President Putin brought together leaders of many Third World nations in the recent trending summit of BRICS organised in Kazan, Russia. All of them affirmed the need to fight against Western imperialism and the tools of the same, like SWIFT, IMF and World Bank and the requirement of a new financial system. Finance is the lifeblood of the global economy. As long as it is dominated by the US Dollar, nations will be forced to be subservient to the US.
Tag: Brazil
We are Shifting Towards a Multipolar World
The landscape of international politics is constantly changing and posing a serious challenge to the existing global order for the last three decades. The emerging role of the different middle powers is key to shaping the power dynamics and has reduced the relative power of the U.S. and opened up the scope for emerging economies like China, India, South Africa, and Brazil. Robert Gilpin, a scholar of the Realism school, opined that the global order is a dynamic reflection of shifting power dynamics among states, historically marked by conflicts and restructuring the power equations.
Christ Good Shepherd Church Attack is another example of Religious Extremism
The suburbs of Wakeley in Sydney faced a state of mayhem and disarray on Monday due to the protests caused by the attack on The Assyrian Christ Good Shepherd Church. The bishop and the priest were attacked by a 16-year-old boy during a mass that was being live-streamed. At least four people have been reported to have suffered “non-life threatening” injuries and the attacker was also hurt. This comes just two days after the mass attack in a shopping mall in Sydney. The police there is labelling this case as “Religious extremism” and thus a terrorist attack. As of now, the boy (attacker) has been hospitalised for finger injuries. The New South Wales Police took the decision of treating and investigating this case as a Terrorist attack on Tuesday.
BRICS is the Cure for Bitterness between India and China
BRICS (Brazil, Russia, India, China, and South Africa) is one of the major platforms of the five emerging economies, aiming at promoting peace, security, inclusive development and cooperation. The platform represents 43% of the world’s total population and 30% of the global Gross Domestic Product (GDP). Since its establishment against the backdrop of the 2008 global financial crisis, as a potential alternative to G7 platform. The BRICS has grown substantially as an effective platform to articulate views of countries in the Global South as at least one country is present from every different continent across the region. Economy, being in focus point of the grouping, the initial decade of BRICS has advanced coordinated policy initiatives in the field of global economic governance.