Trends
Research and Advisory has released a new study on the aspirations and
challenges facing the BRICS group as it seeks to promote multilateralism in the
international system.
The
study has been conducted by Trends intern Aisha Al-Kaabi and entitled "BRICS:
Potential and Challenges in the Multipolar International System." It showed
that BRICS has an immense potential to bring about change in the international
system. However, it faces a number of challenges, most notably diversity within
the group, the rise of China, and global economic challenges.
The
study stressed the importance of BRICS in building stronger institutional
mechanisms, strengthening economic cooperation, and focusing on common goals,
if it is to play a greater role in shaping a more equitable and inclusive world
order.
BRICS
includes a group of countries with large economies and growing political
influence, making it an effective international power in the international
system. However, the group also faces a number of challenges, most notably
diversity within the group. The study indicated that BRICS member states differ
in governance systems, economies and social models.
One
of the challenges is the China's rise. China is the largest country within the
BRICS group and has significant economic and political influence. China's
interest in maintaining the status quo in the world order may limit the group's
ability to bring about major changes.
Global
economic challenges, such as high inflation and the food crisis, represent
other challenges. These challenges could undermine the group's ability to focus
on its political goals.
The BRICS success in
overcoming the challenges will depend on its ability to build stronger
institutional mechanisms, enhance economic cooperation, and focus on common
goals, the study concluded. The BRICS group can play an important role in
shaping a more equitable and inclusive world order by promoting multilateralism
and cooperation among developing countries.
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