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Report: Malaysia Set to Join BRICS

  • #Malaysia
  • #Economic conditions & trends
  • #World
Report: Malaysia Set to Join BRICS
story
JUN 2024
Above: Malaysian Prime Minister Anwar Ibrahim speaks to the media during talks with German Chancellor Olaf Scholz at the Chancellery on March 11, 2024 in Berlin, Germany. Image copyright: Sean Gallup/Staff/Getty Images News via Getty Images
story last updated JUN 2024

The Spin

Establishment-critical narrative

Malaysia's desire to join BRICS highlights the tectonic shifts in the global balance of power and the dawn of the multipolar age. Western economies used to dominate the world order, but now the BRICS are surpassing the G7 in terms of global economic output and continuing to reshape international relations in favor of the Global South. The hegemony of the West is finally over, and Anwar's statements, therefore, reflect economic pragmatism and strategic foresight.

The Star

Pro-establishment narrative

While Malaysia may plan to join BRICS, this doesn't reflect the full picture of current trends. The headlines fail to mention the rising significance of the US market for ASEAN countries amid ongoing China-US trade tensions and economic shifts. For instance, Malaysia's exports to the US recently increased while exports to China declined. The US is still the most powerful country in the world, and Malaysia, an ASEAN country, shouldn't jeopardize its future due to ideological concerns.

Eurasiantimes

Metaculus Prediction


Articles on this story

Malaysia seeks strong ties with US but not 'phobia' of China, PM says
FOX NewsMAY 2024
Malaysia PM says his country keeps good ties with US but not China phobia, wants to engage both
Associated PressMAY 2024
Malaysia PM says his country keeps good ties with US but not China phobia, wants to engage both
IndependentMAY 2024