Indonesia’s recent accession to the Brics coalition highlights the ongoing and ambitious efforts of its member countries to create a rival to the G7, the alliance of the world’s most powerful Western economies.
Brics currently has 11 members (Brazil, Russia, India, China, South Africa, Egypt, Iran, UAE, Saudi Arabia, Ethiopia and Indonesia), whose share of the global economy amounts to about 40 per cent.
Although, on the surface, Brics appears
