The global economic landscape is facing increased volatility and a weakened recovery, prompting many to seek new solutions. A recent survey conducted by CGTN reveals that the BRICS cooperation mechanism is seen as a beacon of hope for revitalizing the world economy.
As the 2024 BRICS summit approaches, the survey highlights that 92.87% of respondents believe BRICS fosters cooperation among the Global South. Furthermore, 94.2% feel that BRICS' influence is on the rise, while 94.1% agree that BRICS can significantly boost the global economic recovery.
Originally established to promote collaboration among emerging market economies and developing countries, BRICS has developed a multi-level and comprehensive cooperation framework. Initiatives like the New Development Bank and contingency reserve arrangements have extended developmental benefits to numerous nations, positioning BRICS as a pivotal player in global governance.
Reference(s):
cgtn.com
