The New York Times looks at why more countries keep joining BRICS even when members disagree with each other. The group has grown from five members to more than ten in recent years. New joiners include Egypt, Ethiopia, Iran and the UAE. The report says these countries want a bigger voice and a place outside Western-led clubs. The full text is not available, because the newspaper blocks automated readers. It follows the group's latest summit in Delhi.
BRICS started in 2009 as a club of large emerging economies. It aimed to give the Global South more say in world affairs. Members set up their own development bank and talk about trading in their own currencies instead of the US dollar. But the members differ on many issues. They disagree about China and India's border, about sanctions on Russia and about how close to get to the West. Even so, the queue of applicants keeps growing.
The group can change how poorer countries borrow, trade and pay for goods. Its growth is a sign of a world with more than one centre of power.

The New York Times looks at why more countries keep joining BRICS even when members disagree with each other. The group has grown from five members to more than ten in recent years. New joiners include Egypt, Ethiopia, Iran and the UAE. The report says these countries want a bigger voice and a place outside Western-led clubs. The full text is not available, because the newspaper blocks automated readers. It follows the group's latest summit in Delhi.

BRICS started in 2009 as a club of large emerging economies. It aimed to give the Global South more say in world affairs. Members set up their own development bank and talk about trading in their own currencies instead of the US dollar. But the members differ on many issues. They disagree about China and India's border, about sanctions on Russia and about how close to get to the West. Even so, the queue of applicants keeps growing.

The group can change how poorer countries borrow, trade and pay for goods. Its growth is a sign of a world with more than one centre of power.

πŸ“° Source: News Source
nytimes.com β†—
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