Openness, inclusiveness and cooperation BRICS' solution to issues in volatile world

Despite the efforts of certain parties to discredit or contain it, the BRICS grouping has continually expanded and grown in stature in recent years. This was reinforced by the 17th BRICS Summit held in Rio de Janeiro on Sunday and Monday, which was the first summit held after the latest member Indonesia and 10 partner countries joined the grouping. In addition, some emerging markets and developing countries, international and regional organizations were invited to attend the meeting.

This highlights that the greater BRICS cooperation mechanism has become a key platform for solidarity and cooperation among emerging market economies and developing countries. It has developed to be a major force promoting multipolarization and inclusive economic globalization.

The BRICS members account for over half of the world's population, nearly 30 percent of global GDP, and more than 50 percent of global economic growth. This signifies the historic shift of the Global South from the periphery to the center of the international arena. The growing diversity of BRICS further underscores its commitment to inclusivity and its nature as a representative of the Global South.