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Journal : Unnes Political Science Journal

The BRICS+ Expansion, Global Trade Dynamics, and the Dedollarization Phenomenon Lee, Brice Tseen Fu; Sims, Juan Pablo
Unnes Political Science Journal Vol. 8 No. 1 (2024)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/upsj.v8i1.4432

Abstract

This paper delves into the transformative role of the expanded BRICS bloc, referred to as BRICS+, in the evolving global economic landscape and its implications for dedollarization. The inclusion of nations such as Ethiopia, Saudi Arabia, Iran, Egypt, and the UAE diversifies the bloc's economic and geopolitical reach, extending its influence into new regions like Africa and the Middle East. The study underscores the potential of BRICS+ as a catalyst in the dedollarization narrative, driven by the desire for economic autonomy, geopolitical strategies, and hedging against U.S. dollar volatility. The analysis further explores the intricate relationship between the BRICS+ expansion, global trade dynamics, and dedollarization. The paper concludes by emphasizing the potential of the BRICS+ bloc to reshape global trade dynamics, influence trade policies, establish new trade routes, and foster regional connectivity, all while advancing the agenda of a more diversified and multipolar economic world order.
Nusantara's Northern Neighbors: Brunei, Sabah, Sarawak, and the Prospects of a Pan-Borneo Railway in ASEAN Lee, Brice Tseen Fu; Sims, Juan Pablo; Ouyang, Hanzhen; Komšić, Filip; Bettani, Salman Ali
Unnes Political Science Journal Vol. 8 No. 2 (2024)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/upsj.v8i2.12129

Abstract

Borneo, the world's third-largest island, presents a unique intersection of diverse ecosystems and indigenous cultures set within the complexities of Southeast Asia's socio-economic and geopolitical fabric. This research delves into the developmental trajectories of Sabah, Sarawak, and Brunei, emphasizing their historical resource endowments and contemporary challenges. Positioned against the backdrop of Indonesia's Nusantara initiative, which seeks to galvanize Kalimantan's growth, this study articulates strategic pathways for the northern territories. Drawing from comprehensive evaluations, it bridges the existing literature gap by integrating analyses of critical resources, exploring the viability of the Pan-Borneo Railway, and examining its potential impacts. Moreover, it provides comparative insights with other regional transport projects and underscores Borneo's potential transformation into a pivotal trade nexus. The study culminates by highlighting how fortifying Northern Borneo's capabilities could reciprocally amplify Kalimantan's regional prominence. The research underscores the need for collaborative imperatives and strategic integration.