Author: Kashif Manzoor
The author
is an internee at Pakistan Institute for Conflict and Security Study, Islamabad
December 6, 2015
Link: Voice of Journalists
It was a historical event,
when Brazil, Russia, India, China and South Africa formed their economic Bloc
named BRICS to counter traditional western supremacy. An iconoclastic economic
order which considered by some economists and scholars as a more
democratic and just multi-polar world order which is heterogeneous in nature.
Currently,
multi-polarity is emerging as a new world order due to the growing influence of
state and non-state actors at national, regional and international level. Actor
at the world stage, these are European Union (E.U), NGOS and non-state actors.
The prominent thing is that multi-polarity will shape the destiny of 21st
century.
If one
reviews the literature of economies of Asia and Europe from last 2000 years,
one will get to know that Asia was always to rule the world economy to some
extent. The findings of a survey conducted in 2001, reveals that the BRICS
economies would incorporate 10% of world GDP. Moreover, it is stated that BRICS
countries would overcome the GDP of the Group of Seven countries (G-7) by 2035.
Therefore,
West is viewing BRICS as a competitor to its status-quo. The yardstick on which
west is gauging BRICS as a threat is composed of both power factors; Hard Power
and Soft power.
Now the
question arises here is that what role BRICS will play to influence or shape
the regional and global politics. Its future role is dependent upon its
cohesion and collective decision-making capability. The Neo-liberal school of
thought, which is the main vision underlying BRICS clashes with the Western
liberalist thoughts.
BRICS
can be considered as a product of globalization. The BRICS bloc is folded into
two layers, one is economic and the other one is strategic. It is evident that
after 9/11, the four countries; Brazil, India, China, and Russia are emerging
in terms of economy and military and their growth rates surpassed the G-7
countries (United Kingdom, France, Germany, Italy, Japan, USA, Canada). On the
other hand, western countries have gone through enough disadvantage in terms of
economy and military during different wars i.e. Iraq war, Afghan War, War on
Terror (WoT).
National
interests are the fundamental factor which enforce states to cooperate with
each other. Likewise, BRICS has a critical role in bringing member states
closer to each other to due to their mutual interests. China, India and Russia
which are key members of this forums, can get economic and military impetus
through these kind of forums. China and Russia consider it important against
due to their mutual rivalry with US.
Moreover,
Brazil is also an important global player, playing its economic and political
cards very cleverly; neither accepts Chinese hegemony nor rejecting it. On the
other hand, it adapts a diplomatic and neutral posture towards various burning
issues i.e. Syrian crisis to avoid enmity of US and Russia. The member states
of BRICS are now widening its area of cooperation on other forums i.e. Shanghai
Cooperation Organization (SCO).
According
to Francis Fukuyama, history died after Cold War (CW), it should be kept in
mind that U.S. and China on global scale are arch-rival. US views China as a
threat to its regional and global hegemon. Chinese activism in Latin America
and emergence of Brazil as a regional power express US apprehensions.
Firstly,
we have to see what power is, which ultimately is defined as a structure of
hegemony: military power, economic power, and institutional power. Yet, in
military power, U.S. still is undoubtedly a military power in the globe.
According to SIPIRI, U.S. military expenditure accounted for about $ 700
billion in 2010, which made up 42 of the world share.
China’s
military aircraft carrier has been in the debate in U.S. foreign policy order.
They also held joint counter-terrorism exercises with Brazil and humanitarian
exercise with Peru. China’s military scale to Latin America is about 90% of
China’s weapons. China is co-operating with Brazil in satellite technology,
these are the signs to challenge U.S. military hegemony in Latin America.
In the
field of economy, the U.S. has been trying to strengthen its position through
the lost co-operation and trade. China’s growing relationship with Latin
America reveals China’s search for global power to establish a multipolar
world. The increasing economic interdependence between Latin America and China,
particularly the increasing dependency of certain Latin America and countries
on China’s market represents the dominant dimension of Chinese power in the
region. China peruses track II diplomacy, for its policy to peruse
institutional power in Latin America.
There
are so many events in the history, but when we look back to recent history,
first, 2001 represent the end of unipolar setup and the rise of a multipolar system.
To begin with, the terrorist attacks on the World Trade Center, shocked the
world, and the U.S. that saw itself as untouchable showed elements of
vulnerability. Second, in November 2001, China was admitted to the world trade
organization (WTO), observing the entry of the greatest Asian economy in the
world economic setup. Third, it is 2001 that it is considered as the first year
of the Asian century. Fourth, the BRIC idea was instituted that same year by
Goldman Sachs, expert James O’Neill, with a specific end goal to support
interest in rising economies.
BRICS
presents a challenge to American policy makers, to develop a coherent U.S.
response to multi-polarity and to debate the rise of BRICS and
re-structure the policy debate from China vs U.S. competition to multi- lateral
processes of institutional reform. U.S. government, especially Obama
administration, feels pressured to develop a response to BRICS.
In the
20th century, 1991 was a year herald for unipolar order, yet in 21st century
9/11 changed the course and 2008 melt down stated that it was time to
acknowledge the multi-polar world order. The story traced back to the recent
past, the year 2001 symbolizes the definite end of the American unipolar
moment. World economies are increasingly getting interdependent, this happens
frequently due to the charisma of globalization. To be more exact, the
structure of the world is extremely complex because all actors inevitably
intertwined in multiple layers of the system.
Surprisingly,
American decline is not an illusion but it must be understood in relative
terms. Yet, the question arise who challenges Western hegemony. The answer is
BRICS. It is becoming multi-polar with the emergence of China, India, Brazil,
and South Africa.
The
American unipolar moment certainly has ended. BRICS are striving for political
influence, therefore challenging traditional Western donors such as EU. It is a
ubiquitous truth, 21st century is age of multi-polarity and it will create
interdependence in every aspect. On 16th June 2009, BRICS countries’ heads of
state, at a meeting at Yekaterinburg, Russia, stated a new slogan “a more
democratic and just multi-polar world order.”
Today,
with the presence of new actors, new world stage like BRICS and EU; the world
remains the unique global power. The vital ingredient would be BRICS bank
initiative. This bank is an active tool to improve global economic governance.
More centralized states are able to sustain the challenges of globalization
than more pluralistic states. autocracy in confusions China , Russia, and
Persian gulf, theocracy in middle east, tyranny in Africa, popular leadership
in Latin America.
These
all regimes are challenging the notion of Western Liberalism, concepts of
sovereignty, justice, freedom and freedom of exploitation. If the BRICS goes
along well with justice peace and opportunity to all; certainly it will become
a potent, legitimate and just economic actor in the fragile, injustice and
exploitive prevailing economic order.
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