BRICS 2024: Expanding Influence, New Members, and Global Impact
In June 2024, BRICS expanded to include new members: Saudi Arabia, the UAE, Iran, Malaysia, Egypt, and Ethiopia. This expansion marks a significant shift in the group’s dynamics, broadening its economic and geopolitical reach. BRICS aims to promote peace, security, and equitable global development while challenging the dominance of Western-led institutions. The group has potential to reshape global politics, enhance economic integration among members, and drive technological and sustainable advancements. However, it faces challenges such as internal disparities and geopolitical tensions, which could impact its effectiveness and cohesion.