Emerging Markets: The Fourth Global Power

While traditional great powers like the United States and Europe have dominated global economic affairs for decades, emerging countries have since gained a strategic position, driven by their rapid growth, youthful and dynamic populations, and key roles in global production chains. The expansion of the BRICS for instance a sign of an international economic and geopolitical reshaping. Driven by a shared desire to challenge the hegemony of Western institutions, this heterogeneous coalition now brings together countries with varied economic trajectories, political systems, and diplomatic priorities. Therefore, is a common positioning on the world stage truly viable? Can emerging markets really establish themselves as a new global pole? Facing a multilateral system centred on the G7 and the Bretton Woods institutions, the BRICS seek to promote an alternative model based on sovereignty, contesting Western dominance, particularly the dollar, non-alignment, and new financial mechanisms. But what are the real levers for sustainable cooperation between these states – trade, finance, technology, diplomacy? And does this rising power represent an alternative, a threat, or an opportunity for global governance? Will the world organize itself as a confrontation between regional blocs?