Does BRICS present multilateral bifurcation as an alternative to the West during the pandemic and global inflation crisis era?
| Autor: | Aslanyurek, Gizem |
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| Rok vydání: | 2023 |
| Předmět: | |
| Zdroj: | BRICS Journal of Economics 4(1): 117-129 |
| ISSN: | 2712-7508 2712-7702 |
| DOI: | 10.3897/brics-econ.4.e99454 |
| Popis: | This paper gives an overview of cooperative activities between the BRICS countries and their internal projections. It also analyzes the BRICS engagement as a new, alternative global institution through the global governance and multilateralism policies of BRICS. It asserts that BRICS cooperation has presented its global political and economic policies and demonstrated the tendency to prove its global goal as more than a regional organization but a new worldwide alternative to the West-oriented global institutions and cooperation. While it analyzes the objectives of the internal and international projects and coordination of the BRICS, it also examines the impact of the Covid-19 pandemic process, ongoing global inflation, and the challenges that occur dependently as a case study. The paper analyzes the texts of BRICS Summit reports and investigates the issue of whether BRICS will create a new bifurcation (Wallerstein) and drive the global power transition by challenging the rigid Western-based world order through its discourse of creating multilateral and multi-polar global system based on inclusiveness and the spirit of openness (BRICS Summit, 2022). On the other hand, there is the reality of BRICS that still face serious challenges, particularly after the pandemic period. This paper contributes to BRICS’ multilateralism and inclusiveness discourse by introducing bifurcation theory as a theoretical frame to determine the vision and the action of the BRICS group despite many challenges. |
| Databáze: | OpenAIRE |
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