Image: Internet.
By Roberto Morejon
In 2024, the now expanded BRICS group will strengthen its role as a geopolitical bloc with roots in the international community and is rightly looking hopefully to the global south.
The grouping, made up of Russia, China, South Africa, Brazil and India, included five other nations: Iran, Egypt, Ethiopia, Saudi Arabia and the United Arab Emirates.
They all have sufficient capacity to, if they wish, distance themselves from counterproductive courses and those of the industrialized nations.
Without being an anti-Western or anti-American bloc, as some claim, the BRICS countries are likely to strengthen their vision of an economy in which the dollar should not play a monopolizing role.
Incidentally, according to studies conducted there, the Sputnik portal claims that every third UN country has embarked on the path of de-dollarization.
At this point, experts predict that in their new phase, the BRICS countries will expand their trade and financial relations with each other, with an emphasis on local currencies, and with the International Monetary Fund at their side, they will adopt the practices and policies of the industrialized North will be questioned. Head.
These and other aspirations are covered by the fact that BRICS members will account for 33 percent of world production in 2028, compared to 27 percent for the group of the world's most developed economies.
The influence of the above mechanism in determining the prices of oil and gas, energy sources that influence international geopolitics, cannot be ignored.
However, the BRICS also have other goals, such as those formulated by President Vladimir Putin since Russia took over the pro tempore presidency in 2024.
According to the President, these are times when multilateralism, equitable global security and the role of science and technology must be emphasized.
With all these supports and wishes, the BRICS countries were opened, which Argentina, without much surprise, ignored.
He did so at the behest of far-right President Javier Milei, who describes himself as an “anarcho-capitalist,” or advocates the abolition of the state, and advocates for cooling relations with China and adopting a friendly attitude toward Washington.
In doing so, Milei made a misstep that his friend, the right-wing extremist Jair Bolsonaro, did not even dare to make during his time in office in Brazil.