They added that aside from economic gains, BRICS membership could also be a platform for Arab countries to create an identity beyond regional boundaries. The high interest from developing economies in the Middle East and Africa is just an example." "Notably, in 2020, the combined GDP of BRICS nations, assessed through purchasing power parity, surpassed that of the G7, amounting to 31.5 percent versus 30.7 percent. "In the face of the Northern nations' increasingly desperate maneuvers to preserve their monopolistic dominion, the appeal of BRICS is poised to intensify." The bloc of developing nations now accounts for about a quarter of global wealth.

Source: The North Africa Journal August 23, 2023 13:45 UTC