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Experts from 40 think tanks were speaking at a Global South meeting, organized by the International Department of the Communist Party of China Central Committee and the China Media Group.
Global South experts believe the recent expansion of the BRICS bloc of developing economies is a good augury. They feel that any expansion would mean that there are more voices to those who were unheard, more voices to those people who were left out in the process of integration.
Experts from 40 think tanks were speaking at a Global South meeting, organized by the International Department of the Communist Party of China Central Committee and the China Media Group. The gathering discussed the future of global development amid an era of great change and turbulence. The meeting took place ahead of the next BRICS summit which will be held in Russia from 22-24 October.
The bloc of five emerging economies, Brazil, Russia, India, China, and South Africa, expanded earlier this year to include Saudi Arabia, Egypt, the United Arab Emirates, Iran, and Ethiopia. The upcoming summit will be the first to be held since the group’s expansion, with many believing the growth of the organization will enable more countries’ voices to be heard on the international stage.
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The Global South, which carries a roughly 40% share of the global GDP and accounts for 85% of the world’s population, is experiencing a rising importance in global affairs. Many see the expansion of BRICS as an opportunity to provide more balance against the Western-dominated international order.
