WILL BRICS EMERGE AS A GUIDING FORCE IN THE 21ST CENTURY AN ANSWER IN LIGHT OF HISTORY

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Haq Wani, N. U., & Kaur Dhami, J. (2015). WILL BRICS EMERGE AS A GUIDING FORCE IN THE 21ST CENTURY AN ANSWER IN LIGHT OF HISTORY. Innovative Journal of Business and Management, 4(06), 120–122. https://doi.org/10.15520/ijbm.vol4.iss6.41.pp120-122
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Abstract

It has become the new fact of the twenty-first century that the Western world, we have known is fast trailing its ascendancy to be replaced by a new global system shaped by the so-called BRICS comprising Brazil, Russia, India China and South Africa. This is the way, how many historians, academicians, economists, and students of world politics are now viewing the prospects of the global system. This article does not argument the economic facts, nor does it presume that the world will look the same in 50 years time as it is now. It does, conversely, question the thought that there is an enticing ‘power shift’ from west to East. Purposely, it makes a number of decisive wiles pertaining to the new tale. Firstly, what is obviously changing in the world and what is underestimated. Secondly, it is accurate that many new economies are pretentious in the world economy, but their careful examination is must and when such an examination is undertaken, it becomes increasingly clear that the rise of BRICS is a daunting challenge to western world.

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