Indonesia's Interests and Challenges in Joining Brics

Authors

  • Roby Arman Myajaya Universitas Paramadina

DOI:

https://doi.org/10.59059/mandub.v3i1.2179

Keywords:

Geopolitical Impact, Global Economy, International Security, Multilateral Diplomacy, Russia-Ukraine Conflict

Abstract

This study analyzes the international ramifications of the Russia-Ukraine conflict, focusing on its economic, political, and security dimensions. The conflict has disrupted global trade, particularly in the energy and agricultural sectors, leading to inflation and price volatility worldwide. Politically, it has shifted global alliances, with Western countries strengthening NATO and imposing sanctions on Russia, while some nations have chosen strategic neutrality. In terms of security, the conflict has exacerbated global tensions and driven increased military expenditures across major powers. The research employs a qualitative approach, using a literature review method to analyze both primary and secondary sources, including policy documents, academic journals, and international reports. The study identifies key challenges such as food security, energy shortages, and the polarization of international relations. The paper suggests that strengthening multilateral diplomatic efforts is crucial for mediating the conflict and mitigating its global economic and security consequences. In conclusion, the study argues that addressing the global impact of the Russia-Ukraine conflict requires strategies that 

References

Adedoyin, F. F., & Adebayo, T. S. (2020). ICT innovation, FDI, and economic growth: Evidence from BRICS. Journal of Economics and Behavioral Studies, 15(2), 350–358. https://doi.org/10.22610/jebs.v15i2(j).3508

Alamsyah, H. (2023). China's role in optimizing BRICS economic cooperation to achieve common development goals. JPI. https://doi.org/10.33197/jpi.v1i2.1533

Ampri, I. (2024, November 22). Revealing the benefits and risks if Indonesia joins BRICS. Balinesia.id. Retrieved from https://balinesia.id/read/mengbesar-keuntungan-dan-resiko-bila-indonesia-berjoin-brics

Bruno, V., & Shin, H. S. (2015). Cross-border banking and global liquidity. Journal of Monetary Economics, 71, 119–132. https://doi.org/10.1016/j.jmoneco.2014.11.011

Butar, S. (2023). Indonesia's shifting strategy in the dispute with China between 2009 and 2022 and its implications for regional resilience in the North Natuna waters. National Resilience Journal. https://doi.org/10.22146/jkn.83036

Chattopadhyay, S., & Dutta, A. (2022). Trends and determinants of FDI with implications of COVID-19 in BRICS. Global Journal of Emerging Market Economies, 14(1), 1–20. https://doi.org/10.1177/09749101211067091

Dawood, M. (2018). Monetary policy, foreign interest rate impact on Indonesian bank credit. Jejak, 11(2), 123–134. https://doi.org/10.15294/jejak.v11i2.16056

Delanova, A. (2016). Economic diplomacy of Indonesia and developing countries in G-33 to promote special products and special safeguard mechanism proposals. Journal of Global Dynamics, 1(1), 12. https://doi.org/10.36859/jdg.v1i01.12

Fahum. (2024). Indonesian foreign policy: Definition, objectives, principles, and foundations. Jakarta: Pustaka Diplomasi Indonesia.

Fitri, N. (2022). The influence of Islamic banking integrity as a financial sector in improving the Indonesian economy during the pandemic. Journal of Legal Communication (JKH), 8(1), 44409. https://doi.org/10.23887/jkh.v8i1.44409

Hammed, A. (2023). ICT innovation, FDI, and economic growth: Evidence from BRICS. Journal of Economics and Behavioral Studies, 15(2), 350–358. https://doi.org/10.22610/jebs.v15i2(j).3508

Indrayana, R. (2024). Reviewing the foreign policy of the Republic of Indonesia through President Jokowi's visit to South Africa in 2023. Scientific Journal of International Relations, 20(1), 96–107. https://doi.org/10.26593/jihi.v20i1.7626.96-107

Iqbal, B. (2021). BRICS as a driver of global economic growth and development. Global Journal of Emerging Market Economies. https://doi.org/10.1177/09749101211067096

