BRICS nations first assessed what caused Western hegemony for so many decades, before taking steps to shift the global order.
These shifts were formally announced yesterday at the conclusion of the 15th BRICS summit hosted in South Africa.
International relations lecturer at the University of Johannesburg, Ndzalama Mathebula, notes that Western dominance is most felt in their currencies, and their influence on key trade routes.
But with BRICS taking steps towards de-dollarisation, and China setting up the Belt and Road Initiative, trade dynamics may soon change, shifting economic strength towards developing nations.
Mathebula also says that the inclusion of six more countries to form BRICS Plus is also important.
Featured
News Headlines
The Israeli occupation entity is struggling to deal with Hezbollah’s aerial capabilities. The resistance movement…
The Special Investigating Unit (SIU) has raided all five of South Africa’s refugee centres…
Two 17-year-old boys have been convicted for the murder of an off-duty police officer…
The Patriotic Alliance’s leader Gayton McKenzie’s electioneering visit to Bonteheuwel was met by protests….
Head of Hamas’s Political Bureau, Ismail Haniyeh has slammed the Israeli entity for refusing to make…