Uncover the mystery of why Indonesia and Singapore did not join BRICS, despite Malaysia's participation. Explore the dynamics of BRICS in a multipolar world, AFTA, RCEP, New Development Bank, ASEAN Economic Community, and the role of ASEAN Centrality. We delve into six key reasons behind Singapore's and Indonesia’s decision, examining their commitment to strategic autonomy, focus on economic pragmatism, and alignment with ASEAN. By understanding these factors, we gain insights into their cautious approach to international relations and how it contrasts with Malaysia's path.
BRICS aims to challenge the dominance of Westernled institutions like the IMF and World Bank, promoting a more multipolar world order. They also believe that BRICS membership could potentially undermine their nonaligned foreign policy as members of the nonaligned movement.
Join us for an insightful analysis from a retired Malaysian ambassador on how ASEAN's centrality influences the decisions of its member countries and why Indonesia and Singapore prefer to steer clear of BRICS. Does Malaysia's move to join BRICS align with its national interests? Share your thoughts in the comments below!
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0.00 Intro
0.20 What is BRICS?
1.10 1st Reason
2.04 2nd Reason
2.35 3rd Reason
3.20 4th Reason
3.58 5th Reason
4.17 6th Reason
4.56 Conclusion