![]() ![]() The challenge for the BRICS consists in the development of a new global model of governance which should not be unipolar but consolidated and constructive. The power of the BRICS and its civilizational mission consists in tbringing the consolidated global efforts to a new level of ‘strong wave’ of rapidly growing economies.Ĭollective leadership is a new experience that civilization realises within the BRICS framework in the face of globalization. Thus, the BRICS format cannot operate in the logic of isolation of the developing world from the developed Western countries. Such format fulfils the function of an ‘architect of globalization’, laying the foundation for a new global consturction, made of ‘bricks’, whose strength will depend on how long our common planetary home will stand. This also brings the understanding of the critical role of the BRICS in global processes of building a new world order through the consolidation of international efforts. However, we must emphasize the essence of the creation of this format – the consolidation of the countries which are projected by leading analysts of the world to become the world most powerful economies in the 21 st century. But firstly the Republic of South Africa joined the alliance, giving the organization a transcontinental character.ĭuring the years of existence and development, BRICS is in a constant process of transformation. Following the logic of the abbreviation, Kazakhstan that possesses a huge growth potential could beсome a new member of the BRICs ‘to complete the whole picture’. In 2001, O'Neill wrote an article, ‘Building Better Global Economic BRICs’, in which he introduced a grouping acronym BRIC (by taking similarity to the English word ‘brick’ – brick). The idea of uniting the world largest developing economies under the term BRIC (Brazil, Russia, India, and China) belongs to James O'Neill, a well-known analyst in the field of global economic research from the leading US investment bank Goldman Sachs. Keywords: BRICS, partnership, globalization, cooperation, leadership.īRIC, and now BRICS, has evolved from an abstract format into an influential forum in the international arena and it has become not just a manifestation of globalization, but increasingly a key control lever of global processes. ![]() This, in turn, will feed the overarching aim of creating a stable operating framework for BRICS for the coming decades and simultaneously lead to expected cooperation and collaboration which can be developed within the BRICS framework. In this article we highlight the issues addressed by various stakeholders within and outside BRICS. BRICS framework is a new experience of collective leadership that civilization develops within globalization environment. BRICS has evolved from an abstract format into an influential forum in the international arena. ![]()
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