With Indonesia officially joining the BRICS group, Southeast Asia's largest economy and most populous country is now part of the economic and political bloc founded by Brazil, Russia, India and China in 2009. The move bolsters the international alliance, seen as a counterweight to the G7 group, and marks the latest chapter in Indonesia's bid to become a more influential player on the global stage.
In 2023, then-President Joko Widodo refused to join BRICS, saying the government was still mulling its options and did not want to "rush into it." But Prabowo Subianto, who succeeded him last year, "has no such concerns," said DW.
As a "middle power," Indonesia's membership in BRICS offers it "leverage in the global order," said Teuku Rezasyah, an international relations expert from Padjadjaran University in West Java. And with the U.S. "veering toward unilateralism" under the incoming Trump administration, the move will "bolster" Indonesia's "multilateral credentials," said Alexander Raymond Arifianto, a senior fellow at the S. Rajaratnam School of International Studies in Singapore.
Indonesia produces nearly half of the world's refined nickel and two-thirds of its mined nickel, which could significantly help the nation's economy and global standing in the years to come, said The Economist. And as its market share has grown, "so too has the grandeur of its politicians' ambitions" — for example, they plan to build a completely electric vehicle supply chain, something only China has managed to do thus far. This vision underpins Prabowo's "ambitious target" for Indonesia’s GDP to grow by 8% each year. |