Bridging Continents: Emergence of BRICS and Assumptions for New-World Order

Abstract

The aim of this study is to examine the connection between the bridging continents: emergence of BRICS and assumptions for New-World Order. The role of emerging economies in connecting the poles of world and making an alliance for trade and mutual-benefits. The soft power tactics and influential posture used by BRICS to reduce the dominance of dollar from third-world states. A qualitative methodology has been used in this paper. A qualitative analysis of the connection between different continents, the formation of BRICS and its impact on worlds economy and the theory of Multi-polarity, assissts the change in world order due to having paradigm shift. The results of this study shows that a great alliance has been created for de-dollarization and which have great impact over the worlds economy in contemporary period. This study recommends, paradigm shift in world order happens then the BRICS Development Bank would beat IMF and World Bank.