<h1>Small open economy should diversify foreign policy by engaging expanding BRICS to hedge against global power and trade volatility</h1> A small, open economy is advised to diversify its foreign policy by engaging with the expanding BRICS grouping as a hedge against shifting global power and trade volatility. BRICS has grown its GDP and resource share via recent admissions and institutions like its development bank, offering trade, investment and diplomatic opportunities. Membership or partner/observer status would allow participation in summits and policy dialogue without leaving existing multilateral arrangements, though risks include potential perceptions of distancing traditional allies and possible economic repercussions. Being inside the forum could also create leverage to press other members on policy concerns.