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Panda, Jagannath P. --- "BRICs, China and the Emerging World Order: Is the PRC Writing a New Global Script?" [2012] ELECD 927; in Wouters, Jan; de Wilde, Tanguy; Defraigne, Pierre; Defraigne, Jean-Christophe (eds), "China, the European Union and Global Governance" (Edward Elgar Publishing, 2012)

Book Title: China, the European Union and Global Governance

Editor(s): Wouters, Jan; de Wilde, Tanguy; Defraigne, Pierre; Defraigne, Jean-Christophe

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781781004265

Section: Chapter 20

Section Title: BRICs, China and the Emerging World Order: Is the PRC Writing a New Global Script?

Author(s): Panda, Jagannath P.

Number of pages: 14

Extract:

20. BRICs, China and the emerging
world order: is the PRC writing a
new global script?
Jagannath P. Panda

THE PREMISE

The phenomenon of the emerging economies of Brazil­Russia­India­
China (BRIC)1 has driven the academic and policy debate as to whether
these largest of the emerging markets of the world could translate their
embryonic economic clout into larger geopolitical influence. If the answer
is in the affirmative, is the rise of BRIC a prelude to a `multipolar' ­ world
order? In this context, multiple terminologies like `non-polarity' (Haass,
2008), `post-American world' (Zakaria, 2008), `decline of the West'
(Spengler et al., 1991) or the `rise of the rest' (Hoffenberg Amsden, 2001)
have become part of the global political literature (Glosny, 2009: online).
`Non-polarity' broadly implies here a system that is characterised by
`numerous centres of meaningful power'. Zakaria (2008) argues that while
the US still continues to dominate in terms of political-military power,
other countries such as India and China are becoming important powers in
a different sense and in other sectors. The phrase `decline of the West',
coined in 1918 by Oswald Spengler, has now become common currency.
The concept of `rise of the rest' has been popularised by Alice Hoffenberg
Amsden (2001). An article in Foreign Affairs (Hoge, 2004: 2) had noted
that `the transfer of power from West to East is gathering pace and soon
will dramatically change the context for dealing with international
challenges ­ as well as the challenges themselves'. In ...