Brazil and BRICS Plus in the new phase of multipolar (de) globalization

Abstract

This article analyzes the geopolitical and economic transformation driven by the BRICS and its expansion into BRICS+. The BRICS, composed of emerging economies and influenced by the Goldman Sachs report, established the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA) as alternatives to the World Bank and IMF. Cooperation between Russia and China intensified following Western sanctions and the war in Ukraine. The article also discusses social inequality within BRICS+ and the bloc's limitations in confronting the New World Order and imperialism. It concludes that BRICS+ still operates within the confines of global capitalism, offering few substantial solutions to the challenges of labor and environmental exploitation.