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BRICS challenges the global financial system! With new members such as Saudi Arabia and Iran, the bloc expands its influence, promoting alternatives to the dollar and a multipolar economic system. Brazil gains prominence, balancing relations between BRICS and the West.
In recent decades, BRICS, initially composed of Brazil, Russia, India, China and South Africa, has become a central force in global geopolitics and economics.
But what seemed to be just an emerging group is now consolidating itself as a potential alternative to the Western financial model, symbolized by the hegemony of the US dollar.
With the recent inclusion of new members such as Saudi Arabia, Iran and the United Arab Emirates, BRICS assumes an unprecedented role.
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This movement provokes debates about the transformation of the global economic system, challenging consolidated structures such as the IMF and the World Bank.
Behind this expansion lies a central question: will BRICS be able to lead a global de-dollarization movement and reshape the foundations of international trade?
The role of BRICS in the global economic scenario
BRICS officially emerged in 2009, during a summit in Yekaterinburg, Russia, with the aim of promoting sustainable economic growth among its members.
Initially limited to four nations — Brazil, Russia, India and China —, the group expanded in 2010, with the entry of South Africa, consolidating the name BRICS.
In the following years, the bloc gained relevance, especially when addressing issues related to economic alternatives to the Western model and the creation of a multipolar financial system.
Today, member countries represent about 31,5% of global GDP and more than 40% of the world's population.
According to CNN Brazil, in 2023, BRICS presented an economic growth rate above the global average, driven by the expansion of internal markets and the increase in exports
Despite uneven economic growth among its members, BRICS has become a cohesive force in discussions on global inequality, sustainability and financial autonomy.
De-dollarization: a step towards autonomy
One of the most debated points at BRICS meetings in recent years has been the so-called “de-dollarization”.
This movement aims to reduce dependence on the US dollar in international transactions and create alternatives that protect member countries from external economic and political instability.
Currently, the dollar dominates about 88% of global transactions, according to data from the Bank for International Settlements (BIS).
This monopoly gives the United States disproportionate influence over global trade and the financial system, enabling severe economic sanctions such as those imposed on Russia after its invasion of Ukraine.
Alternatively, BRICS has promoted the use of local currencies in bilateral transactions. For example, Brazil and China already use the yuan in part of their trade agreements, especially in the agricultural and commodity export sector.
Furthermore, the New Development Bank (NDB), known as the BRICS Bank, finances infrastructure projects without relying exclusively on the dollar.
Dilma Rousseff, president of the NDB, highlighted during the bloc's last summit: “The use of the dollar as a weapon against emerging countries is unacceptable. We need a new global financial governance.”
Brazil and BRICS: a delicate balance
For Brazil, BRICS represents a unique opportunity to diversify its economic partnerships and strengthen its global presence.
In 2023, the country exported more than US$70 billion to China, consolidating it as its main trading partner. This relationship, according to CNN Brasil, has been crucial for the growth of Brazilian agribusiness.
However, rapprochement with BRICS is not without its challenges. Brazil needs to balance its relations with the West, especially with the United States and the European Union, to avoid diplomatic conflicts.
Dependence on the North American market remains significant, especially in sectors such as manufacturing and technology.
Robson Gonçalves, economist at FGV, explains: “Being in BRICS does not mean antagonizing the West, but rather expanding our options.
Brazil must seek a diplomatic leadership role, remaining neutral in geopolitical conflicts.”
The inclusion of new members: more strength or more disagreements?
The expansion of BRICS in 2024 has brought new challenges and opportunities. With the entry of countries such as Saudi Arabia and Iran, the bloc adds robust and strategic economies, especially in the energy sector.
However, the diversity of interests among members can make it difficult to coordinate joint policies.
While China and India have gigantic economies and conflicting regional interests, smaller countries like South Africa and Brazil seek a balance between their domestic agendas and international cooperation.
Roberto Dumas, professor of economics at Insper, comments: “The success of BRICS will depend on its ability to align diverse interests around common goals. The governance of the bloc will be essential.”
Geopolitics and the role of BRICS in the multipolar world
In addition to economic issues, the BRICS
also influences the geopolitika global. In an increasingly polarized world, with growing tensions between the United States and China, the bloc positions itself as a strategic counterweight to Western powers.
Russia, for example, sees BRICS as an opportunity to escape sanctions imposed by the West and strengthen its relations with emerging countries.
China uses the bloc to expand its “Belt and Road” initiative, promoting infrastructure and trade around the world.
Brazil: leader or supporting actor?
