Brics’ Bid for New World Order

ZIMBABWE INDEPENDENT
THE fifth summit of Brics (Brazil, Russia, India, China and South Africa) countries, the first in Africa, which ended in Durban yesterday gave further momentum to efforts by key representatives of emerging markets and the developing world to create a new global order.

Brics, an acronym coined by British economist and retiring chairman of Goldman Sachs Asset Management Jim O’Neill, wants to ensure a new trajectory in global economic development, while contributing to peace and security.

In the process, it seeks to contribute towards establishing a more equitable and fair world.

...Brics has also been urging faster movement on reform of institutions of global political and economic governance, while encouraging different forms of engagement to encourage global peace and security.

While it is important to analyse and critique the Brics initiative, there is need to support such initiatives to reform and redefine the global political, security and economic order to ensure progress.

Many countries around the world want a fairer and more equitable global economic and financial order to replace the one dominated by major developed economies, especially the US due to its control over global institutions, including the International Monetary Fund and World Bank.

So Brics’ strategic objective to help shape a more democratic, fairer, multipolar world, and ensure the United Nations plays the central role in world affairs is useful. China and Russia are permanent UN Security Council members.

And if India, Brazil and South Africa succeed in getting permanent security council seats, it will further bolster Brics’ position and influence while helping in the creation of a new global order.

Editor's note:  Apparently, the US is in the way of the fulfillment of the New World Order.  Perhaps North Korea and Iran and associated networks are the proxies to destroy the "Old Order".

See also:  2011:  BRIC States Call For Dumping The Dollar

               2010:  The Coming Chaos To Birth New World Order

               2008 World Bank chief urges G8 to act now as "world entering danger zone"