Countries like Malaysia and Thailand are flocking to join BRICS as a potential ‘counterweight against U.S. economic hegemony’
==========
Malaysia's Prime Minister Anwar Ibrahim met India's Prime Minister Narendra Modi on August 20, 2024, in New Delhi; Malaysia and Thailand are seeking to join BRICS, which recently expanded to include Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE; Over 30 nations have expressed interest in joining BRICS, according to South Africa's foreign minister Naledi Pandor; BRICS aims to represent the Global South, especially post-Russia's invasion of Ukraine in 2022; Joining BRICS could provide Malaysia with trade deals and investments, while Thailand hopes to boost its economy; Malaysia's GDP per capita is nearly equal to China's; BRICS was founded in 2009 and includes countries that account for about 40% of the world's population and a quarter of global GDP; The New Development Bank, established in 2014, has approved over $32 billion in loans since 2015; Malaysia and Thailand's economies are significantly larger than Ethiopia's and comparable to Iran's and Egypt's; BRICS lacks formal trade agreements and faces geopolitical tensions, particularly between China and India; Countries like Malaysia and Thailand may view BRICS membership as economically beneficial despite potential risks.
#Brics #Malaysia #Thailand #Geopolitics #Economy #Trade #China #India #Us #GlobalSouth
https://fortune.com/asia/2024/08/21/why-do-malaysia-thailand-want-to-join-brics-hedge-china-russia-us/
Fortune /
npub1v7…9v0r4
2024-08-21 21:48:06
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npub1v7hvaa8pv7g92sr6na55dtzaxmrrsgddxkhst3e8atw4nxusm37sg9v0r4Published at
2024-08-21 21:48:06Event JSON
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"content": "Countries like Malaysia and Thailand are flocking to join BRICS as a potential ‘counterweight against U.S. economic hegemony’\n==========\n\nMalaysia's Prime Minister Anwar Ibrahim met India's Prime Minister Narendra Modi on August 20, 2024, in New Delhi; Malaysia and Thailand are seeking to join BRICS, which recently expanded to include Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE; Over 30 nations have expressed interest in joining BRICS, according to South Africa's foreign minister Naledi Pandor; BRICS aims to represent the Global South, especially post-Russia's invasion of Ukraine in 2022; Joining BRICS could provide Malaysia with trade deals and investments, while Thailand hopes to boost its economy; Malaysia's GDP per capita is nearly equal to China's; BRICS was founded in 2009 and includes countries that account for about 40% of the world's population and a quarter of global GDP; The New Development Bank, established in 2014, has approved over $32 billion in loans since 2015; Malaysia and Thailand's economies are significantly larger than Ethiopia's and comparable to Iran's and Egypt's; BRICS lacks formal trade agreements and faces geopolitical tensions, particularly between China and India; Countries like Malaysia and Thailand may view BRICS membership as economically beneficial despite potential risks.\n\n#Brics #Malaysia #Thailand #Geopolitics #Economy #Trade #China #India #Us #GlobalSouth\n\nhttps://fortune.com/asia/2024/08/21/why-do-malaysia-thailand-want-to-join-brics-hedge-china-russia-us/",
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