THE NEW WORLD ORDER: BRICS AND THE PERSPECTIVE OF PAKISTAN

Abstract

After experiencing the Cold War and the war against terrorism, the world has modified in a new direction since the Arab Spring erupted in the Middle East, and countries have had to modify their internal and external affairs. This research examines the major events. But the focus of the development is BRICS. This study discusses the main reason for the establishment of the new organ and what it is considered to be against the supremacy of America’s dollar in the world. This research moves around the prediction that the world is gradually moving toward a multipolar world order. This will change the scenario. Why countries are interested in experiencing a new world order and get fed up with the existence of superpowers. This research discusses the entire scenario of the opportunities, challenges, and significance of this emerging power around the globe to further develop a deep understanding of the significant perspective of Pakistan in this situation. CPEC, the China-Pakistan Economic Corridor, is the major essential part of BRI, the Belt and Road Initiative. No one can neglect the strategic importance of Pakistan. Not in the past, but the future of the world also moves around the location of Pakistan.

Key Words: China, America, Pakistan, dollar hegemony, multilateral world order, and de-dollarization.