The BRICS summit meets in South Africa: between the goal of challenging the G7 and the illusion of the new single currency

The BRICS summit meets in South Africa: between the goal of challenging the G7 and the illusion of the new single currency

upon entry South Africa Fifteenth summit brix, with a window on plans to strengthen the alliance. Former emerging economies now aim to create a bloc that can cope G7and counterbalance the influence of the West.

In addition to the leaders of Brazil, China, India, South Africa and Russia (represented by Foreign Minister Sergey Lavrov in the absence of President Vladimir Putin). Johannesburg There will also be people from many countries in Asia, Africa and the Middle East: 40 interested in joining the Emerging Economies Summit Which currently amounts to about a quarter of the world’s gross domestic product (i.e. 42% of the world’s population), and 23 countries have applied for it, but although the common goal remains to confront the West, countries brix They have differences in their interests.

And if China aspires to extend its influence to compete States united (And their growth slows, as the birth rate slows) Cyril, President of South Africa RamaphosaHe will adopt a more cautious stance to avoid becoming embroiled in a competition between world powers. also India He plays a moderating role, as he wants to maintain a geo-economic footprint in the group brixWithout being drawn into a geopolitical dynamic favored by Russia and China. An approach that finds support in an objective Delhi To maintain tactical balance.

Another item on the agenda is the new common currency to oppose the dollar, the euro and the yen. difficult. But official contacts aim at “multi-polarity and economic freedom” and at “a new global financial order based on justice and fairness.”

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