re posted from AFRICA AND THE WORLD
“This is very good news for Ethiopia, for Africa, and for World Development”, added Lawrence Freeman, a political analyst of African affairs.
He further explained that he is optimistic and excited over Ethiopia’s membership of the new bloc as this kind of new economic relations with the BRICS would help it obtain more resources to realize more of its desire and potential of economy.
BRICS Offers New Potential for Africa & The World: The Human Race Will Benefit
26 August 2023
The just concluded BRICS Summit in South Africa, has changed our planet and implicitly the universe. This change cannot be reversed. It is the consequence of adding Ethiopia, Egypt, Iran, Saudi Arabia, United Arab Emirates, and Argentina to the BRICS, beginning in January 2024. This expansion of the BRICS to eleven nations, which already comprised 40% of the world population, and is expected to reach 32.1% of the global GDP this year, larger than that of the G-7 nations, cannot be disregarded. It is a new reality for our civilization. Obviously, as a result of its doubling of participating nations, the BRICS will experience significant growth beginning next year.
The new expanded BRICS definitely ends the control by the West’s “rules-based order.” There is now an alternative global institution not under the thumb of the so called advanced sector nations and their IMF-World Bank financial system. A new global potential has emerged, one rooted in the commitment by “South -South” nations to fully develop their economies. The BRICS, unlike the geopolitical ideologues of the West, will bring forth a new paradigm of development in political-economic relations among nations.
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