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BRICS plays significant role in countering Western dominance
Formed in 2006, the BRICS alliance comprising Brazil, Russia, India, China, and South Africa has evolved into a robust entity challenging the hegemony of the Western-centric global order. Initially conceived as a platform for economic collaboration, BRICS has transcended its original mandate, emerging as a pivotal player in reshaping geopolitical dynamics and redefining international relations. Beyond its economic prowess, BRICS symbolizes a potent force driving a paradigm shift in global power structures. Its collective voice resonates across diverse domains, signaling a departure from traditional power hierarchies and ushering in a new era of multipolarity on the world stage.
At its essence, BRICS embodies a strategic coalition aimed squarely at challenging Western hegemony, particularly within the economic and financial realms. With a projected combined GDP set to encompass one-third of the global output by 2028, these member nations wield substantial economic influence. The establishment of institutions like the New Development Bank in 2014 underscores their unwavering commitment to fostering sustainable development and rectifying infrastructural deficits prevalent in emerging economies. Furthermore, the recent inclusion of five new members-namely Iran, Egypt, Ethiopia, Saudi Arabia, and the United Arab Emirates-heralds a broader coalition,........
© Blitz
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