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BRICS: A New Framework for New South Inclusiveness

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  • Marcus Vinicius de Freitas

Abstract

This policy brief explores the transformative role of BRICS as a platform for Global South cooperation and an emerging alternative to Western-dominated governance frameworks. Established with a shared goal of reforming international institutions and addressing global decision-making imbalances, BRICS has evolved from an economic concept into a multifaceted alliance that spans finance, diplomacy, development, and security. As the global order shifts towards multipolarity, BRICS has positioned itself as a key counterbalance to the G7 and G20, advocating for financial sovereignty, inclusive growth, and a more equitable international architecture.

Suggested Citation

  • Marcus Vinicius de Freitas, 2025. "BRICS: A New Framework for New South Inclusiveness," Policy briefs on Economic Trends and Policies 2442, Policy Center for the New South.
    • Handle: RePEc:ocp:pbecon:pb025_25
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    File URL: https://www.policycenter.ma/sites/default/files/2025-04/PB_25-25_%20%28Marcus%20Vinicius%20De%20Freitas%29.pdf
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    References listed on IDEAS

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    1. Stephen, Matthew D., 2014. "Rising powers, global capitalism and liberal global governance: A historical materialist account of the BRICs challenge," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 20(4), pages 912-938.
    2. Stephany Griffith-Jones, 2014. "A Brics Development Bank: A Dream Coming True?," UNCTAD Discussion Papers 215, United Nations Conference on Trade and Development.
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