BRICS: Brazil Calls for Digital Revolution in New World Order

Joshua Ramos
Source: Brazil Agency

In a recent speech given at the joint G20 meeting, BRICS member country Brazil had seen its President, Luiz Inacio Lula da Silva, call for a digital revolution in a new world order. Indeed, Lula Da Silva spoke openly about the necessity to implement new globalization. Subsequently, a key part of that would be digitization in minimizing discrepancies.

Throughout the speech, Da Silva was not shy about speaking about the inequality fight that the globe is confronted with now. Moreover, he expressly discussed the need for sustainability and decarbonization along with the digital revolution in the global economy. All of these factors appear to be spearheaded in its collaboration with the BRICS alliance.

brics leaders meet
Source: AFP

Also Read: Brazil President Approves Overseas Crypto Tax Law

Brazil Calls for Digital Revolution in New Globalization Effort

The digitalization of finance and other global facets has been a constant talking point for much of this year. Indeed, the world has seen digital finance take a massive step forward on a global scale. Subsequently, one economic alliance has seemingly championed its potential impact on new globalization efforts.

Specifically, speaking before a G20 contingent, BRICS member country Brazil has called for a digital revolution in a new world order. Moreover, the sentiment arrived after Russia’s President Vladimir Putin was clear on his desire to challenge the Western-dominated world order of today.

Source: Reuters

Also Read: BRICS Working on a ‘Fair World Order’ to End US Dollar Dominance

In the speech given by President Lula Da Silva, he highlighted increased inequality on a global scale. Moreover, he did not mince words in referencing the country’s role in helping to combat that growing dilemma. Subsequently, change in a digital form does bring a greater opportunity for such a change.

Lula da Silva’s statements arrive as 2024 is expected to see the BRICS bloc unveil a native currency. Moreover, with success throughout the alliance when implementing digital assets of various forms, many predict a blockchain-based digital BRICS currency. Such a development would certainly challenge the current world order with a new digital revolution.