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How Are Emerging Powers Influencing the Future of Global Governance Structures?

New and powerful countries, like Brazil, India, China, and South Africa—together known as BRICS—are changing how the world is governed.

  1. More Involvement:

    • BRICS countries make up over 40% of the world's population and contribute 25% of the world’s economy.
    • They have a strong voice in groups like the G20, where they represent about 70% of the members. This means they play a big part in important decisions.
  2. New Options:

    • Groups like the New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB) are alternatives to older institutions like the IMF and World Bank.
    • These new banks show that BRICS countries are unhappy with how much power Western countries have.
  3. Changing Ideas:

    • BRICS countries bring new thoughts to important issues like climate change and trade. They focus on the importance of their own nations and development instead of always following Western rules.

These changes are making the world more balanced, affecting how policies and rules will be made in the future.

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Click HERE to see similar posts for other categories

How Are Emerging Powers Influencing the Future of Global Governance Structures?

New and powerful countries, like Brazil, India, China, and South Africa—together known as BRICS—are changing how the world is governed.

  1. More Involvement:

    • BRICS countries make up over 40% of the world's population and contribute 25% of the world’s economy.
    • They have a strong voice in groups like the G20, where they represent about 70% of the members. This means they play a big part in important decisions.
  2. New Options:

    • Groups like the New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB) are alternatives to older institutions like the IMF and World Bank.
    • These new banks show that BRICS countries are unhappy with how much power Western countries have.
  3. Changing Ideas:

    • BRICS countries bring new thoughts to important issues like climate change and trade. They focus on the importance of their own nations and development instead of always following Western rules.

These changes are making the world more balanced, affecting how policies and rules will be made in the future.

Related articles