BRICS is considering a significant increase in GDP through its latest expansion strategy, focusing on Southeast Asian countries as potential new members.
This move could have far-reaching consequences for both the global economy and the geopolitical stance of the alliance.
Southeast Asian countries register a combined GDP of about $3.67 trillion – a figure that has been continuously growing over recent years. With plans to potentially join BRICS, the Association of Southeast Asian Nations (ASEAN), which since its inception in 1967 includes countries such as Brunei, Indonesia, Malaysia, and Vietnam, aims for continuous economic growth and integration.
BRICS could reap substantial benefits from ASEAN’s significant economic contribution. Recent reports indicate that countries like
Malaysia and Thailand
are actively seeking membership, viewing BRICS as a strategic counterbalance to Western-dominated institutions.
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The GeoEconomics Center of the Atlantic Council also
emphasizes
the ongoing shift in the dominance of the dollar in global finance, highlighting a potential future where regional currencies will play a more significant role in international transactions. This aligns with ASEAN’s efforts to strengthen its currencies and reduce its dependence on the US dollar.
BRICS, which recently expanded to include countries such as Iran and the UAE, appears ready for further growth. The efforts to expand the alliance reflect the broader trend of diversifying global economic influence and reducing dependence on traditional Western financial systems.
BRICS Poised for Substantial GDP Growth with New Strategic Focus 