Russia, China Counterbalance US Hegemony Through SCO, BRICS

Basically, the SCO is the world war axis while BRICS is the economic warfare front against the United States.

 

The Shanghai Cooperation Organization (SCO) and the BRICS (Brazil, Russia, India, China and South Africa) are allowing China and Russia to take advantage of shifting global economic interests and successfully counterbalance the US hegemony.

The Shanghai Cooperation Organization (SCO) and the BRICS have transformed into two influential political organizations with the prospect of becoming an alternative to the US-led global system, according to Stratfor.

“Ultimately, both forums enable Russia and China to promote their individual regional interests and their combined interest in countering US dominance in the international system,” Stratfor’s analysts pointed out.

The analysts stressed that while Beijing has steered the SCO “toward an economic grouping,” Moscow has highlighted the forum’s “political role” and “pushed for greater security cooperation.”

Furthermore, after including India and Pakistan into the SCO, the expanded organization may create an economic space that could “theoretically” compete with the EU and the US, diminishing their economic leverage, namely sanctions and the dollar-dominated oil market.

On the other hand, the BRICS has been established to use an opportunity of shifting global economic and investment interests with the prospect to become a viable alternative to the US-led global financial architecture. The analysts noted that regardless of certain economic obstacles faced by the emerging powers of BRICS over the recent decade, the group makes up to 20-30 percent of global GDP.

Full article: Russia, China Counterbalance US Hegemony Through SCO, BRICS (Sputnik News)

Comments are closed.