BRICS Adds Collective Momentum To Global South Progress
RIO DE JANEIRO, Brazil, July 17 (Bernama-Xinhua) -- With its inclusive and cooperative framework tailored to the needs of emerging economies, as a Xinhua-affiliated think tank has argued, BRICS stands apart to add collective momentum to the progress of the Global South, which seeks fairer development opportunities.
In a report titled "BRICS Cooperation: Advancing the Collective Progress of the Global South," the Xinhua Institute, a think tank affiliated with Xinhua News Agency, offers a thorough overview of the evolution of BRICS cooperation, systematically highlighting its major accomplishments and contemporary significance.
It presents a meaningful path for countries of the Global South to pursue shared prosperity in an increasingly complex international environment, and underscores the strong sense of responsibility and leadership shown by BRICS nations as frontrunners of the Global South.
By amplifying the voices of countries long marginalised in global decision-making, BRICS has taken on the role of a stabilising force in an increasingly fractured world.
The expansion of BRICS marks a qualitative leap in its representativeness and influence. In January this year, Indonesia, the largest economy in ASEAN, officially joined BRICS. Today, BRICS countries account for over half of the world's population, nearly 30 per cent of global GDP, and more than 50 per cent of global economic growth. This signifies a historic shift of Global South power from the periphery to the centre of the international arena.
A greater BRICS, with enhanced appeal, stronger representativeness, and broader geographic reach, is reshaping the global political and economic landscape. The growing diversity of BRICS further underscores its commitment to inclusiveness and its role as a true representative of the Global South.
Greater BRICS cooperation has highlighted the development priorities of emerging economies and fostered dialogue on equal footing. It reflects the growing consensus that effective multilateral solutions must involve a broader range of voices, especially those previously excluded from global governance.
In practice, BRICS has offered a hopeful and practical development model for developing countries through initiatives focused on infrastructure investment, technology transfer, and financial integration. For Global South members grappling with infrastructure challenges, food insecurity, and climate vulnerabilities, BRICS offers much-needed support which has otherwise been scant.
More importantly, BRICS speaks with one collective voice for fairness and justice in global governance. It advocates shared progress, mutual respect and sovereign equality, while firmly opposing exclusive "small blocs."
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