Addressing the economic and political rise of the BRICS countries through neoliberal international relations theory

Abstract

The global system in the 21st century is facing new challenges from globalization and increasing economic and political interconnectedness. The international institutions tasked with coordinating the global economic and political systems have not changed with the shifting of global power dynamics. The emergence of the BRICS (Brazil, Russia, India, China, and South Africa) as a growing economic and political grouping is challenging the Western prominence of these institutions. This thesis utilizes neoliberal theories and methodologies in international relations to evaluate the unique rise and cohesion of the BRICS as an economic and political grouping and the implications they have on the global system. The findings will advocate the need for further study and scholarship on the BRICS themselves, but also on the future roles of institutions in the global system. Policy development in addressing future global challenges cooperatively through institutions will be needed by both the West and the BRICS.