In a world where alliances are fracturing and protectionist barriers are rising, BRICS is stepping in as a new pillar for emerging economies. As the United States pulls back from key multilateral institutions and ramps up trade tariffs, countries from Asia to Latin America are seeking fresh pathways to stability and growth.
Washington’s Withdrawal Creates a Governance Gap
The U.S. has recently exited UNESCO, the World Health Organization, the Paris Agreement and the UN Human Rights Council, signaling a retreat from collective action on climate, health and human rights. Meanwhile, a $5 billion cut in foreign aid—including support for peacekeeping missions—has further deepened the leadership vacuum in global governance.
Tariffs Turn Up the Heat
Unpredictable trade measures have heightened economic volatility across emerging markets. India now faces cumulative duties up to 50 percent on key exports to the U.S., Brazil is hit with similar levies, and South Africa contends with tariffs soaring to 30 percent. These policies are testing the resilience of developing economies and threatening their growth trajectories.
BRICS Expands the Horizon
Into this uncertainty steps an enlarged BRICS network. Originally composed of Brazil, Russia, India, China and South Africa, the group has welcomed Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. Together, the expanded BRICS accounts for over 40 percent of global GDP and half of the world’s population, creating a transcontinental bridge across Asia, Africa and Latin America.
A New Model of Cooperation
By promoting inclusivity, mutual benefit and true representation, BRICS members are forging alternative mechanisms for trade, investment and development finance. From digital infrastructure projects to climate resilience funds, this coalition is crafting solutions that reflect the priorities of the Global South.
As the U.S.-led order shows signs of strain, the revitalized BRICS offers a compelling blueprint for durable cooperation. For young entrepreneurs, policymakers and travelers alike, these shifts signal the rise of new opportunities—and fresh challenges—in an evolving global landscape.
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BRICS rises as 'anchor of stability' in a fragmenting world order
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