(29-10-2024, 03:10 PM)Gemstar Wrote: Not even make sense and neither substantial to hv a BRICS currency. The US and Euto dollars stil top in the world currency of exchange. Just take a closer look at EU and US economy and tech advance. Even China also want to steal or copy their tech knowledge. And Russia are far way off. Creating BRICS is just a trick to distance itself by Russia in acting innocent, who is the creator of instability in the region in attacking Ukraine.
The emergence of BRICS represents a significant shift in the global order.
Russia's decision to seek independence from the current system is a strategic move aimed at safeguarding its interests and mitigating the impact of Western sanctions.
Such unprecedented uprising of new world's order is not something for tiny nation to take for granted. Especially Singapore.
Example in the 1960s;
Singapore was indeed one of the last Southeast Asian countries to establish diplomatic relations with China.
In the 1960s, many Southeast Asian countries established diplomatic relations with China, including:
- Indonesia (1960)
- Malaysia (1974)
- Philippines (1975)
- Thailand (1975)
Singapore, however, maintained a cautious approach due to:
Concerns about communist influence and Geopolitical tensions during the Cold War. And the relationship with Western investors.
Today, Singapore and China enjoy strong diplomatic and economic ties, with:
1. Significant trade and investment
2. Cultural exchange programs
3. Cooperation on regional and global issues
Singapore's cautious approach in the 1960s has given way to a robust and multifaceted relationship with China.
Therefore it is good for Singapore to remain cautious again, when facing today's another major change in World Geopolitical Challenges.