TY - CHAP
T1 - The international political economy of the BRICS in a changing world order
T2 - attitudes and actualities
AU - Li, Xing
PY - 2019/2
Y1 - 2019/2
N2 - The rapid global attention on Brazil, Russia, India, China, and South Africa (BRICS) was organically followed by the world financial crisis in 2008 with the decline of the hegemonic dominance of the US-led world order. The BRICS concept, like the concept of emerging market, is a product of the imagination of the international financial community. In many ways, BRICS is interpreted as a kind of “balancing coalition”. Apart from BRICS, other developing countries such as Argentina, Indonesia, Mexico, Saudi Arabia, and Turkey could be considered as second-tier powers because they are becoming successful “emerging markets” outside the group of traditional powers led by US hegemony. International relations and international political economy literature has concentrated on debating the contributions, challenges, and “instabilities” brought about by emerging powers, particularly China, to the existing US-led world order. The chapter also presents an overview of the key concepts discussed in this book.
AB - The rapid global attention on Brazil, Russia, India, China, and South Africa (BRICS) was organically followed by the world financial crisis in 2008 with the decline of the hegemonic dominance of the US-led world order. The BRICS concept, like the concept of emerging market, is a product of the imagination of the international financial community. In many ways, BRICS is interpreted as a kind of “balancing coalition”. Apart from BRICS, other developing countries such as Argentina, Indonesia, Mexico, Saudi Arabia, and Turkey could be considered as second-tier powers because they are becoming successful “emerging markets” outside the group of traditional powers led by US hegemony. International relations and international political economy literature has concentrated on debating the contributions, challenges, and “instabilities” brought about by emerging powers, particularly China, to the existing US-led world order. The chapter also presents an overview of the key concepts discussed in this book.
UR - https://www.routledge.com/The-International-Political-Economy-of-the-BRICS-1st-Edition/Xing/p/book/9781138579576
U2 - 10.4324/9780429507946-1
DO - 10.4324/9780429507946-1
M3 - Book chapter
SN - 9781138579576
T3 - The International Political Economy of New Regionalisms Series
SP - 1
EP - 17
BT - The International Political Economy of the BRICS
A2 - Li, Xing
PB - Routledge
ER -