How BRICS champions developing nations in global affairs Not an anti-West bloc

An opinion piece by the South China Morning Post analyzes the significance of the 16th BRICS summit, emphasizing that BRICS is not an anti-Western bloc but rather a vital platform for developing nations to engage in global governance.

As the world marks 80 years since the Bretton Woods agreement, the summit highlighted the bloc's role in enhancing collaboration among emerging economies, which collectively account for about 30% of the global economy and nearly half of the world's population. The article argues that BRICS aims to enrich existing global institutions through healthy competition, not to challenge them.

The piece identifies three key characteristics that define BRICS. First, its inclusivity allows countries at various stages of development to participate, facilitating cooperation without ideological barriers. This approach is exemplified by the recent inclusion of new members like Egypt, Ethiopia, Iran, and the UAE, signalling BRICS's commitment to mutual aid and cooperation, rather than exclusivity.

Second, BRICS is portrayed as an innovator in global economic governance. Initiatives like BRICS Pay and the New Development Bank are highlighted as tools that help member countries mitigate economic vulnerabilities and support development projects across sectors such as infrastructure and clean energy. The article asserts that these initiatives not only enhance financial independence but also complement traditional international financial institutions.

Third, the piece emphasizes the principle of strategic autonomy within BRICS. Member states retain their independence in selecting development paths suited to their unique circumstances, which fosters a more balanced approach to cooperation. The discussion of BRICS's involvement in peace-building efforts, notably through the "Friends of Peace" initiative, illustrates how the bloc is increasingly positioning itself as a mediator in international conflicts, further solidifying its role in global stability.

Moreover, the article touches on the apprehension some Western nations feel towards BRICS as it emerges as a voice for the Global South. However, it posits that BRICS is not seeking to diminish Western influence but aims to create a more equitable global order. This perspective is reinforced by the engagement of leaders from developed nations, such as French President Emmanuel Macron and UN Secretary-General Antonio Guterres, indicating BRICS's broader appeal and its potential for fostering true multilateralism.

In conclusion, the South China Morning Post piece portrays BRICS as an essential force for promoting economic cooperation and development in a multipolar world. Its commitment to addressing pressing global challenges, from poverty alleviation to climate change, highlights its potential to contribute to a more balanced and sustainable world order. By embracing diversity and fostering dialogue among nations, BRICS enriches global governance, making it a significant player in shaping future international relations.