Hey global trendsetters! The economic world is buzzing as "Greater BRICS" expands its roster with Indonesia joining as the 11th member, boosting the bloc's influence both regionally and globally. 🌏
Now home to about 3.3 billion people and representing 37.3% of global GDP on a purchasing power parity basis, Greater BRICS is reshaping dialogue in the Global South—challenging traditional power blocs like the G7, which accounts for around 28.4%.
Flashback to 2001, when economist Jim O'Neill predicted that Brazil, Russia, India, and China would transform the world economy. That visionary paper paved the way for the inaugural BRIC summit in 2009, setting the stage for deeper collaboration among emerging markets and developing regions.
At last year’s leaders’ summit in Kazan, Chinese President Xi Jinping introduced the idea of "greater BRICS" as a channel to strengthen solidarity among Global South nations. Now, with Chinese Premier Li Qiang en route to Rio de Janeiro for this year’s summit, the focus is on enhancing cooperation in security, innovation, green development, global governance, and vibrant people-to-people exchanges.
For young professionals and tech enthusiasts—from bustling cities like Jakarta to Mumbai and Bangkok—these dynamic shifts signal fresh opportunities for creativity, collaboration, and sustainable growth. Buckle up and stay tuned, because the future of global innovation is being written right before our eyes! 🚀
Reference(s):
cgtn.com
