ABSTRACT
In a world of uncertainties, turbulence, and transition on an unprecedented scale and speed, it is difficult to predict the role of BRICS in reshaping democratic governance with a definite aim of undermining American and Western hegemony, on the one hand, and promoting intra-BRICS trade, investment, and sharing of resources, on the other. Coined as an acronym in 2001 by Goldman Sachs for the emerging economies worldwide, the BRIC(S) is likely to play a proactive role in transforming international architecture by changing the rules through multilateral and regional organizations as emerging economies having collective voice despite internal feuds. This chapter focuses on the question whether the members of the BRICS, who appear more as rivals than partners, can gain from the catchy acronym or whether it can provide a flexible forum for these emerging economic powers on the political front in order to deal with critical issues, such as climate change, terrorism, inclusive growth, poverty alleviation, human rights, peace, etc. The methodology adopted is analytical, conceptual, and empirical.
