BRICS has been around for nearly 18 years under the acronym Brazil, Russia, India, China, and South Africa. All of these members are emerging economies with robust yet growing GDPs. In 2024, the group grew from its usual 5 members to 10 as it inducted the UAE, Egypt, Indonesia, Ethiopia, and Iran. Argentina declined the membership invitation, and Saudi Arabia is yet to provide an answer.

Also Read: 2 Countries Express Interest to Join BRICS Alliance in 2026

BRICS Growing Bigger Financially While the US & West Stagnates

BRICS Alliance Flags
Source: AFP

The BRICS bloc has now grown into a powerful force of its own, while other developing countries see it as a saving grace to counter the US, Europe, and Western domination. Simon French, Chief Economist and Head of Research at London’s investment banking firm Panmure Liberum, wrote in his latest piece that the “West cannot ignore BRICS for another 25 years.”

He noted that BRICS has grown into a powerful voice, which is acting as a resistance to the US and the West. While power traditionally rested in the hands of the West, the alliance is realigning the monetary machinery. This shift will continue for the next few decades, making the West unable to ignore the BRICS bloc. The alliance will accelerate settling trade in local currencies, while the US dollar will see a reduction in usage.

Though the scale is small now, it could snowball into a bigger effect by 2050. What makes BRICS powerful is that many more developing countries are supporting its cause. They are also aiming for membership to contribute to the growing trend of de-dollarization. All of this is happening right under the nose of US President Donald Trump’s reign. Now imagine, when he’s out of office, and the threat of consequences no longer exists.

The alliance is capable of far more when Trump walks into the sunset in January 2029. The US and Europe can no longer sit idle on BRICS and risk losing their global power. The bloc had previously said that the de-dollarization initiative is a long-term goal. So, they have all the time in the world to lay the groundwork to uproot the US dollar’s supremacy. The US and the West must be on their toes till 2050 to guard their financial fortress or risk losing it.

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