BRICS Expansion and De-Dollarization: Implications for Pakistan in a Multipolar World Order Introduction The post–Cold War unipolar world order, dominated largely by the United States and Western institutions, is undergoing a visible transformation. The expansion of the BRICS bloc and the growing debate on de-dollarization represent a critical shift toward a multipolar global system. For developing countries like Pakistan, this evolving order presents both strategic opportunities and complex challenges. Understanding these dynamics is essential for Pakistan’s economic resilience, foreign policy recalibration, and long-term stability. Background: BRICS and the Rise of Multipolarity BRICS—initially comprising Brazil, Russia, India, China, and South Africa—emerged as a platform for emerging economies seeking greater representation in global decision-making. In recent years, the bloc has expanded by inviting new members from Asia, Africa, and the Middle East, reflecting a shared dissa...
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