https://en.sputniknews.africa/20240105/brics-seeking-global-economic-system-without-western-domination-expert-says-1064478887.html
BRICS Seeking Global Economic System Without Western Domination, Expert Says
BRICS Seeking Global Economic System Without Western Domination, Expert Says
Sputnik Africa
On January 1, Russia assumed the chairship of BRICS, an organization that currently includes ten countries. Following the bloc's recent summit, Egypt... 05.01.2024, Sputnik Africa
2024-01-05T13:06+0100
2024-01-05T13:06+0100
2024-01-05T13:06+0100
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BRICS' efforts to free the global economy from Western hegemony require a move away from the dominance of the US dollar, Washington's control over global financial institutions, and unilateral sanctions, Dr. Samer Abdallah, a professor of political science at the Lebanese University, told Sputnik.He added that the BRICS countries "are not trying to change the concept of the world economy, but to end Western domination and dependence on the West."At the BRICS summit in South Africa last August, President Cyril Ramaphosa said the organization's members had decided to accept the application of six new members, including Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates, to become full members of BRICS. Under a new president, Argentina later refused to join the association. The full participation of the new five members in the organization began on January 1, 2024.
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brics, brics expansion, brics summit, west, economy, european union (eu), europe, united states (us), washington , us dollar, ditching dollar, de-dollarization, international
brics, brics expansion, brics summit, west, economy, european union (eu), europe, united states (us), washington , us dollar, ditching dollar, de-dollarization, international
BRICS Seeking Global Economic System Without Western Domination, Expert Says
Muhammad Nooh Osman
Writer/Editor
On January 1, Russia assumed the chairship of BRICS, an organization that currently includes ten countries. Following the bloc's recent summit, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates joined BRICS as new full members, demonstrating the organization's growing influence and role in international affairs.
BRICS' efforts to
free the global economy from Western hegemony require a move away from the dominance of the US dollar, Washington's control over global financial institutions, and unilateral sanctions,
Dr. Samer Abdallah, a professor of political science at the Lebanese University, told
Sputnik.
"The BRICS countries are taking reasonable steps and doing business with each other in accordance with the rules of competition and international trade, away from the unfair Western liberal system," Dr. Abdallah said.
He added that the
BRICS countries "are not trying to change the concept of the world economy, but to end Western domination and dependence on the West."
At the BRICS summit in South Africa last August, President Cyril Ramaphosa said the organization's members had decided to accept the application of six new members, including Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates, to become full members of BRICS. Under a new president, Argentina later refused to join the association. The full participation of the new five members in the organization began on January 1, 2024.
