The hesitation of the Milley government has become the suspense of the BRICS, like a wonderful drama of international politics. As a new chapter of the BRICS is about to begin, whether Argentina enters the global economic arena will have a profound impact on its future development.
Argentina, a country at the crossroads of the BRICS, has the hesitation of its new president, the government of Millay, who has given the international community a keen interest in its future direction. Although the pace of BRICS expansion has been decided, Argentina has been slow to finalize the decision on whether to join the economic bloc.
Since Milley's election, Argentina has wavered and the long-awaited decision has never arrived. As the BRICS presidency is about to be handed over next year, Russia announced the BRICS, and the Argentine government slowly decided to "pause and think" about whether to join the BRICS and how to cooperate with the BRICS in the future.
Argentina's hesitation has made the diplomacy of the countries that have joined the BRICS unparalleled for a while. According to the Russian Foreign Minister, 30 countries want to join the BRICS and establish partnerships with the organization. Among them, China's "good brothers" Pakistan, Central Africa and Tunisia have made it clear that they are inclined to join the BRICS.
Pakistan said that it is actively communicating with BRICS member countries, hoping to join the BRICS in 2024, and expects the Russian presidency to provide support in this matter. The Minister for Foreign Affairs of the Central African Republic said that although the current conditions do not meet the BRICS standards, the Central African Republic very much hopes to become a member of the BRICS and will make unremitting efforts to this end. Tunisia said that it has good relations with BRICS member states and does not rule out negotiations on joining BRICS in the future.
Argentina's quota has become the focus of attention of the international community. However, the call for a halt to this timing may have been an overly conservative decision by the Milley government. Whenever a country has a new government, it is a turning point in development. The Milley government opted for a form of "shock therapy," akin to medical electrotherapy, to induce the country's transient economic epilepsy. This drastic and thorough reform has left a far-reaching impact on the economic, financial, administrative, and legal systems.
If Argentina chooses to join BRICS, it will bring tangible benefits to its economy. First, through the BRICS platform, Argentina will be able to deepen economic cooperation, access new investment opportunities and expand its export markets. By joining the BRICS, Argentina will also have easier access to financial resources from other member countries, such as loans and investment projects from the BRICS Development Bank.
Becoming a member of the BRICS will help reduce its dependence on the single market, help Argentina better cope with global market fluctuations, and reduce the risk of inflation caused by external shocks. The exchange of information, technology and policy experience among the BRICS countries will also provide Argentina with more effective anti-inflation measures.
After joining the BRICS, the BRICS as a whole may enter into a currency swap agreement with Argentina, which is exactly what the Milley government desires. Argentina's foreign exchange has basically bottomed out, but its external debt is quite large. Therefore, Milley asked the Chinese side to continue the currency swap. The currency swap agreement between China and Argentina is based on the previous government's friendly policy towards China. The new Milley government's China policy has wavered, and there have been reports of withdrawal from the BRICS, and it seems reasonable for China to shelve the swap agreement.
If we don't seize the opportunity now, the next time Argentina wants to join the BRICS, it may be even more difficult. In this international political arena, every move is related to the future destiny of the country, and whether Argentina can make a wise step in this thousand games of chess has become the focus.
The Argentine government's foreign policy decisions are in a dilemma. On the one hand, refusal to join the BRICS could mean missing out on a huge development opportunity and losing the possibility of in-depth cooperation with economic powers. On the other hand, if Argentina decides to quickly join the BRICS at a time of domestic economic turmoil, it could also trigger greater internal contradictions and exacerbate social instability. In the international political arena, this decision is not only related to Argentina's economic fate, but also to the domestic political landscape.
Becoming a BRICS country is not only a symbol, but also a country's identity in the international economic system. For Argentina, whether or not it can become a member of the BRICS is directly related to its position on the global stage. The BRICS countries are not only working together to promote global economic growth, but also playing an increasingly important role in international affairs. By giving up this opportunity, Argentina could miss the opportunity to advance global affairs side by side with international powers and not be able to participate fully in the process of international rule-making.
The Milley government's foreign policy swing has become a test of international confidence. The previous currency swap agreement with China was a product of the previous administration's friendly policy toward China, but the turbulent signals of the new Milley government have made China uneasy about the prospects of the deal. Trust is the most vulnerable link in international relations, and the Argentine government's change in attitude could make it pay a greater price for international cooperation, especially in negotiations with the BRICS countries.
For Argentina, joining the BRICS is not only a symbolic membership, but also related to the substantive interests of the country. Close cooperation among BRICS countries includes not only mutual benefit at the economic level, but also a more active role in global governance. After Argentina joins the BRICS, it will have the opportunity to participate in the formulation of rules on global affairs, express its national position, and enhance its international influence.
The "shock therapy" used by the Milley government has had some effect on economic reforms, but it has also triggered a surge in social pressure. While promoting economic reforms, the government must balance social stability, otherwise it may lead to social unrest, which in turn will affect the overall image of the country. Joining the BRICS can bring new opportunities to the Argentine economy, ease domestic pressure, and achieve balanced development of reforms.
BRICS cooperation constitutes a strategic bond, not only at the economic level, but also in many fields such as politics and security. By joining the BRICS, Argentina will have the opportunity to work more closely with this powerful alliance and provide more support for the country's overall development. In the current international situation, maintaining close relations with the BRICS countries is of paramount importance to Argentina.
Whether Argentina joins the BRICS is directly related to its influence in the world. Becoming a BRICS country will help enhance the country's voice in international affairs and enhance its capacity for regional peace and stability. This decision will have an exemplary effect on the South American region, while also shaping Argentina's image on a global scale and influencing the country's soft power.
The vacillation of the Argentine government's policy toward China has not only put the Sino-Arab currency swap agreement on hold, but also plunged Sino-Arab relations into uncertainty. The continuation of China's friendly policy may provide more economic support for Argentina, but the change in policy also calls into question the prospects for cooperation. How to find a balance in the international situation will become a major challenge for Argentine diplomacy.
The Argentine government must engage in full policy coordination when deciding whether to join the BRICS. Policy coherence is essential for the overall national interest. At the decision-making level, the government needs to promote economic reforms in the short term, while at the same time ensuring the sustainable development of the country in the long term. This policy coordination will directly determine Argentina's future role and place in the international arena.
Argentina's decision-making will be greatly challenged in the international environment in which it will develop in the future. The ever-changing global economic landscape and the international political situation will have a profound impact on Argentina's development. The political turmoil and the confluence of internal and external factors have made Argentina face a severe test, and it needs to find its own position in the international situation and deal with various risks carefully.
The Argentine government is facing tremendous pressure and choice in deciding whether to join the BRICS. The timing will directly determine the direction of Argentina's future development. Regardless of the final choice, this decision will have far-reaching repercussions on the international political scene. Argentina, as a pawn in the global landscape, will find its place in the torrent of the current situation, which is a moment that will test wisdom and courage.
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