Emerging States and the Shifting Balance of Global Power
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The economic achievements of the BRICS countries—Brazil, Russia, India, China and South Africa—have shifted economic power away from the West and led to the development of a more decentred international economy and alternative models of international economic development. As this chapter highlights, the rise of new economic centres of power and the shifting balance of power have raised concerns about a possible endgame to the current international order. This chapter explores these concerns and analyses the extent to which they are based on assumptions around BRICS’ unity and the sustainability of their continued economic success.
KeywordsRising powers BRICS Economic growth International liberal order US
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