The Brics don’t stack up as a committee to run the world
Even the rival long-established G7 rich countries have often struggled for consensus
FOR evidence that Brics summits are adopting the routine features of the global governance circuit, observe the familiar jostling during this week’s meeting in South Africa to manufacture an announcement and maintain the impression of forward momentum.
The closest to a “deliverable”, to use the familiar grating term, is a commitment in principle to expand the grouping’s membership beyond the current five (Brazil, Russia, India, China and South Africa). Even that’s uncomfortable for India and Brazil, which are concerned about accepting more members strongly aligned with China.
The Brics’ weaknesses as a policymaking forum are evident. The club has insufficient unity of purpose and little ability to enforce decisions.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Room for more offices, homes and green spaces to make Orchard Road more vibrant
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
MAS revises takeover and merger code to enhance competition and disclosures