BRICS AND THE TRANSFORMATION OF GLOBAL ORDER PAKISTAN'S STRATEGIC ROLE, DE-DOLLARIZATION IN THE EMERGENCE OF MULTIPLEXITY (2009–2023)

Abstract

After experiencing the cold war and the war against terrorism, the world has modified in a new direction since the Arab Spring erupted in the Middle East, and countries have had to modify their internal and external affairs. This research examines the major events from 2009 to 2023. But the focus on the development is BRICS, this study will discuss the main reason of establishment of the new organ and what it is considered be against the supremacy of America’s dollar in the world. This research will move around the prediction that the world is gradually moving toward a multipolar world order.  Why are countries interested in experiencing a new order world and get fed up with the existence of superpowers? This research discusses the entire scenario of the opportunities, challenges, and significance of this emerging power around the globe to further develop a deep understanding of the significant role of Pakistan in this situation. As CPEC, China-Pakistan Economic Corridor, is the major essential part of BRI, Belt and Road Initiative. No one can neglect the strategic importance of Pakistan. Not in the past, but the future of the world also moves around the location of Pakistan. While the constructive approach is the main theory to elaborate on in this premise further action, qualitative and quantitative methods are the main tools of this research.

Keywords:  China, America, Pakistan, dollar hegemony, multilateral world order and De dollarization.