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Commentary: Western bias against BRICS reflects zero-sum thinking
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BEIJING, Feb. 4 (Xinhua) -- Over the past months, the topic on the
prospects of the BRICS countries has been vigorously chased by some
Western media, which gave a bleak picture of the development of BRICS
and even predicted the disintegration of the grouping.
The negative opinion reflects the West's zero-sum thinking.
Such prejudiced and short-sighted judgement has obviously neglected several key issues.
Western media have played up the ecomonic difficulties of the BRICS countries, confusing the cycle of growth with the megatrend.
Over the past six months, commodity prices nosedived, the U.S.
Federal Reserve withdrew from quantitative easing, external demand
remained sluggish. These factors have brought negtive impact on some
BRICS countries.
But their economic difficulties should not be taken as an excuse by
the Western media to turn a blind eye to the following facts:
Economic growth in developed economies averaged around 4 percent from 2007 to 2013, while the BRICS countries grew 37 percent.
In 2014, the economic scale of BRICS largely matched that of the
Group of Seven most industrial nations, while China alone contributed
27.8 percent to global.
In other words, emerging economies, represented by the BRICS
countries -- Brazil, Russia, India, China and South Africa -- were a
major driving force for global economic growth at a time when Western
countries slid into recession.
The current setback does not mean a reverse of the overall positive
trend of growth for these countries, as they are resilient and have
enough room for adjustment, with over 40 percent of the world's
population, over 26 percent of its territory and more than 20 percent of
the global GDP.
Western media also ignored both the internal reforms in the BRICS countries and the complexity of the global economic situation.
In face of economic turbulences, the BRICS countries are pushing
forward structural reforms to promote growth and reduce dependence on
external markets. They are also increasing domestic demand, upgrading
infrastructure, boosting regional connectivity, and promoting trade and
financial cooperation.
Those efforts of these countries will not only benefit themselves but also Western countries.
Western media's claim that BRICS members lack solidarity due to divergences can not hold water.
In the age of globalization, differences have not impede their
cooperation, but on the contrary have become a plus in their win-win
cooperation as their economies are highly complementary. Facts prove
that BRICS and Western countries have also conducted mutually beneficial
cooperation.
Interactions between the West and the emerging economies are by no means a zero-sum game and it is unwise to demonize the group.
Since the onset of the financial crisis in 2008, major economies,
which may differ in ideology, have carried out bailout programs and
coordinated macropolicies.
The global economic downturn has made it clear that only by rallying
together can countries overcome the difficult times. The world has a
better future if the West abandons zero-sum thinking and pursues a
win-win path with emerging economies.
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