Indonesia has officially joined the BRICS group, a notable move that underscores its commitment to enhancing the influence of the Global South on the world stage.The decision, which was initially agreed upon during the BRICS summit in Johannesburg in August 2023, was strategically timed to follow Indonesia’s general elections in February 2024. With this membership, Indonesia aims to strengthen its economic ties and collaborative efforts with other developing nations, especially as global trade dynamics shift under pressures from policies in major economies like the United States. This growth is expected to bolster Indonesia’s role in international discussions and promote a more balanced global economic landscape [1[1[1[1][2[2[2[2][3[3[3[3].
Q&A with an Expert: Indonesia’s entry into BRICS and It’s Implications
Editor: welcome! Today we’re discussing Indonesia’s recent official membership in the BRICS group, a pivotal move that aims to amplify the influence of the Global South in the global arena. To provide insights, we have Dr. Rina Hartono,an expert on international economic policies and Global South dynamics. Thank you for joining us, Dr. hartono. Can you shed some light on why Indonesia’s membership in BRICS is notable?
Dr. Hartono: Thank you for having me. Indonesia’s entry into BRICS is a historic and strategic step that underscores its commitment to fostering a greater voice for developing nations on the world stage. This move, formalized after the BRICS summit in Johannesburg in August 2023, allows Indonesia to tap into new economic avenues and collaborations, especially as the influence of traditional powers like the United states faces challenges.it positions Indonesia as a key player in shaping a more equitable and balanced global economic landscape, which is especially essential for fostering mutual progress among emerging economies.
Editor: Interesting! How does this membership align with Indonesia’s economic goals, notably regarding its aspirations for GDP growth?
Dr. hartono: Indonesia aims to achieve an ambitious 8% GDP growth, and its BRICS membership could be a game changer in this regard. By positioning itself alongside othre influential developing nations, Indonesia can enhance trade relations, attract investments, and access new markets. This is a crucial opportunity for Indonesia, particularly as global trade dynamics are shifting, and countries are looking for option partnerships outside of the Western spheres of influence. Within BRICS, Indonesia can leverage shared resources and knowledge for innovation and sustainable development.
Editor: That makes sense. Given the shifting global trade dynamics, can you elaborate on what practical steps Indonesia can take to maximize the benefits of its BRICS membership?
Dr.Hartono: Absolutely. Indonesia should prioritize establishing bilateral and multilateral trade agreements with fellow BRICS members to secure its economic foothold. It can also invest in infrastructure to facilitate smoother trade routes and ensure the flow of goods and services. Furthermore, leveraging technological cooperation with countries like china and India can enhance domestic industries. Lastly, indonesia must engage actively in BRICS discussions to advocate for policies that favor the developmental needs of the global South, which will enhance its credibility and influence in international forums.
Editor: As a follow-up, what challenges do you foresee for Indonesia as it endeavors to deepen connections through BRICS?
Dr. Hartono: One notable challenge is balancing its national interests with those of other member countries, which may not always align. Additionally, geopolitical tensions and economic rivalries within BRICS can complicate cooperation.Indonesia must navigate these dynamics carefully to ensure that its interests are not overshadowed by bigger players in the bloc. Also, ensuring sustainable development while pursuing rapid economic growth will require careful planning and strategic policymaking.
Editor: Those are critical points. Looking ahead, how do you see Indonesia’s role evolving in international discussions following its BRICS membership?
Dr. Hartono: Indonesia has a unique opportunity to become a leading voice for the Global South on issues like climate change, sustainable development, and equitable trade practices.By actively participating in BRICS dialogues, it can advocate for a more inclusive form of globalization that benefits developing nations.This role not only enhances Indonesia’s diplomatic profile but also serves as a platform to collaborate on common challenges and share best practices with other emerging economies. It can legitimize its position as a bridge between the Global North and South.
editor: Thank you, Dr. Hartono, for sharing these invaluable insights on Indonesia’s entry into BRICS and its potential implications on the global stage. We appreciate yoru expertise in helping us understand this major development.
Dr. Hartono: Thank you for having me. It’s an exciting time for Indonesia, and I look forward to seeing how this membership unfolds in the coming years.