BRICS Has Grown, Its Contradictions Have Grown Faster – OpEd - Eurasia Review
BRICS Has Grown, Its Contradictions Have Grown Faster – OpEd - Eurasia Review
Source: Eurasia Review
―
DW NOTE
BRICS expands from five founding members to a coalition that now includes states with active territorial disputes against each other, incompatible monetary systems, and no mechanism for settling internal conflicts. China and India fought border skirmishes as recently as 2023; Egypt and Ethiopia are locked in a decade-long dispute over the Nile. The group's stated aim is to reduce dependence on the dollar, yet its largest members hold a combined $1.4 trillion in US Treasuries and lack any functioning alternative clearing system. Growth without integration is just a conference schedule.