BRICS: New Geo-Economics for a New Geopolitical Era
摘要
The Chapter BRICS: New Geo-Economics for a New Geopolitical Era examines the evolution and growing significance of the BRICS grouping as both a geo-economic and geopolitical force in the twenty-first century. Initially conceived as a framework for cooperation among leading emerging economies, BRICS has steadily evolved into a cohesive platform challenging the Western-centric international order. Olga Volosyuk highlights how, in response to economic marginalization, BRICS members sought to reform existing institutions while simultaneously developing their own, most notably, the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA). Particular attention is paid to the period after 2022, during which BRICS states ‑ despite internal differences ‑ refused to isolate Russia, challenging the Western narrative of global consensus. Through detailed analysis of UN voting patterns, coordinated economic strategies, and public diplomatic statements, the text demonstrates how BRICS members increasingly align on issues of global governance, sovereignty, and development financing. The chapter argues that BRICS now serves as a symbol and instrument of a broader post-Western transformation in global politics. While acknowledging the group’s internal divergences, the chapter concludes that BRICS’s ability to maintain coherence and project a unified stance on core issues has established it as a central pillar of a new global paradigm.