Aug 21

BRICS expansion hopefuls seek to rebalance world order

An expansion of the BRICS bloc under consideration at a summit this week has attracted a motley crew of potential candidates – from Iran to Argentina – with one thing in common: a desire to level a global playing field many consider rigged against them. According to News24, the list of grievances is long. Abusive trade practices. Punishing sanctions regimes. Perceived neglect of the development needs of poorer nations. The wealthy West’s domination of international bodies, such as the United Nations, the International Monetary Fund or the World Bank.