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North Korea Want To Join The BRICS - Foreign Affairs - Nairaland

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North Korea Want To Join The BRICS by Horus(m): 1:22pm On May 13
North Korea want to join the BRICS

Fri 10 May 2024

North Korea has expressed its desire to join the BRICS bloc, a move that could redefine its enduring geopolitical isolation. This announcement comes at a time when BRICS are seriously considering reshaping the global financial architecture, notably by creating an alternative currency to the US dollar. Pyongyang’s interest in this group of emerging powers raises multiple questions about its motivations and the potential implications for global balance.

BRICS, an Economic and Monetary Counterpower?

The BRICS are increasingly positioning themselves as a counterpower to Western hegemony, particularly in monetary matters.

The Russian proposal to develop a new monetary unit based on a basket of the member countries’ currencies illustrates this ambition.

Envisioned as a response to a potential collapse of the dollar, this initiative could profoundly transform the global financial system.

Indeed, personalities like Alexey Mozhin of the International Monetary Fund support the creation of a distinct currency that could replace the dollar in international transactions, thereby increasing the financial autonomy of the BRICS nations.

Why is North Korea Attracted to the BRICS?

North Korea is often seen as a pariah on the international stage. It sees the BRICS as an opportunity to strengthen its economic alliances. At the same time, this could help it bypass the heavy sanctions it faces.

Joining this group would open the doors to alternative payment systems. It could particularly access those being developed around central bank digital currencies, thus escaping the omnipresence of the SWIFT network, controlled by Western powers.

This orientation towards dedollarization of trades aligns perfectly with Pyongyang’s aspirations. The city seeks to gain autonomy and respectability on the international stage.

Geopolitical Implications

The integration of North Korea into the BRICS would be a geopolitical maneuver of great magnitude.

Its admission would pose significant challenges. It would particularly need to comply with international standards and meet financial transparency requirements.

However, this move would provide North Korea with a platform to strengthen its legitimacy. It could thus break its isolation. Moreover, it would compel the international community to recognize its ability to survive economically, outside the traditional frameworks dominated by the West.

North Korea’s expression of interest in the BRICS is not just a political calculation; it reflects a strategy of survival in a rapidly evolving multipolar world.

As the BRICS continue to challenge the global status quo, North Korea’s potential entry could not only redefine alliances in the Asia-Pacific region but also accelerate the transformation of international monetary systems.

Source https://www.cointribune.com/en/north-koreas-brics-approach-forging-a-new-global-equilibrium/#:~:text=North%20Korea%20has%20expressed%20its,currency%20to%20the%20US%20dollar.

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Re: North Korea Want To Join The BRICS by Onyiiobi7735(m): 1:50pm On May 13
Just see how the perpetually paranoid Superpower US and her allies would wail, bleat and bark over NK's intention of joining BRICS.
Such a move would greatly benefit NK and immunise her against any useless sanctions spearheaded by the US, and strengthen her economic status.
Good news there, China and Russia are strong allies of NK and have fostered ever closer relationships with her.
Both global powers are the reason,NK has been able to effectively develop her nuclear weaponry, despite UN sanctions.
China and Russia have repeatedly blocked UNSC attempts of course spearheaded by US to tighten sanctions on NK.
And recently this 2024, Russia blocked a move at the UN by the paranoid Western superpower,US to renew sanctions monitoring mission on NK.
God bless Russia and China for their effectiveness in countering Western hegemony.

4 Likes

Re: North Korea Want To Join The BRICS by mysticwarrior(m): 5:07pm On May 13
In international relations this is what is called[b] "BIPOLAR BALANCE OF POWER"[/b].
Re: North Korea Want To Join The BRICS by JONSYN7154: 8:51am On May 14
What's the meaning of BRICS?

Can someone explain it to me?
Re: North Korea Want To Join The BRICS by Chimezie198(m): 9:38am On May 14
JONSYN7154:
What's the meaning of BRICS?

Can someone explain it to me?
and you carry phone dey waka up and down
Re: North Korea Want To Join The BRICS by JONSYN7154: 12:07pm On May 14
Chimezie198:
and you carry phone dey waka up and down
na everything person dey know?
Bros.
Re: North Korea Want To Join The BRICS by KGBKremlin: 5:42am On May 16
Onyiiobi7735:
Just see how the perpetually paranoid Superpower US and her allies would wail, bleat and bark over NK's intention of joining BRICS.
Such a move would greatly benefit NK and immunise her against any useless sanctions spearheaded by the US, and strengthen her economic status.
Good news there, China and Russia are strong allies of NK and have fostered ever closer relationships with her.
Both global powers are the reason,NK has been able to effectively develop her nuclear weaponry, despite UN sanctions.
China and Russia have repeatedly blocked UNSC attempts of course spearheaded by US to tighten sanctions on NK.
And recently this 2024, Russia blocked a move at the UN by the paranoid Western superpower,US to renew sanctions monitoring mission on NK.
God bless Russia and China for their effectiveness in countering Western hegemony.

Automatic ticket for north Korea

1 Like

Re: North Korea Want To Join The BRICS by KGBKremlin: 5:43am On May 16
JONSYN7154:
na everything person dey know?
Bros.

Browse brics meaning on the internet just simple.
Re: North Korea Want To Join The BRICS by Day169: 12:24pm On May 16
Fortification for the bloc to becoming "BRICKS"!

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