Journal of Economics and Social Sciences
Vol. 2 No. 2 (2023): Emerald Journal of Economics and Social Sciences

BRICS SIX AND THE HEGEMONIC STABILITY THEORY

Dani Setiawan (UIN Syarif Hidayatullah Jakarta)
Muhammad Salim Alatas (UIN Syarif Hidayatullah Jakarta)
Nathaniela Dinda Azalia (UIN Syarif Hidayatullah Jakarta)



Article Info

Publish Date
29 Oct 2023

Abstract

This research is focusing to identify BRICS SIX as a potential hegemon in the form of institution rather than a dominant country in the theory of hegemonic stability. Singular dominant power in the political, economic and military according to hegemonic stability theory can ensure the stability of the international system. Surely this gap is fruitful to understand more regarding the United States dominant power are being challenge by the BRICS SIX member countries as a multipolar in terms of hegemonic stability. By using a qualitative method, this research finds that China is the dominant power economically within the BRICS, yet the power are being transmitted to multipolar towards the member country. For example, the new gold standard of the BRICS, are proposed to the global world as an institutional rule, rather than promoting China renminbi.

Copyrights © 2023






Journal Info

Abbrev

emerald

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Emerald Journal of Economics and Social Sciences is open access, peer-reviewed journal dedicated to publishing original research papers on economics and business. This journal is likewise committed to making the articles it publishes available to international academicians, researchers, ...