Revista Tempo do Mundo (Jun 2020)

TEN YEARS OF THE BRICS: WESTERN HEGEMONY CRISIS AND CONSTRUCTION OF A MULTIPOLAR WORLD ORDER

  • Juan Sebastián Schulz

DOI
https://doi.org/10.38116/rtm22art9
Journal volume & issue
no. 22
pp. 189 – 216

Abstract

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Between November 14 and 16, 2019, the XI BRICS Summit was held in Brasilia, which meant not only the tenth anniversary of the formal birth of the group, but also the eleventh consecutive Summit of leaders since the first meeting in Yekaterinburg, Russia, back in 2009. In this context, this article intends to review the main demands and demands of the BRICS block over these ten years, pointing out in the claims on the construction of a multipolar world order, the reform of global governance institutions and the need for a new international financial architecture. We frame the emergence of BRICS in a world that is going through a process of hegemonic historical - spatial transition, in which there is a change in the center of gravity of world power from the west to the east and from the north to the south. In this context, a set of emerging states begin to obtain greater autonomous decision-making capacity over their development policies, posing the challenge of building a new world order.

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