Malaysia’s Brics ambition: a bridge to greater prosperity
Brics, which stands for Brazil, Russia, India, China, and South Africa, is a prominent economic bloc of some of the world’s major emerging economies. Malaysia’s recent expression of interest in joining this influential group has sparked discussions about the potential benefits and challenges of such...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Malay Mail Sdn Bhd
2024
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| Online Access: | http://irep.iium.edu.my/113491/1/113491_Malaysia%E2%80%99s%20Brics%20ambition.pdf http://irep.iium.edu.my/113491/ https://www.malaymail.com/news/what-you-think/2024/07/15/malaysias-brics-ambition-a-bridge-to-greater-prosperity-ashurov-sharofiddin-and-mohd-zaidi-md-zabri/143721 |
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| Summary: | Brics, which stands for Brazil, Russia, India, China, and South Africa, is a prominent economic bloc of some of the world’s major emerging economies. Malaysia’s recent expression of interest in joining this influential group has sparked discussions about the potential benefits and challenges of such a move. Joining Brics offers Malaysia several strategic advantages. Firstly, it provides a platform for enhanced diplomatic engagement and cooperation with major global players. BRICS countries collectively represent 42 percent of the world’s population and approximately 23 per cent of global GDP. This membership would allow Malaysia to participate in multilateral discussions on global economic policies, trade agreements, and geopolitical strategies. |
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