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World Order Formats Compete for Supremacy
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The world order is shifting from the traditional G7/G8 format to competing formats like the Shanghai Cooperation Organization and the Brics+ group, which consist of emerging economies.
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World Order Formats Compete for Supremacy
The contours of the world order are changing, with the traditional G7/G8 format being challenged by competing formats like the Shanghai Cooperation Organization and the Brics+ group. The Brics+ group, which includes Brazil, Russia, India, China, South Africa, and several other members, is gaining prominence. The Shanghai Cooperation Organization, led by China, is also expanding its membership. This shift in the world order is being driven by the growing economic influence of emerging economies. The question now is which format will top the next world order.
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