BRICS-Plus: the New Force in Global Governance
The global economy is currently experiencing unprecedented changes as the BRICS nations establish themselves as a signifi cant power center and a crucial factor in the transformation of the international economic framework. Following China’s chairmanship of BRICS, which culminated in the BRICS+ meet...
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| Format: | Article |
| Language: | Russian |
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MGIMO University Press
2023-04-01
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| Series: | Международная аналитика |
| Subjects: | |
| Online Access: | https://www.interanalytics.org/jour/article/view/473 |
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| _version_ | 1839587631220916224 |
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| author | Ya. D. Lissovolik |
| author_facet | Ya. D. Lissovolik |
| author_sort | Ya. D. Lissovolik |
| collection | DOAJ |
| description | The global economy is currently experiencing unprecedented changes as the BRICS nations establish themselves as a signifi cant power center and a crucial factor in the transformation of the international economic framework. Following China’s chairmanship of BRICS, which culminated in the BRICS+ meetings with a diverse range of emerging market economies, these and other countries have expressed their desire to join the BRICS group. The expansion process was largely catalyzed by the openness exhibited by BRICS through the BRICS+ format. The main question at this juncture is how the BRICS+ format will develop and whether it can enhance the position of BRICS in the global arena and among the Global South. This paper explores some of the opportunities presented by the BRICS+ concept in the creation of new global governance, particularly through the establishment of platforms – including those in the real sector and fi nancial platforms aimed at promoting greater cooperation among the sovereign wealth funds and regional development banks of the Global South. Another critical area is the launch of a new reserve currency that could serve as the foundation for greater economic integration across the broad platform of the developing world. |
| format | Article |
| id | doaj-art-4f8cad3fade04511b77e1e8682b08d91 |
| institution | Matheson Library |
| issn | 2587-8476 2541-9633 |
| language | Russian |
| publishDate | 2023-04-01 |
| publisher | MGIMO University Press |
| record_format | Article |
| series | Международная аналитика |
| spelling | doaj-art-4f8cad3fade04511b77e1e8682b08d912025-08-03T13:36:59ZrusMGIMO University PressМеждународная аналитика2587-84762541-96332023-04-0114113814810.46272/2587-8476-2023-14-1-138-148403BRICS-Plus: the New Force in Global GovernanceYa. D. Lissovolik0RIACThe global economy is currently experiencing unprecedented changes as the BRICS nations establish themselves as a signifi cant power center and a crucial factor in the transformation of the international economic framework. Following China’s chairmanship of BRICS, which culminated in the BRICS+ meetings with a diverse range of emerging market economies, these and other countries have expressed their desire to join the BRICS group. The expansion process was largely catalyzed by the openness exhibited by BRICS through the BRICS+ format. The main question at this juncture is how the BRICS+ format will develop and whether it can enhance the position of BRICS in the global arena and among the Global South. This paper explores some of the opportunities presented by the BRICS+ concept in the creation of new global governance, particularly through the establishment of platforms – including those in the real sector and fi nancial platforms aimed at promoting greater cooperation among the sovereign wealth funds and regional development banks of the Global South. Another critical area is the launch of a new reserve currency that could serve as the foundation for greater economic integration across the broad platform of the developing world.https://www.interanalytics.org/jour/article/view/473brics+global southr5beamsafrican union |
| spellingShingle | Ya. D. Lissovolik BRICS-Plus: the New Force in Global Governance Международная аналитика brics+ global south r5 beams african union |
| title | BRICS-Plus: the New Force in Global Governance |
| title_full | BRICS-Plus: the New Force in Global Governance |
| title_fullStr | BRICS-Plus: the New Force in Global Governance |
| title_full_unstemmed | BRICS-Plus: the New Force in Global Governance |
| title_short | BRICS-Plus: the New Force in Global Governance |
| title_sort | brics plus the new force in global governance |
| topic | brics+ global south r5 beams african union |
| url | https://www.interanalytics.org/jour/article/view/473 |
| work_keys_str_mv | AT yadlissovolik bricsplusthenewforceinglobalgovernance |