•      Tue Feb 27 2024

Strong BRICS can contribute for peace, prosperity and resolving global issues

Kathmandu, Jan 28: The BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, has emerged as a formidable force in shaping the global economic landscape. These nations, with diverse cultures, economies, and political systems, have come together to forge a collaborative platform aimed at fostering peace and prosperity on a global scale. The BRICS nations play a pivotal role in challenging the traditional power dynamics and promoting a multipolar world order that prioritizes inclusivity and shared development.

One of the key contributions of BRICS to global peace is its commitment to diplomacy and dialogue. By providing a platform for regular meetings and consultations, the alliance has created an avenue for member states to address common concerns, resolve disputes, and build mutual understanding. The emphasis on diplomatic solutions over military interventions has been a cornerstone of BRICS’s approach, setting it apart from some other global alliances. Through diplomatic channels, BRICS nations actively engage in conflict resolution efforts, promoting stability and preventing the escalation of tensions that could lead to broader regional or global conflicts.

Economic cooperation within BRICS has been instrumental in fostering global prosperity. Collectively, these nations represent a significant portion of the world’s population and GDP. By pooling their economic resources and expertise, BRICS members can address common challenges such as poverty, inequality, and underdevelopment. Initiatives like the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA) demonstrate the commitment of BRICS nations to creating financial mechanisms that are independent of traditional Western-dominated institutions, fostering economic resilience and autonomy.

BRICS nations have championed inclusive and sustainable development. By sharing best practices and collaborating on projects, the alliance is better equipped to address global challenges such as climate change, public health crises, and technological divides. The diverse experiences within BRICS offer a rich tapestry of solutions that can be tailored to fit the unique circumstances of each member state, promoting a holistic approach to development that prioritizes the well-being of people and the planet.

BRICS’s commitment to a multipolar world order challenges the dominance of any single nation or bloc, contributing to a more balanced and stable global environment. This multipolarity is evident in the alliance’s efforts to reform global governance institutions, advocating for a more representative and inclusive decision-making process. By pushing for reforms in organizations like the United Nations, International Monetary Fund, and World Bank, BRICS seeks to ensure that emerging economies have a voice in shaping the rules and norms that govern the international system.

BRICS has emerged as a beacon of hope for a world seeking a more just, peaceful, and prosperous future. The alliance’s commitment to diplomacy, economic cooperation, inclusive development, and a multipolar world order positions it as a key player in shaping the global agenda. As the BRICS nations continue to strengthen their collaboration and influence, they have the potential to contribute significantly to a more equitable and harmonious world. The greater role that BRICS plays in promoting peace and prosperity is not only beneficial for its member states but has far-reaching implications for the entire international community.

The BRICS has emerged as a significant driver of global economic growth, contributing to the reshaping of the international economic landscape. The economic contributions of BRICS nations are multi-faceted, encompassing various aspects such as trade, investment, innovation, and sustainable development.

One of the primary economic advantages of BRICS is the sheer scale of their combined economies. These nations represent a substantial portion of the world’s population, with a collective GDP that makes up a significant share of the global economy. The economic influence of BRICS is particularly evident in their contribution to global trade. As major exporters and importers, these nations play a crucial role in shaping international commerce and influencing trade policies. The diversity of their economies, ranging from the industrial powerhouse of China to the resource-rich nations like Russia and Brazil, provides a complementary mix that fosters economic resilience and stability within the alliance.

Another economic advantage of BRICS is their commitment to fostering intra-BRICS trade and investment. Initiatives such as the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA) aim to strengthen economic ties among member states, providing financial resources for infrastructure projects and other development initiatives. By reducing dependence on traditional Western-dominated financial institutions, BRICS nations enhance their economic autonomy and create avenues for more equitable global economic governance.

The BRICS countries, since their inception, emphasized a commitment to cooperation and solidarity rather than engaging in traditional geopolitical power plays. Opting for a collaborative approach rather than participating in a geopolitical game is advantageous for several reasons.

Firstly, by prioritizing cooperation, the BRICS nations foster a sense of solidarity that goes beyond conventional power dynamics. This approach aligns with the core principles of the alliance, which seeks to create a multipolar world order that respects the sovereignty and diversity of nations. Avoiding entanglement in geopolitical games allows BRICS countries to focus on shared goals, such as economic development, poverty alleviation, and sustainable growth, which benefit not only their populations but contribute to global stability.

Secondly, eschewing geopolitical maneuvering allows BRICS nations to build trust and strengthen diplomatic ties. By avoiding zero-sum competitions for influence, these countries can engage in open and constructive dialogue, fostering a climate of mutual understanding. This approach is particularly crucial given the diverse political systems, cultural backgrounds, and economic structures within the alliance. Emphasizing cooperation over geopolitical rivalry enables BRICS nations to navigate potential conflicts peacefully and work together on issues of common concern.

Furthermore, focusing on cooperation allows BRICS countries to play a constructive role in addressing global challenges. From climate change to public health crises, the alliance’s collaborative efforts demonstrate a commitment to finding solutions that transcend geopolitical boundaries. By pooling resources and expertise, BRICS nations can amplify their impact on the international stage, promoting a world order based on shared values and common interests.

In essence, the decision by BRICS countries to avoid entering the geopolitical game is a strategic choice that aligns with their vision of a multipolar and cooperative world. This approach promotes stability, fosters economic development, and enables these nations to contribute positively to global affairs, emphasizing solidarity over rivalry in the pursuit of shared goals. #Nepal