Kaufmann, D., Kraay, A., & Mastruzzi, M. (2011). The worldwide governance indicators: Methodology and analytical issues. World Bank Policy Research Working Paper, No. 5430. https://doi.org/10.1596/1813-9450-5430

Nasution, M., et al. (2020). The impact of the COVID-19 pandemic on the Indonesian economy. Jurnal Benefita, 5(2), 5313. https://doi.org/10.22216/jbe.v5i2.5313

Neethling, T. (2017). South Africa's foreign policy and the BRICS formation: Reflections on the quest for the 'right' economic-diplomatic strategy. Insights on Africa, 9(1), 1–17. https://doi.org/10.1177/0975087816674580

Pattinussa, A., & Tambunan, T. (2023). Externality of economic diplomacy in Indonesia: Case study of investment within the palm plantation sector. Global & Strategic Journal, 17(1), 1–32. https://doi.org/10.20473/jgs.17.1.2023.1-32

Pedrason, M. (2021). The role of Indonesian defense diplomacy in the development of the Kra Canal to maintain ASEAN security stability. Journal of Socio-Human Sciences, 5(1), 14406. https://doi.org/10.22437/jssh.v5i1.14406

Purba, R. (2024). Limits for security: Analysis of Indonesia's nickel export restriction policy using a postcolonial approach. Journal of International Relations, 17(1), 54692. https://doi.org/10.20473/jhi.v17i1.54692

Puskarsa. (2024). The role of diplomacy in Indonesian foreign policy. Yogyakarta: Center for Strategic Studies of the Archipelago.

Rahmah, N., et al. (2023). Mapping of Aceh Province region based on realization of foreign investment and domestic investment in 2017–2019. Journal of Economics and Public Policy, 13(2), 2301. https://doi.org/10.22212/jekp.v13i2.2301

Rewizorski, M. (2018). BRICS and new multilateral development banks: Towards recalibration of global economic governance. Przegląd Strategiczny, 11, 155–166. https://doi.org/10.14746/ps.2018.1.20

Santoso, R. (2023). Digital Economy Working Group G20 during Indonesia's presidency in 2022. JPI. https://doi.org/10.33197/jpi.v1i1.1084

Saragih, A. (2022). The influence of international trade and investment on Indonesia's economic growth. Journal of Social Research, 1(5), 37. https://doi.org/10.55324/josr.v1i5.37

Setiarini, D., et al. (2023). Strategic orientation, risk‐taking, corporate life cycle, and environmental, social, and governance (ESG) practices: Evidence from ASEAN countries. Business Strategy & Development. https://doi.org/10.1002/bsd2.257

Taufiek, I. (2023). Review of economic law on consumer protection in online transactions. IJLJ, 1(2), 2051. https://doi.org/10.47134/ijlj.v1i2.2051

Tsaurai, K. (2023). Foreign direct investment-growth nexus in BRICS: How relevant are the absorption capacities? Scientific Annals of Economics and Business, 70(1), 1–15. https://doi.org/10.47743/saeb-2023-0006

Umar, A. (2024). Implications of Saudi Arabia's joining the BRICS organization for Saudi Vision 2030. Jiip.

Wulandari, D., & Sari, R. (2021). Analysis of foreign debt and foreign investment on economic growth. Journal of Tourism Economics and Policy, 1(3), 175–185. https://doi.org/10.38142/jtep.v1i3.175

Yamali, A., & Putri, S. (2020). The impact of Covid-19 on the Indonesian economy. Ekonomis Journal of Economics and Business, 4(2), 179. https://doi.org/10.33087/economics.v4i2.179

Downloads

Published

2025-03-07

How to Cite

Roby Arman Myajaya. (2025). Indonesia’s Interests and Challenges in Joining Brics. Mandub : Jurnal Politik, Sosial, Hukum Dan Humaniora, 3(1), 194–206. https://doi.org/10.59059/mandub.v3i1.2179

Similar Articles

<< < 2 3 4 5 6 7 8 > >> 

You may also start an advanced similarity search for this article.