'BRICS Plus' can boost multilateralism
BRICS member states reflect the growing influence of emerging economies worldwide, which is complemented by the decline in the weight of developed countries in the global economy. The contribution of advanced economies to global GDP (measured in terms of purchasing power parity) fell from 64 percent in 1990 to 40 percent in 2019, a situation which worsened after the COVID-19 pandemic broke out.