As the BRICS bloc prepares for its annual summit, a seismic shift in global geopolitics is looming. Recent developments suggest that North Korea is actively seeking membership in the alliance, a move that could significantly alter the balance of power on the world stage.
North Korea’s overtures to join BRICS come on the heels of the bloc’s successful expansion in 2023. With the addition of the United Arab Emirates, Egypt, Iran, and Ethiopia, the bloc’s influence has grown substantially. Now, North Korea, a nation long isolated from the international community, is vying to join the ranks of these emerging economic powers.
While experts remain divided on the likelihood of North Korea’s successful bid, there is no doubt that its interest in BRICS membership is a significant development. The country’s recent actions, such as skipping the UN General Assembly in favor of attending a BRICS event, indicate a growing alignment with the bloc’s values and objectives.
One key factor that could influence North Korea’s membership bid is the bloc’s ongoing efforts to de-dollarize the global economy. As BRICS nations seek to reduce their reliance on the US dollar, they may be more receptive to expanding their membership to include countries that share their economic aspirations.
However, North Korea’s membership bid faces significant challenges. The isolated regime’s human rights record and nuclear weapons program are major obstacles to its acceptance by the international community. Moreover, the bloc’s existing members may be reluctant to welcome a country that could potentially destabilize the region.
Despite these challenges, North Korea’s pursuit of BRICS membership is a sign of the changing dynamics of global power. As the world order shifts, new alliances are forming and old ones are being challenged. The outcome of North Korea’s bid will undoubtedly have far-reaching implications for the future of the BRICS bloc and the global economy.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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