For Brazil, BRICS is a platform to reinforce its foreign policy of multilateralism and pacifism. The country's presence in the bloc allows it to negotiate more advantageous bilateral agreements and influence global decisions, especially in forums such as the G20 and the UN.
The future of BRICS: challenges and opportunities
The success of BRICS will depend on its ability to overcome internal and external challenges. The main obstacles include:
- Economic inequality between members.
- Lack of a common currency, making financial integration difficult.
- Geopolitical pressures, especially between China, India and the West.
Despite this, the bloc has significant opportunities, such as the creation of an alternative system to Swift, used for international financial transactions, and the expansion of investments in infrastructure and technology.
BRICS is just beginning its journey towards a new global governance. But can the bloc establish itself as a real alternative to the Western-led model?
Interact in the comments: Can BRICS really transform the global economic system or is it doomed to internal limitations?
BRICS has Oil, Food, Technology and Military Power, it doesn't need anyone...
BRICS has the potential to influence the global financial system, but faces challenges such as economic inequality among its members and the lack of a common currency. Expanding the bloc could increase diversity of views and strengthen cooperation among emerging countries. However, it is necessary to balance divergent interests and promote effective governance.
Pedro Rocha, the US is the one that finances dictatorships. But it must be okay for you to be a bootlicker for imperialism.
As far as I know, the people who finance dictatorships like Venezuela, Brazil, Cuba, North Korea, Iran, and always have had an emperor are the Chinese... you need to study more, my friend, you're talking nonsense.
I think those who should study are those who think we are in a mess in Brazil!
They show that they really don't know what a **** is.
He has no idea what it's like for a worker to go to work and "disappear" into the torture cellars, and for his family to never find his body again!
All this for simply not agreeing and making a comment against the current government!
Example:
If we were in a ****, your comment would be enough to get you arrested!!!
I suggest you study a little history. To start, look for information only about Brazilian history, starting with the proclamation of the Republic; you don't need to go back in time. When you understand, for example, how Brazilian military personnel are indoctrinated, then you can delve deeper. Oh, just don't look for information in WhatsApp groups; there are academic books.
?!?!?
There is a lot of misery to give to the people of these countries that court criminal dictators.
India is the largest democracy in the world.
Brazil comes in third place.
Democracy? Here? Don't talk nonsense, comrade.
It's time to drop the **** leather mug, open your eyes Jean. 🤣🤣🤣🤣🤣
Brazil democracy??? Criticize the head of **** and you will see what happens, what world do you live in???
Criticism is allowed here, in fact, this is the place where you find the most criticism, what you can't do is plan murders of people or literally threaten
Go bark in your American owner's yard
The analogy with the “mongrel ****” complex is pertinent. Just like a **** who rejects his own nest and family, these people reject their own identity and culture. This can lead to:
1. Loss of cultural values.
2. Social disintegration.
3. Self-depreciation.
It is essential to promote:
1. Critical education and awareness.
2. Respectful and empathetic dialogue.
3. Strengthening cultural identity.
To overcome this tendency, it is essential to recognize and value our roots, promoting a healthy and constructive pride.
Will bark in the yard of his Russian, Chinese, North Korean and Venezuelan owner.
“Your level of self-confidence is inversely proportional to your knowledge.”
“You must be an expert in everything, considering your vast experience in… nothing.”
“I don’t want to take up your time, but can I read your thoughts on a blog?”
“I will write down your words of wisdom for future generations.”
I don't understand why these worshippers of the United States don't move there! They are the Calabars of the Fatherland, spitting in their own plate.
Do you want to be a subordinate colony forever or do you want sovereignty and dignity? Sad.
Criminal dictators worse than Netanyahu?
Impossible!
There are… also… robberies… corruption… dictators… president ****… it will work out… trust me… lol
President L*A*D*R*A*O
Have you had your gardenal today?
Calm down, here the opinion is free for now... but Lula da Silva is not completely wrong, most of the members are dictators, only our president is not... For now, right?
Imagine if the ineligible person manages to complete the coup. Yet another bloodthirsty dictator in the world.
He only didn't carry out the coup because he realized he would get a good kick in the ass from the soldiers in pajamas. You think they were going to carry out the coup and leave a **** in the presidency, when the penny dropped, he ran away and left the idiots to hold the bag, now he's acting all hurt and putting all the responsibility on Heleno and Braga Neto, what country deserves a coward in power, there's only one ode to the starving people supporting the right and the military, he tried to buy the generals with penile prostheses, LOL the guy is a genius.
