---
title: "The Rise of BRICS: A New Global Power"
description: "Discover the rise of BRICS, the powerhouse alliance shaping global politics. What does it mean for Malaysia? Find out in our latest blog post!"
url: "https://www.mrmoneytv.com/articles/the-rise-of-brics-a-new-global-power/"
category: "Financial News"
author: "Finlit"
published: 2024-09-04
source: "Mr Money TV"
---

# The Rise of BRICS: A New Global Power

Discover the rise of BRICS, the powerhouse alliance shaping global politics. What does it mean for Malaysia? Find out in our latest blog post!

## Key takeaways

- BRICS is an informal coalition of Brazil, Russia, India, China, and South Africa, together making up about 36% of global GDP and 47% of the global population.
- BRICS has grown into a serious contender against the G7 nations and is attracting interest from other countries, including Malaysia, to join.
- The rise of BRICS is shifting global power away from a Western-dominated order toward one where emerging economies play a bigger role.
- Whether Malaysia should join BRICS, as a trap or an opportunity, is the open question the article poses and answers in the full Mr Money TV video.

Our global landscape has been long dominated by the [G7 nations](https://en.wikipedia.org/wiki/G7); however, a new coalition is beginning to make significant waves. I’m talking about BRICS—an informal coalition that has grown into a powerful alliance comprising Brazil, Russia, India, China, and South Africa. Together, these countries make up about 36% of the [global GDP](https://www.statista.com/topics/7747/gross-domestic-product-gdp-worldwide/#:~:text=As%20of%202022%2C%20the%20global,quarter%20of%20the%20global%20GDP.) and 47% of the global population. This coalition has transformed into a serious contender against the G7 nations and is beginning to [attract interest from other nations, like Malaysia](https://asia.nikkei.com/Newsletters/One-time/Special-edition/Malaysia-and-Thailand-keen-to-join-BRICS), to join the movement.

## What Does This Mean for the World?
As BRICS continues to gain strength, it’s changing how global power is distributed. Countries, including those in Southeast Asia like Malaysia, are now thinking about their alliances and considering whether to join BRICS. The rise of BRICS is reshaping global politics, moving away from a Western-dominated world to one where emerging economies play a crucial role.

BRICS represents a shift in global influence, introducing new dynamics into international relations. It’s a story of ambition, change, and a desire to rewrite the rules of the game. As this alliance grows, it’s clear that the global balance of power is shifting, and BRICS is at the forefront of this new world order.

### Should Malaysia Actually Join BRICS?
The rise of BRICS represents a significant shift in the global power landscape. As Brazil, Russia, India, China, and South Africa assert their influence, they challenge the long-standing dominance of the G7 nations and introduce new dynamics into international relations. But what does this mean for Malaysia? Is it a trap or an opportunity?

Watch my [full video](https://youtu.be/HNpneAieLj4?si=OBNcZvUtDHPHExnG) on the [Mr Money TV](https://www.youtube.com/@MrMoneyTV) channel, where I go in-depth into this topic.

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## Frequently asked questions

### What is BRICS?

BRICS is an informal coalition of five countries: Brazil, Russia, India, China, and South Africa. Together they account for about 36% of global GDP and 47% of the world's population. Once overshadowed by the G7 nations, the group has grown into a serious contender and is now attracting interest from other countries, including Malaysia, weighing whether to join.

### What does the rise of BRICS mean for the world?

The rise of BRICS is changing how global power is distributed. As the alliance gains strength, more countries, including Southeast Asian nations like Malaysia, are rethinking their alliances and weighing whether to join. It marks a shift away from a Western-dominated order toward one where emerging economies carry more weight, introducing new dynamics into international relations and the global balance of power.

### Should Malaysia join BRICS?

The article frames this as an open question: is joining BRICS a trap or an opportunity for Malaysia? It notes Malaysia is among the nations showing interest in the group but does not give a verdict in the text itself. Mr Money TV goes in depth on the topic and answers the question in the full video on the channel.