The BRICS security and trade coalition is concluding its annual summit in Rio de Janeiro, Brazil, on Monday, publishing a “declaration” notably missing some of the most strident anti-American policies it previously promoted, including the creation of a unified currency to challenge the U.S. dollar.
BRICS is an international institution named after its core members: Brazil, Russia, India, China, and South Africa. The coalition identifies itself as a vehicle for “global south” countries – a term typically used for underdeveloped or developing countries and, inaccurately, for China – to conspire to overthrow the Western-led world order. It…
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