China, BRICS and the Evolution of the Institutional Order of the Global Economy

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MIRTORABI SAEED; Fallah Mehrdad

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Journal Paper

Paper Information

Journal: INTERNATIONAL POLITICAL ECONOMY STUDIES Year:2022 | Volume:5 | Issue:2 Page(s): 415-466

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Information Journal Paper

Title

China, BRICS and the Evolution of the Institutional Order of the Global Economy

Author(s)

MIRTORABI SAEED | Fallah Mehrdad

Keywords

China

BRICS

BRICS Plus

global economy

emerging powers

Abstract

Cooperation among Brazil, Russia, India, China and South Africa (BRICS) has been increasing since the first BRICS meeting (Brazil, Russia, India and China) in 2006, and this group has gradually gained a more important position in the field of international economic issues. In the BRICS group, despite being limited, the members along with China have tried to counter the global hegemonic financial institutions by establishing new financial institutions in the frame of BRICS, One-Belt-One-Road. This study attempts to examine the role of growing China in BRICS and how to change the governance of the global economy and the potential of its independent initiatives for the impact of BRICS on the global economy. On the other hand, China is considered an emerging power that is rapidly improving its position in the international economic order. In such a way that it is likely that this country will become the future hegemonic power of this area. his article tries to answer the question: How did China use BRICS to transform the world economic order in 2009-2020? This paper will show that the diversity of BRICS members limits the use of their potential to change the governance structure of the global economy. It is important to note that the economic policies and internal interests of China, India, and other members of the BRICS are different, and this makes them have different preferences and positions in the international system.

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APA: Copy

MIRTORABI, SAEED, & Fallah, Mehrdad. (2022). China, BRICS and the Evolution of the Institutional Order of the Global Economy. INTERNATIONAL POLITICAL ECONOMY STUDIES, 5(2 ), 415-466. SID. https://sid.ir/paper/1034771/en

Vancouver: Copy

MIRTORABI SAEED, Fallah Mehrdad. China, BRICS and the Evolution of the Institutional Order of the Global Economy. INTERNATIONAL POLITICAL ECONOMY STUDIES[Internet]. 2022;5(2 ):415-466. Available from: https://sid.ir/paper/1034771/en

IEEE: Copy

SAEED MIRTORABI, and Mehrdad Fallah, “China, BRICS and the Evolution of the Institutional Order of the Global Economy,” INTERNATIONAL POLITICAL ECONOMY STUDIES, vol. 5, no. 2 , pp. 415–466, 2022, [Online]. Available: https://sid.ir/paper/1034771/en

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