“Foreign Affairs”: Why the future of BRICS bloc will shape Global Order

10:15 04.10.2024 •

As the United States and its allies are less able to unilaterally shape the global order, many countries are seeking to boost their own autonomy by courting alternative centers of power, ‘Foreign Affairs’ complains.

In late October, the group of countries known as the BRICS will convene in the Russian city of Kazan for its annual summit. The meeting is set to be a moment of triumph for its host, Russian President Vladimir Putin, who will preside over this gathering of an increasingly hefty bloc even as he prosecutes his brutal war in Ukraine. The group’s acronym comes from its first five members — Brazil, Russia, India, China, and South Africa — but it has now grown to include Egypt, Ethiopia, Iran, and the United Arab Emirates. Saudi Arabia also participates in the group’s activities.

Together, these ten countries represent 35.6 percent of global GDP in purchasing power parity terms (more than the G-7’s 30.3 percent) and 45 percent of the world’s population (the G-7 represents less than ten percent). In the coming years, BRICS is likely to expand further, with more than 40 countries expressing interest in joining, including emerging powers such as Indonesia.

Putin will be able to claim that despite the West’s best efforts to isolate Russia after its full-scale invasion of Ukraine, his country not only is far from being an international pariah but also is now a pivotal member of a dynamic group that will shape the future of the international order. That message is not mere rhetorical posturing, nor is it simply a testament to the Kremlin’s skillful diplomacy with non-Western countries or to those countries’ self-interested, pragmatic engagement with Russia.

As the United States and its allies are less able to unilaterally shape the global order, many countries are seeking to boost their own autonomy by courting alternative centers of power. Unable or unwilling to join the exclusive clubs of the United States and its junior partners, such as the G-7 or U.S.-led military blocs, and increasingly frustrated by the global financial institutions underpinned by the United States, such as the International Monetary Fund and the World Bank, these countries are keen to expand their options and establish ties with non-American initiatives and organizations. BRICS stands out among such initiatives as the most significant, relevant, and potentially influential.

Fifteen years ago, the global financial crisis that originated in the United States stoked interest in the BRIC grouping. The failure of American regulators to prevent the crisis and the exposed inefficiency of the Bretton Woods institutions — not to mention China’s sustained spectacular growth as Western economies struggled — spurred calls to redistribute global economic power and responsibility from the West to the developing world. BRICS was the most representative club to express this sentiment. Back then, however, Moscow and its partners largely worked to improve the existing order, not torpedo it. BRICS announced the New Development Bank (NDB) in 2014 to complement existing international institutions and to set up a financial safety net that offered liquidity should any of its members face short-term difficulties. It was meant to supplement, not rival, the World Bank and the IMF.

Russia may be the vocal spearhead of the bid to use BRICS to create an alternative to the U.S.-led global order, but China is the real driving force behind the grouping’s expansion. During the global financial crisis of 2008-10, Beijing shared Moscow’s desire to make BRICS more relevant. China wanted to position itself as part of a dynamic group of developing countries that sought to gradually rebalance global institutions to more fairly reflect shifts in economic and technological power. Under Chinese President Hu Jintao, however, Beijing was unwilling to claim leadership of the grouping, still guided by Deng Xiaoping’s formula of “keeping a low profile.”

As U.S.-Chinese relations have plummeted in the last decade, Beijing’s foreign policy has grown more radical. Chinese leaders are convinced that the United States won’t willingly allow China to become the dominant power in Asia, much less deign to share global leadership with Beijing. China believes that the United States is instrumentalizing the alliances and institutions that underpin the current global order to constrain China’s rise. In response, Beijing has embarked on projects such as Xi’s overlapping Global Security Initiative, Global Development Initiative, and Global Civilization Initiative, all of which challenge the West’s right to unilaterally define universal rules and seek to undermine the notion of universal values in areas such as human rights. These initiatives point to China’s desire to build a different order rather than simply reform the current one.

China and Russia now have similar ambitions for the BRICS, making Putin and Xi a powerful tandem. Both want to dethrone the United States as the global hegemon, and to that end, Beijing and Moscow seek to make alternative financial and tech platforms immune to U.S. pressure. Deepening multilateralization through BRICS seems like the best path forward. Like Putin, Xi casts this effort in moral terms. As he said at a BRICS summit in 2023, “We do not barter away principles, succumb to external pressure, or act as vassals of others. International rules must be written and upheld jointly by all countries based on the purposes and principles of the UN Charter, rather than dictated by those with the strongest muscles or the loudest voice.”

Beyond rhetoric, China has led the effort — with Russian backing — to add members to the BRICS. Beijing advocated a maximalist approach, trying to rope in as many countries as possible. It wants to be the leader of a strong and sizable bloc.

Despite the growing divergence between the explicitly anti-Western camp in the BRICS and the nonaligned camp, all members still agree on a number of fundamental issues that explain why the grouping has become vital to its members. In the view of most countries in the grouping, the world is moving from U.S.-led unipolarity to multipolarity, with geopolitics now defined by the competition among several centers of power. The BRICS grouping, despite its internal tensions, remains a key platform for actively shaping this process. Indeed, seen from capitals across the global South, multipolarity is the safest way to constrain hegemonic power, which, unrestrained, represents a threat to international rules and norms and to global stability. Western policymakers often overlook this baseline agreement among BRICS countries and the part it has played in keeping all members committed to the grouping since its inception.

This shared perspective also explains why much of the developing world looks forward to greater multipolarity in the global order and does not pine for Washington’s or the West’s undisputed preeminence. For many countries, joining BRICS is a seriously attractive proposition. For their part, China and Russia welcome the large number of countries that have expressed interest in joining, including Algeria, Colombia, and Malaysia.

In the West, some critics of BRICS dismiss the outfit as a motley crew that deserves no serious attention. Others believe it is a direct threat to the global order. Both views lack nuance: the emergence of BRICS as a political grouping reflects genuine grievances over the inequities of the U.S.-led order and cannot simply be waved away.

For the United States and other Western powers, the dynamics inside BRICS underline the necessity of taking the grouping — and the underlying dissatisfaction with the current order — seriously. It is entirely reasonable for rising powers such as Brazil to search for hedging options and to feel dissatisfied with how the United States has steered the existing system.

Western powers should focus on not making things worse by, for example, trying to scare middle powers away from joining BRICS, which smacks of paternalism and quasi-colonial interference.

Rather than bemoaning the emergence of the BRICS, the West should court those member states that have a stake in making sure that the grouping does not become an overtly anti-Western outfit intent on undermining the global order.

 

read more in our Telegram-channel https://t.me/The_International_Affairs