This month’s Brics summit in Rio de Janeiro, Brazil, marked a pivotal moment that reflects shifting global power dynamics. By consolidating into a stronger multipolar bloc, emerging economies are effectively challenging the long-standing dominance of a Western-led order.
Brics released a joint statement, criticising unilateral tariffs and non-tariff measures that disrupt global trade. The statement called for reforms of institutions such as the International Monetary Fund and the World Bank….
