The BRICS alliance—which consists of South Africa, Brazil, Russia, India, and China—has attracted a lot of interest on the international scene in recent years. More and more Southeast Asian nations are indicating their desire to join this bloc as of late. Following the announcement of their country's desire to join BRICS by Prime Minister Anwar Ibrahim and Srettha Thavisin, Malaysia and Thailand are the most recent to express interest in it. This action begs the question, "Why are these countries so keen on joining BRICS?" in light of similar sentiments expressed by other ASEAN countries.The need to diversify one's economic possibilities is a primary driver of this surge in interest. Southeast Asian nations can explore new avenues for trade, investment, and infrastructure financing by aligning with BRICS, particularly with China and India. This is because of the "collective potential" of BRICS, as noted by Dr. Joseph Liow of Nanyang Technological University in Singapore. For nations hoping to lessen their reliance on established Western financial institutions and markets, diversification is essential.
The possibility of improving their standing internationally is another motivating element. Leaders such as Anwar Ibrahim of Malaysia view membership in the BRICS alliance as a means of enhancing their nation's visibility internationally. BRICS, according to Dr. Alan Chong of Singapore's Rajaratnam School of International Studies, is a "alternative leadership circuit" in the context of international governance. By joining this organization, countries can use their international standing to appeal to their home electorates and increase their influence in world affairs.
The potential for economic collaboration within the BRICS is quite alluring for countries such as Indonesia. The potential for collaboration in trade, investment, and infrastructure finance is what attracts ASEAN nations, according to the executive director of the think tank Centre of Economics and Law Studies (CELIOS) in Indonesia. Since the economies of the BRICS nations collectively account for a sizeable share of the global economy, the bloc is appealing to nations hoping to accelerate their economic development.
Southeast Asian nations' increasing interest in becoming BRICS members is indicative of their deliberate decisions to expand their economic opportunities and raise their profile internationally. Although there are valid worries regarding excessive reliance on China and internal political dynamics within the BRICS, the possible financial advantages and prospects for global collaboration render this transition an alluring idea. It will be interesting to see how these dynamics change as BRICS grows and what new opportunities and difficulties its members face.
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