Question 18GS2GS2
BRICS can serve as a platform for shaping a post-Western global order, but the potential of the grouping is held back by internal contradictions. Examine.
Introduction
BRICS is coalition of developing countries started with IMF paper written by scholar Jim O'Neill. The idea realized in 2009 with grouping BRIC, South Africa later joined.
27 words
Main Body
BRICS - Shaping post-Western global order: 1) Counter to G7 :- Advanced developed countries of Europe and America. 2) Genesis with the idea :- of taking over GDP of G7 countries by 2030. 3) Introduction of New members :- Iran, Saudi Arabia, UAE, Egypt, Ethiopia. 4) Declining economic might of G7 :- evident in regular invitation of India to G7 outreach program.
5Aging population of G7 :- requiring demographic dividend of BRICS. 6) Global order not showcasing prompt geopolitical realities. 7) Global governance getting stalled :- Due to P2-P3 conflict in UNIC. 8) Global economic governance not effectively present economic order :- World Bank, WTO, IMF, etc. BRICS having potential of shaping post-western global order, is held by back internal contradictions : 1) Diverse set of countries :- from different continent. 2) No similarity in the grouping :- Differences in nature of economy - China, manufacturing powerhouse vs India, services superpower. 3) Slow rate at economic growth :- with only India being a bright upon in grouping IMF 4) Grouping perceived as Anti-Western coalition with Russia, China and new entrants like Iran.
5Geopolitical contention within members :- India vs China, Iran vs Saudi Arabia. here, BRICS to work as effective counter to Advanced Developed countries and to come out of 'Money Cow' perception should work towards common minimum program like Credit Rating Agency, New Development Bank and trade in local currencies to eliminate American hegemony and promote de-Dollarization.
— ABHISHEK ABHAY · AIR 336
240 words1 paragraphs
Conclusion
BRICS has the potential to shape post-Western order but internal contradictions limit its effectiveness.
14 words
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Topper
ABHISHEK ABHAY
AIR 3362025
Subject & Paper
GS2GS2
Topic
Bilateral, Regional and Global Groupings affecting India
BRICS
Writing Stats
281
Total words
1
Paragraphs
analytical
Tone