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BRICS

Introduction After World War II, the multilateral system was designed to promote international peace, drive economic growth, and ensure global cooperation. Institutions such as the United Nations, International Monetary Fund, and World Trade Organisation established alliances, treaties, and agreements with the aim of achieving shared prosperity. In recent years, however, cracks are beginning to appear within this system. The world has witnessed a sharp increase in geopolitical crises like the Russia – Ukraine war, withdrawals from treaties, trade protectionism and back-sliding democracies. The multilateral system has also failed to deliver comprehensive solutions to global issues such as COVID-19 and climate change. As the inequalities within the multilateral system become increasingly apparent, calls for change are starting to reverberate across the …

The 2023 BRICS Summit: A Mixed Bag for China Chinese President Xi Jinping’s visit to the 15th BRICS (Brazil, Russia, India, China, and South Africa) Leaders’ Summit in Johannesburg, South Africa from August 21-24 encompassed both diplomatic successes and self-inflicted setbacks. While China effectively championed BRICS expansion, missteps by the Chinese delegation detracted from the trip’s achievements. Beijing sees BRICS as key to engaging the Global South and countering the West China sees BRICS as a valuable and unique mechanism for engaging with the Global South. In July 2023, ahead of the BRICS summit, China’s top diplomat Wang Yi described BRICS as “the most important platform for cooperation among emerging markets and developing countries.” BRICS summits allow Chinese officials to …

International summits are vital to promoting global agreement and laying the groundwork for future international cooperation. The Summit for a New Global Financial Pact took place in Paris, co-hosted by France’s President Emmanuel Macron and Barbados’ Prime Minister Mia Mottley. The Summit, organised with the aim of promoting global unity for international financial architecture form, set out to achieve four main goals focusing on fiscal sustainability and climate change in low-income countries. Amid the worldwide increase in extreme poverty and climate disasters, these conferences provide a platform for building coalitions to resolve urgent humanitarian issues. However, there has been a marked decline in international cooperation and the success of these events. In 2022, the United Nations Climate Change Conference COP27 …