- Vijay Prashad: On 1 January 2024, the World's Centre of Gravity Will Shift: The 35th Newsletter 2023 Archived Message
Posted by sashimi
on September 1, 2023, 9:34 am
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31 Aug 2023 (quote) On the last day of the BRICS summit in Johannesburg, South Africa, the five founding states (Brazil, Russia, India, China, and South Africa) welcomed six new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE). The BRICS partnership now encompasses 47.3 percent of the world's population, with a combined global Gross Domestic Product (by purchasing power parity, or PPP,) of 36.4 percent. In comparison, though the G7 states (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) account for merely 10 percent of the world's population, their share of the global GDP (by PPP) is 30.4 percent. In 2021, the nations that today form the expanded BRICS group were responsible for 38.3 percent of global industrial output while their G7 counterparts accounted for 30.5 percent. All available indicators, including harvest production and the total volume of metal production, show the immense power of this new grouping. Celso Amorim, advisor to the Brazilian government and one of the architects of BRICS during his former tenure as foreign minister, said of the new development that '[t]he world can no longer be dictated by the G7'. Certainly, the BRICS nations, for all their internal hierarchies and challenges, now represent a larger share of the global GDP than the G7, which continues to behave as the world's executive body. Over forty countries expressed an interest in joining BRICS, although only twenty-three applied for membership before the South Africa meeting (including seven of the thirteen countries in the Organisation of Petroleum Exporting Countries, or OPEC). Indonesia, the world's seventh largest country in terms of GDP (by PPP), withdrew its application to BRICS at the last moment but said it would consider joining later. Indonesia's President Joko Widodo's comments reflect the mood of the summit: 'We must reject trade discrimination. Industrial downstreaming must not be hindered. We must all continue to voice equal and inclusive cooperation'. BRICS does not operate independently of new regional formations that aim to build platforms outside the grip of the West, such as the Community of Latin America and Caribbean States (CELAC) and the Shanghai Cooperation Organisation (SCO). Instead, BRICS membership has the potential to enhance regionalism for those already within these regional fora. Both sets of interregional bodies are leaning into a historical tide supported by important data, analysed by Tricontinental: Institute for Social Research using a range of widely available and reliable global databases. The facts are clear: the Global North's percentage of world GDP fell from 57.3 percent in 1993 to 40.6 percent in 2022, with the US's percentage shrinking from 19.7 percent to only 15.6 percent of global GDP (by PPP) in the same period - despite its monopoly privilege. In 2022, the Global South, without China, had a GDP (by PPP) greater than that of the Global North. The West, perhaps because of its rapid relative economic decline, is struggling to maintain its hegemony by driving a New Cold War against emergent states such as China. Perhaps the single best evidence of the racial, political, military, and economic plans of the Western powers can be summed up by a recent declaration of the North Atlantic Treaty Organisation (NATO) and the European Union (EU): 'NATO and the EU play complementary, coherent and mutually reinforcing roles in supporting international peace and security. We will further mobilise the combined set of instruments at our disposal, be they political, economic, or military, to pursue our common objectives to the benefit of our one billion citizens'. Why did BRICS welcome such a disparate group of countries, including two monarchies, into its fold? When asked to reflect on the character of the new full member states, Brazil's President Luiz Inácio Lula da Silva said, 'What matters is not the person who governs but the importance of the country. We can't deny the geopolitical importance of Iran and other countries that will join BRICS'. This is the measure of how the founding countries made the decision to expand their alliance. At the heart of BRICS's growth are at least three issues: control over energy supplies and pathways, control over global financial and development systems, and control over institutions for peace and security. (/quote) -- Cont'd at https://thetricontinental.org/newsletterissue/brics-expansion/ |
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