Best of 2024: BRICS expansion – What the now 9-nation bloc means for world

In 2024, the BRICS group — Brazil, Russia, India, China, and South Africa — took a bold step, nearly doubling its size with the addition of energy giants and emerging markets like Iran, the UAE, and Saudi Arabia (pending confirmation). This expansion reflects a strategic push, led by China, to challenge US dominance and create a multipolar world. While new members seek financing and independence from Western influence, the bloc's growth raises questions about its political and economic cohesion. Dive into the dynamics reshaping global alliances and discover how BRICS 2.0 could redefine power in a rapidly evolving geopolitical landscape.

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Bigger BRICS – what now 9-nation bloc means for world

The BRICS group, originally formed by Brazil, Russia, India, China, and South Africa, expanded in 2024 to include Iran, the UAE, Ethiopia, and Egypt. Aimed at enhancing economic influence, BRICS now represents major global energy producers and consumers. Despite its diverse membership, the bloc faces challenges like geopolitical tensions and differing economic priorities. China, the group's dominant power, leads expansion efforts, while member nations seek independence from US-led financial systems.

By Mike Cohen

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