BRICS and the New World Order

As global governance institutions crumble under geopolitical pressures and the COVID-19 pandemic followed by two major wars exposes the fragility of the existing world order, BRICS+ emerges as a potential catalyst for transformative change. This timely book examines whether the alliance representing over 40% of the world’s population and 25% of global GDP can transition from a product of the current system to an architect of a new, more equitable global governance framework.

The volume critically analyses the expansion of BRICS+ beyond its original members, exploring how diverse economies from the Global South and beyond are reshaping international dynamics. Through qualitative content analysis of official documents, summit outcomes, and expert perspectives, it addresses key challenges, including India-China tensions, economic asymmetries among members, institutional weaknesses, and Western pushback against de-dollarization efforts. It examines the New Development Bank’s efficacy, climate governance initiatives, and technological cooperation, while addressing a fundamental question: Can BRICS – constrained by its structural limitations – drive paradigm shifts in global governance or perpetuate the status quo?

The book explores synergies in sustainable development, innovation, and climate action while confronting institutional fragility and bilateral complexities. Essential reading for policymakers, economists, and scholars, it offers crucial insights into whether BRICS+ can create a more inclusive, multipolar world or remain constrained by internal contradictions and external resistance.