... way. A significant part of issues are related, again, to the long-standing imbalances rooted in the dominance of dollar and euro. An increase in the use of national currencies - such as renminbi, rubles, rupees, dirhams or others - in mutual trade will ... ... will contribute to practical results in all above-mentioned areas and provide an additional impetus to cooperation within the BRICS framework. This in turn will strengthen the voice of nations, which are focused on defending true national interests and ...
... able to survive amid the new conditions? Moreover, over the past years, the creation of institutions has become a practice that is widespread, even without the direct participation of the West.
On a global scale, we are witnessing the activities of the BRICS, which emerged as an alternative to the Western world order, but took the form of its most interesting achievement. At the regional level of Eurasia, the activity of the Shanghai Cooperation Organisation (SCO), which is also an international institution, but without the participation of Western countries, has become quite successful. Even Russia and its closest neighbours have created institutions ...
... in turn are increasingly targeting regional groupings from the Global South. What will be the future course taken by the African Union along the North-South (G20/BRICS) axis and are there prospects for the AU to become a permanent part of the BRICS/BRICS+ decision-making process?
Calls for other regional blocks to join the EU as members of G20 have been voiced years ago[1] and with respect to the African Union they have become much more vocal in the past several years as the AU has exhibited rising prominence and success on the international stage. Last year support for ...
... this provided for a pluralistic unipolarity by co-opting the other two centres of power of the "Golden Billion" - the European and Pacific theatres. Can we talk about the focus of Washington and its satellites on compromise, if many of the decisions ... ... will lead to a new, more just and equal world. Perhaps these decisions will be made within the framework of the G20 minus or BRICS plus, but necessarily by countries interested in real cooperation, and not in obtaining unilateral benefits. It is this ...
... was the creation of the African Continental Free Trade Area (AfCFTA), while in Eurasia the expansion of SCO membership was accompanied by the creation of RCEP. The next stage in this process would be to link up all of the pan-continental platforms in Eurasia, Africa and Latin America into one common platform that would cover the bulk of the developing world with important implications for the future evolution in global governance. On the other hand, the issue of the BRICS expansion that emerged in May 2022 suggests that rather than the aggregation of regional integration groups of the Global South under the banner of BRICS+ a different track is entertained by China and its BRICS partners that targets increasing the ...
... against China, while the initiations in trade disputes and restrictions were led by the developed economies such as the US and the EU.
Large economies also tend to have significantly more allocations towards defence compared to small economies. Hard power tends ... ... case for creating a regional R20 composed of the regional integration blocs where G20 countries are members. Similarly, for the BRICS, a BRICS+ format that brings together regional integration arrangements where BRICS economies are members provides for smaller ...
