The Geopolitics and Economic Structures of BRICS and the Eastern Economic Forum
The Geopolitics and Economic Structures of BRICS and the Eastern Economic Forum By Pedro Buinhas – Global Research
Cooperation between the BRICS countries
It’s no secret that the BRICS designation was proposed by Goldman Sachs. It’s no secret that the core of the BRICS partnership is Russia and China.It’s no secret that Brazil and India, besides their current internal political difficulties, are struggling with huge external debts (ED). This means that two BRICS countries are on a tight grip by the IMF, where US has veto power over every decision.
Cooperation between the BRICS members has been more or less stalled. It appears to be more RC doing all the work and BIS on a secondary level not exactly knowing where to go. That’s why, in my opinion, China is looking to bring other countries from outside the BRICS designation and include them in possible future agreements. A policy that has been played since 2014. This year was Mexico, Thailand, Tajikistan, Guinea and Egypt who joined the summit. These invitations came at the same time when AIIB announced the financing of $210 million to Egypt, supporting the development of renewable energy in that country, and that China will loan$20 Billion to Guinea in exchange for minerals. This policy may lead to the official expansion or even the renaming of the BRICS. For now, the BRICS Plus designation has been launched.
This reorganization and renaming of the BRICS members might prove to be essential to dilute US influence. Disconnecting from the dollar and counter its hegemony has to be made on an ideological-sociological dimension as well. To end the dollar hegemony, China and Russia need to have strong military capabilities to counteract US conflict initiatives (check), engage in trade agreements in their own currencies (check), but also, for example, start announcing that X agreement is worth Z yuans or Y rubles, not W dollars; or that this organization of countries is not the BRICS but the BRICS Plus. Leading the narrative is another way of exhorting influence. Proposing their own designations, coining their own terms, using their own expressions and approaches, expanding their millennium-old philosophy, culture and literature is also part of the big game. It’s another form of ending the dollar hegemony, but played on an ideological level.