24 MAY,2023.
The paradox of BRICS, its new pathway (PG 10)(GS 2
24 MAY,2023.
Mysterious are the ways in which multilateral groupings prosper and wither away. • The Non-Aligned Movement (NAM) and G-77 had their heyday in the Cold War era. Later they lost their relevance, but they still exist. • The South Asian Association for Regional Cooperation (SAARC) summits ended in 2014, but the Secretariat somehow keeps itself busy. • Despite serious policy divergences on China and Myanmar, the Association of Southeast Asian Nations (ASEAN) continues to function, consuming reams of paper to issue long communiqués. • The case of BRICS is truly remarkable. Despite several achievements, it began to lose its sparkle. COVID-19, the Galwan clash, and the Ukraine confl•ict resulted in increased global economic stress, damaged India-China ties, and turned Russia into a diminishing power. • The group may have lost its mojo, but numerous nations want to be admitted, thus showing the paradox of BRIC