In the grand mosaic of global affairs, where threads of power once tightly woven by a few dominant hands now fray under the strains of multipolarity, a new pattern is emerging. Great-power rivalries, prolonged conflicts, climate crises, and institutional inertia expose the limitations of the post-World War II order. Yet, amid this turbulence, the Global South is no longer a passive observer but an active artisan, reshaping the fabric toward greater equity and inclusion. The rise of multipolarity—marked by the expansion of platforms like BRICS, South-South cooperation, and calls for fairer representation in global governance—offers a profound opportunity
Tag: Global South
Social Capitalism: A Theoretical Commentary
Can “capitalism survive” and “socialism work” individually? These two hypotheses and discussions travel among economic debates around the world. Austrian Economist Joseph Schumpeter’s work in entrepreneurship and innovation signifies the deviation from traditional or conventional methods of economic activities, particularly in terms of trade and increased quality of life. This article draws attention towards the global thought of social capitalism; and enables enthusiasts in economic affairs and international relations to understand the theoretical overview of this distinctive concept.
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.