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BRICS Urged to Build Traditional Knowledge Alliance Beyond De-dollarisation

BRICS Urged to Build Traditional Knowledge Alliance Beyond De-dollarisation
BRICS needs a Traditional Knowledge Alliance, not just de dollarisation: Why it matters · businesstoday.in

BRICS is a group of countries that already discusses financial cooperation.

Kumaar says it should also cooperate on traditional and indigenous knowledge.

This knowledge includes practices related to health, farming, nature and human well-being.

Much of it is not well represented in major digital databases.

A Traditional Knowledge Alliance could help countries document, translate and study these traditions.

It could also support careful use of traditional knowledge today.

Communities would need protection so others could not take or profit from their knowledge unfairly.

The idea is to make BRICS more independent in both money and knowledge.

Key facts

Proposed initiative
Traditional Knowledge Alliance
Existing BRICS framework
The New Delhi Declaration recognizes traditional and indigenous knowledge in BRICS cooperation.
Potential research areas
Documentation, translation, scientific testing and responsible contemporary application
Initial focus areas
Preventive healthcare, mental well-being, nutrition, sustainable agriculture, climate resilience and human behaviour
Wellness economy size
Around $6.8 trillion in 2024
Projected wellness economy
Nearly $9.8 trillion by 2029
Required safeguards
Attribution, intellectual property, community ownership, benefit-sharing and protection against biopiracy

Quotes

Kumaar

Advocate of the proposed BRICS Traditional Knowledge Alliance

“Attribution, intellectual property, community ownership, benefit-sharing and protection against biopiracy must remain core, particularly when this knowledge enters AI datasets.”
businesstoday.in
“But a multipolar financial order built upon a largely unipolar knowledge architecture will remain incomplete.”
businesstoday.in

Sources

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