with a shared future for mankind.

However, this expansion has not been without its challenges. Within the organization, there are many contradictions in various countries, especially between China and India. India is jealous of China's status, and its six bids for permanent membership in the UN Security Council have been vetoed by five countries, which has made India depressed.

In order to gain India's support, China compromised to vote in favor of India's next proposal for a permanent seat in the United Nations. This was beneficial to both parties, so an agreement was quickly reached.

Overall, the expansion of the BRICS countries has perfectly achieved China's expected goals. This upheaval has brought different countries together and made an important contribution to global economic recovery and development.

The expansion of the BRICS countries has had a profound impact on the global economic landscape, and this process has not only attracted attention, but also triggered a wide range of discussions and reflections.

First of all, this expansion represents the BRICS group's pandering and support for emerging markets and developing countries. At a time of turmoil in the global economic landscape, this decision demonstrates the importance of solidarity and cooperation. By admitting new members, the BRICS countries have not only broadened the scope of their membership, but also injected new impetus into the development of their respective countries. This is of great significance for global economic recovery and development.

Second, the expansion also highlights the complexity of the intertwining of interests among countries. Each country's accession has its own special strategic significance and implications, involving not only resource complementarity and cooperation at the economic level, but also geopolitical and international influence wrestling. This win-win situation provides more choices and opportunities for the development of all countries.

However, there are also challenges and problems behind the expansion. The most prominent of these are the contradictions and competition among member states. Especially between China and India, the geopolitical and regional influence contest is clear. This is not only a competition in international affairs, but also a struggle for power and discourse power in internal organizations. How to deal with these contradictions and achieve win-win and common prosperity is an important challenge for BRICS countries in the future.

To sum up, the expansion of BRICS is an important symbol of the change in the global economic landscape, which brings new opportunities and challenges. All countries need to promote the sustained and stable development of the BRICS mechanism and promote the prosperity and stability of the global economy through cooperation and compromise.

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