BRICS: IS IT A SEARCH FOR AN ALTERNATIVE ORDER?

In the post-Cold War World order, the US enjoys a hegemonic position and the international system appears to be a unipolar one, yet the general structure of the system also includes multi-polarity characteristics. According to this latter point, with economic development some countries show a clear dissatisfaction with the hegemonic character of the US-led world order – among these states the BRICS (Brazil, Russia, India, China and South Africa) countries are the most vocal dissatisfied members of the international system. The BRICS countries, with a demand for a more solid floor in the global governance system, have not been able to benefit from the US-led global organizations including the World Bank (WB) and International Monetary Fund (IMF) and to counterbalance them BRICS countries established New Development Bank (a rival to the WB) and the Contingent Reserve Arrangement (against the IMF). With these and many other instruments the BRICS countries challenge the US-led world order and to make this conclusively and break the US influence on the system they want to expand their cooperation among each other. The study examines such endeavours