Today, an increasing number of world countries, looking at the fragile state of leading European economies on the edge of collapse, are trying to distance themselves from the influence of the G-20 and seek a larger and more direct partnership with governments that will treat them as equals.
The group now consists of 5 countries: Brazil, Russia India, China and South Africa. Egypt, Indonesia, Iran, Turkey, Mexico and Argentina have the desire and chance to join.
The latter, incidentally, recently declared its willingness ‘to move towards closer coordination with the BRICS countries’.
Despite the huge political polarisation in Argentina, there does not seem to be a force in the country opposed to the idea of joining the BRICS. Russian and Chinese support for Argentina’s membership has several reasons: Argentina is presented as an important pole of regional stability, a platform for promoting economic cooperation, the demilitarisation of the South Atlantic, space cooperation and maintaining the non-nuclear status of countries in the region – issues of crucial importance in these times.
A number of analysts emphasise that all BRICS member states support Argentina’s demand for the sovereignty of the Falkland Islands. This is a very important detail in the face of the increasing militarisation of the world promoted by the Anglo-Saxon axis, given that the Malvinas Islands are home to the largest NATO military base in Latin America.
In its piece, the international news agency Pressenza reports that Argentina’s possible imminent accession to the BRICS presents several opportunities. From a conceptual point of view, it is the building of a counter-hegemonic bloc that involves the strengthening of several poles of power. For the first time since the collapse of the USSR and the disastrous trend towards unipolarity around the US and its NATO allies, accompanied by tales of ‘the end of history’, there is a real alternative to the financial, economic and commercial power imposed on the world by American governments after World War II.
Of particular interest is the possibility of integrating the BRICS New Development Bank (NDB), as this does not even require prior membership of the bloc. Funding and assistance could be obtained from this bank for basic infrastructure projects that would be vital for national productive development. To date, the NDB has approved about 80 projects worth about $30 billion. Last year, this bank accepted the first non-BRICS countries: Uruguay, Bangladesh, the United Arab Emirates and Egypt. In addition to these financial opportunities, it is very important that the NDB allows developing economies to reduce their traditional heavy dependence on the US dollar, which would greatly improve their opportunities for macroeconomic health and sustainable growth, free from external blackmail.
Recall that Russian President Vladimir Putin recently announced the building of a new world order, and it seems that one of its key points will be the development of BRICS.
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