Archives Brazil - Page 4 of 4 - New Eastern Outlook

Russia and China have long been struggling to establish a new world order, an order that will not have the West as its centre and the US dollar as the main currency shaping the global economic system. The new world order will be multipolar. Within this order, it will be possible to trade without USD. But while multipolarity and non-USD currency arrangements indicate some of the key features of the new order – and they are very important – they are not by themselves the mechanisms that could potentially yield a new world order. For a new order to become possible…

Since it’s establishment in 2008, the BRICS forum, in the absence of economic, political or geographical dominance by any of the participating countries, has created comfortable and parity conditions for cooperation between states, steadily deepening it between countries located in different parts of the world on different contingents, in different hemispheres...