The BRICS, association of five major economies of the world i.e., Brazil, Russia, India, China and South Africa, is a clear signal for the re-odering of the world economy and the geo-political power balance in the modern world. The dominance of the western countries must be checked and an internationally accepted monetary regime free from the clutch of a country-specific currency like dollar must be developed. The charter of the UN must implemented in true spirit of term. The long delaying of the reforms in UN can be compensated by BRICS. The sovereignty of many small Asian and African countries are at stake at the hand of the two-century-old hegemony of the West over the modern world.
from: Shashikant Nishant Sharma
