In a world where geopolitics and economic prowess play pivotal roles in shaping the global landscape, BRICS, an acronym for Brazil, Russia, India, China, and South Africa, stands as a promising alliance. BRICS, as a group, has long been viewed as a formidable contender that can challenge the Western hegemony led by the G7. This article delves into the question of whether BRICS will ever reach its full potential, taking into consideration recent developments, economic metrics, and geopolitical dynamics.

Economic Powerhouse: BRICS vs. G7

One of the key indicators of a nation’s global influence is its Gross Domestic Product (GDP) measured in terms of Purchasing Power Parity (PPP). BRICS collectively has not only crossed the GDP PPP of the G7 nations but has also displayed steady growth over the years. This impressive economic growth suggests that BRICS has the potential to reshape the global economic order.

Expanding Horizons

Recent months have witnessed BRICS expanding its horizons, both in terms of outreach and engagement with other nations. This expansion demonstrates the group’s commitment to fostering international cooperation and partnership. However, amidst this growth, there are significant challenges that BRICS must address to realize its full potential.

Territorial Disputes: A Cause for Concern

China’s release of a new map that lays claim to parts of Russia and India as its territory has raised eyebrows and generated concerns among BRICS member nations. Such territorial disputes can strain relationships within the alliance, potentially hindering its ability to act as a cohesive unit. It is imperative for BRICS to address these disputes diplomatically to maintain unity and stability within the group.

Presidential Absence: A Sign of Fracture?

Another notable development is the absence of the Chinese and Russian presidents from the G20 Summit hosted by India. This absence raises questions about the level of cooperation and connection among these major BRICS powers. If the leaders of these nations are not attending a summit hosted by a fellow BRICS member. It could indicate a significant disconnect that may have repercussions for the alliance.

The BRICS Currency Dream

One of the ambitious goals on the BRICS agenda is the creation of their own currency. While this move could potentially challenge the dominance of the US dollar in international trade. It is a complex endeavor that requires a centralized bank to manage the process effectively. However, with China’s assertive stance on territorial issues and its aspirations for global dominance. The realization of this dream remains uncertain.

Conclusion: Navigating Complex Waters

In conclusion, the question of whether BRICS will ever reach its full potential is a complex one. While the alliance boasts impressive economic growth and expansion. It also faces challenges, including territorial disputes, diplomatic tensions, and the ambitious dream of creating its own currency. The absence of Chinese and Russian leaders from international summits raises concerns about the unity of the group.

BRICS has the potential to reshape the global order, but it must navigate these complex waters with tact and diplomacy. The alliance’s future success hinges on its ability to maintain strong connections among its major powers and address the challenges that lie ahead.