NausheenAIR 9 · CSE 2023 · 65 wordsTheir whole copy
Opening
BRICS include Brazil, Russia, India, China and South Africa. Recently, there has been an expansion from 5 to 11 members. Platform's ability to influence trajectory of bilateral relation remains limited However,
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- 2. Challenging hegemony of western nations
- Facing economic crisis well through New Development Bank
- Helping nations to deal with financial issues through contingency Reserve
Platform's ability to influence trajectory of bilateral relation remains limited
diagram Reasons
- (1) No consensus on major issues like Russia - Ukraine war.
- (2) Border issues of individual countries. e.g.) India - China at LAC.
- (3) No mechanism of dispute settlement under BRICS structure.
However,
- ↳ (1) It has provided a platform to foster dialogue. e.g.) India - China on border issues.
- ↳ (2) Including Iran and Saudi Arabia together is also a positive sign of cooperation.
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