BRICS and G20: Shifting dynamics in global politics and economics: US Pioneer Global VC DIFCHQ Singapore Swiss-Riyadh Norway Our Mind

The shift from the USD could mean a complete overhaul of global economic structures and trade and it seems to be that it would become reality in a not-so-distant future.

If one was to draw a venn diagram between the G20 presidency and BRICS the two platforms, they would certainly have a lot in common. The coming G20 Troika would consist of India, Brazil, and South Africa.

“This is significant not only because of enhanced representation of these countries but also because it is indicative of the tides that are shifting from the proverbial domination of the west to a focus on the global South and countries with robust and burgeoning economies that are also willing to assist each other in their rise. It represents a shift in the widely accepted standard procedures of global politics and economics,” explains Dr Aparaajita Pandey is an independent political analyst with a PhD in Latin American Studies from JNU.

In conversation with Financial Express Online, she says that this shift and its acceptance albeit often begrudging acceptance of the beginning of multipolarity is reflected in the fora like the G20. “The deepening of relations between India and Brazil, and the Brazilian attempt at strengthening their association with China and Russia stands testament to a definitive shift away from the west and its supremacy, particularly that of the US.”