**** is the Jewel Catcher and **** who wanted to take power with vandalism using **** like you
I'm counting the minutes until I see the Jewel L4drão 💎💎💎 the one with “10 fingers” in ****. Is that ok?
How long are you going to keep on whining?
I want you to serve your crimes in ****!
And I want both of them to quickly serve the rest of their days in prison... The one with 9 fingers is almost going to the devil's lap, there's not much left... He's already limping and falling in the bathroom... the dog is determined to take him away soon
Go and drool over Lulinha's limp little sack, my son.
This reckless guy was in trouble in January and is just another terrorist trying to stay in power by force, but not here, but not here. Did he learn from Maduro how to win elections? This is not Venezuela, not a mongrel.
You must be a fucking **** if you kick **** in the balls and break all his teeth, **** wait, wait
And where isn't there?
Nothing can be built with dictators alone, only power over the people. What is happening here at this moment, open your eyes and think better.
The one who wanted to impose a **** was **** Bolsonaro and not the PT.
You only talk nonsense
Go for it
Your comment is spectacular. 👏🏼👏🏼👏🏼
If BRICS cannot pacify the existing armed conflicts around it, it will not achieve consistent unity. It should take advantage of the rejection of the new elected leader in the USA and strengthen its spirit of unity and rapprochement.
Rejection of the president of Brazil, that's what it is. They all depend on the US because they don't have technology. They are countries with cruel dictatorships...whoever defends these people is worse than them.
You need to know more about the BRICS to give an opinion that makes sense. Everything you wrote is saying that BRICS is not the world leader! Study, okay?
My son, have you taken your medicine today?
Don't say ****, Zé **** **** politician of crlo! The US imposes embargoes on countries, not because they are dictatorships, but because they threaten their hegemony or because they are not economically dependent on them. US hegemony works like **** against emerging countries. ****-if Elon Musk, ****-if Trump, ****-if the US and ****-if its technology. Stop being a mongrel and stop consuming American products and sucking up to this country that you have with trillions at the expense of world hunger. While you **** the US like a mongrel, they consider Brazil as their backyard.
No technology? How does ignorance reach voice so easily. He seems proud of it.
Rejection of Trump?
What do you mean? The guy shaved his beard, hair and mustache in the American elections and you talk about rejection?
The only rejection he suffers is from dictatorships.
And there is no spirit of unity in the BRICs, only a spirit of interest!
I already saw that it is ****
And I've already seen that you like to drool over the shriveled little bag of an old 9-fingered thief
In 4 years, if you have the slightest intelligence, you will be ashamed to say such nonsense!
The gap between Brazil and the US will only increase. And there is nothing wrong with that. They are far from being Brazil's largest trading partner.
Brazil's main trading partners are China and the United States. China is Brazil's largest trading partner, while the United States is its largest economic partner.
isso
You just forgot to say that China buys commodities and raw materials from Brazil, and sells products with high added value, while Americans import products with higher added value from us... in other words, losing the American market is not a small thing for us.
How you talk nonsense, my daddy's boy, study a little so you don't end up embarrassing yourself on leftist blogs, baby.
Is there a spirit of unity in any economic bloc or country? LOL
But get out of Brazil and go there if it's that good, I guarantee you won't stay there 24 hours, leave there with a good kick in your ass ****
Those who reject the new elected official in the USA are only those who flirt with dictators and aim to implement a dictatorial regime in the country they govern.
Bolsominio idiots only talk ****, for donkeys all they need is the yoke they look for in these bolsomerdas ****
You really need mental health treatment. Ignorance, television and the lack of everything in the life of the bostilo person makes him say these bar corner demagogues... total insanity indeed.
Brazil has no power for anything, even Putin has already said that he has nothing to do with BRICS and blamed Luladrao and the 40 ****.
He got out, got his own out of the way so as not to get into trouble with Trump and the mighty dollar.
Go eat your flour, it's better
Look at the level of this comment.
By the type of this verbiage... you can already tell how much ignorance this brainless person has.
Dude, you have a cognitive problem. Get treatment. We have a psychiatrist at CAPS. Putin doesn't flirt with Trump. Wake up!
The one who needs to stop being incredibly stupid is you, supporter of f@sc!st@s…
Totally Bolsonian ****
The rejection is precisely from the BRICS participants, most of whom around the world see the newly elected president as an active and firm person, despite being egocentric, very different from the current one, who was even replaced so that the party would not take an even bigger beating in the elections.