The BRICS in the New Global Economic Geography

Abstract

The architecture of global governance is made up of intergovernmental global and regional organizations as the inner core of formal multilateral machinery; informal but functionally specific and single-problem oriented institutions such as the Proliferation Security Initiative; and a 'soft' layer of informal, general-purpose institutions such as the myriad of 'G' groups which "serve as consensus incubators and direction-setters, not direct action decision-makers." 1 They can range from G zero-a world in which no country exercises hegemonic power or influence-to G1, a unipolar world. In recent times there has been much talk of a possible G2, meaning the United States and China, and some talk of a possible G3 (with either the European Union, EU, or India being the third member). Show more