BRICS expanded from a 5-member group to an 11-member alliance during the 15th summit in Johannesburg in August. The bloc is now more economically powerful in GDP, oil exports, and commodities, among others, challenging the Western financial sector. While things seem to be going well for BRICS on paper, the reality is starkly different. The group has faced criticism of various kinds for not achieving the things that it sets out to do. In this article, we will highlight the top 3 sharpest criticisms that BRICS face in international markets.
3 Biggest Criticisms That BRICS Face
- Talk Shop: BRICS has been accused of being a group of ‘all talk and no show’ for nearly a decade. Leaders meet at the summit and decide the point of action never to follow it up until the next summit. Developing countries have leaders who talk big but provide little action on the ground. The same ideology is a rinse and repeat, be it summits or elections. Very few changes occur on the ground and most of the talks are only speeches with no real-life outcomes.
2. No Big Achievements: The BRICS bloc has no real achievements to showcase except banding together as one group every year. Their activities have faced no significant impact on global affairs as the majority of the summits operate only as talk shops. They have failed to address key challenges even with matters concerning just their bloc.
3. Lack of Shared Vision: BRICS is a group that turns friends during the summit but indulges in mud-slinging politics at the national level. India and China repeatedly take potshots at each other due to the never-ending border disputes and trade disagreements. China and Russia want world dominance, while India, South Africa, and Brazil want to play it safe. Each country has a different vision and either concludes matters of affairs rarely or through force.