How BRICS Expansion Will Impact South America
The BRICS transformation into a Beijing-led alliance poses a challenge for Brazil and Argentina.
On the occasion of the 15th BRICS Leaders Summit in Johannesburg this week, the current members—Brazil, Russia, India, China and South Africa—invited Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates to join the bloc early next year. The expansion, the first since 2010, will transform the BRICS group and represents a geopolitical win for Beijing. For years, China had sought to add new members, while countries like Brazil and India were skeptical of the move, wary that it would dilute their influence and transform BRICS into a China-led alliance. Given...
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