Walden Bello, one of the Left’s foremost intellectuals, delivered these remarks on the future of global power at the Rosa Luxemburg Stiftung’s New York office. Brazil, Russia, India, China, and South Africa—the large emerging economies of the Global South known as the BRICS—are challenging U.S.-led neoliberal hegemony, but can they find strategies that allow them […]
Tags: bello, bricsEven before the outbreak of the financial crisis, the BRICS countries had started working together. In contrast to the Global North, these “locomotives of the South” enjoy high growth rates, boast extensive natural resources, and have large, young, and educated populations. How do their economic ascendancy and mutual cooperation affect global power relations and geopolitics? Is the dominance of the North coming to an end?
Tags: brics, neoliberalism