The emerging BRICS mechanism, like a shining pearl, is attracting more and more countries to join. This is not accidental, but stems from the rise of the BRICS countries in the international community and the multifaceted appeal it presents. In this article,We'll dive into the reasons for the popularity of the BRICS mechanism and explain why it's so much in the spotlight from multiple perspectives.
The need for a pluralistic monetary system has become one of the key factors driving countries to join the BRICS. The dollar's long-standing hegemony has created enormous uncertainty for countries. Nowhere is this more evident than in Russia. After the outbreak of the Russia-Ukraine war, the United States froze Russian funds to make people realize that even the globally accepted currency could become financial at a critical moment. In order to avoid the risks of the dollar, more and more countries are seeking to join the BRICS countries and avoid being subject to the hegemony of the dollar through local currency transactions.
Specifically, Russia and China have already implemented local currency transactions in rubles and yuan, which provides a viable sample for other countries. Against this backdrop, the BRICS mechanism has become an ideal option to be able to break free from the control of the dollar. The Bank of the United Arab Emirates has taken an important step forward in cross-border payments in the field of digital currencyRemittance of AED 50 million to ChinaIt shows the attractiveness and practicality of the BRICS mechanism.
The popularity of the BRICS mechanism is also due to the profit opportunities it contains. In recent years, the "decoupling" campaign carried out by the United States on a global scale has had a negative impact on the global industrial chain and the first chain, making the globalization process come to a standstill. The trend of globalization originally initiated by Western countries,The perverse actions of the United States face enormous challenges. The rise of the BRICS provides an opportunity for emerging economies to break free from the US obstruction of globalization.
We have seen that the BRICS countries are developing rapidlyThere was a strong interest in its accession. This will not only help to break the resistance of the United States to "perverse behavior", but also hope to jointly promote the establishment of a more equal and fairer multipolar world order. In the long run, the growing BRICS mechanism will be a key force for global change.
Under the guidance of the BRICS mechanism, we will usher in a more diverse and equal world. This is not only a response to the past suffering from the hegemony of the dollarIt is also a redefinition of the concept of globalization. By joining the BRICS, emerging economies will have the opportunity to participate in and shape the global future and achieve shared prosperity.
Let's think together: in this era of changeWhat is your view on the development of the BRICS mechanism? Do you agree on its positive impact on globalization? Feel free to leave your viewsJoin us on this dynamic topic. Leave a message, comment, like, let's build an open and in-depth discussion space together.
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International