The Challenges and Potential of the BRICS Alliance
The BRICS Summit banner in Johannesburg, SA (📸Aljazeera) In addition to what happened in Russia yesterday, the ongoing BRICS summit in Johannesburg, South Africa, is another interesting topic that attracted divergent opinions from experts and international relations enthusiasts on the challenges and potential of emerging economies such as China, Russia, India, Brazil, and South Africa. The summit has divided opinions between those who believe that there is an emerging new world order on the rise, and others who believe it's too early to make such a bold assertion. The more than a decade-old bloc has recently attracted the attention of other emerging economies in Africa, Asia, the Middle East, and Latin America. On the face of it, the bloc can tremendously play a big part in high-ranking decision-making bodies such as the International Monetary Fund (IMF), World Bank, World Trade Organization (WTO), United Nations (UN), etc. However, when the coalition continues to be...