The world’s growing eastward shift of economic dominance was one of the most obvious themes in 2022. The Shanghai Cooperation Organization’s continual strengthening originally helped to achieve a lot of this migration (or SCO). 2023 appears to be the year that the BRICS bloc will have the greatest influence on the world’s economic and geopolitical landscape.
This is because the BRICS group of five major emerging economies—Brazil, Russia, India, China, and South Africa—has made significant progress in terms of joint policy coordination and because several other economies have made it clear they are interested in joining the increasingly powerful bloc.
So, just far is the reach of BRICs plus, and what is their game plan to surpass and dominate western-backed alliances in the global economic playing field? Stay tuned and be kept up to date.