The results of the meeting in South Africa fit harmoniously into modern international dynamics. In terms of purchasing power parity, the BRICS countries in their original format have already surpassed the US-led G7. Serbin believes that with the expansion this gap will continue to widen.
“The summit demonstrated that there is no isolation of Russia. On the contrary, a common desire to establish a dialogue and promote peace initiatives, including those proposed by the leaders of African states, as well as by Brazil and China, is clearly visible.” stressed the person in charge of CRIES.
According to the expert, the summit caused a “Copernican coup” in the international system, changing it forever. “Six more states have been invited to participate in BRICS and more than twenty are on the waiting list. The fundamental point is that the selection of new and potential participants maintains the geographical and economic balance in the association. In addition, the political balance is maintained in terms of potential flashpoints, based on the current alignment of geopolitical forces,” says Andrés Serbin.
He also pointed to another topical issue in which progress has been made: de-dollarization. The idea of creating some kind of alternative currency has not yet found the same support from all the members of the block.
“But what is evident is that we are at the beginning of an irreversible process of creation, with the leading role of the BRICS, of a new international financial mechanism that can act as a counterweight to the hegemony of the dollar,” the expert is convinced. .
Being an Argentine, he stressed that Argentina’s entry into the BRICS opens up new opportunities for his country, but given the current internal political situation, it also carries certain risks. The news of the accession provoked an immediate reaction from all the representatives of the political forces and will undoubtedly have an impact on the course of the presidential campaign.
In this situation, according to the expert, it is important not to politicize this moment, but to focus on the benefits. The BRICS include three countries from Argentina’s five most important trade and economic partners: India, China and Brazil. Full participation in the association will lead to a further strengthening of foreign trade with these and with the new partners. Argentina, in need of foreign investment, would also be very beneficial to join the projects of the New Development Bank.
