​In recent years, BRICS and the G20 have emerged as powerful forces shaping the global economy. BRICS, which includes Brazil, Russia, India, China, and South Africa, represents some of the world’s fastest growing economies. Together, they are challenging the long-standing dominance of traditional Western powers.

The G20, on the other hand, brings together both developed and emerging economies to discuss global financial stability. Unlike older international groups, the G20 includes countries from all continents, giving it a broader and more balanced voice.

Both groups aim to push for reforms in global financial institutions. They advocate for more inclusive policies, fairer trade practices, and stronger representation for developing nations. BRICS has even proposed its own financial institutions, like the New Development Bank, to support infrastructure and growth projects.

As economic power gradually shifts from the West to the East and South, BRICS and G20 are at the heart of this transition. Their rise signals a move toward a more multipolar world economy, where decisions are not made by a few, but shared among many.

How BRICS and G20 Are Reshaping the Global Economic Order