De-dollarization and global sovereignty
BRICS’ quest for a new financial paradigm
Bibliographic Data
| ID | 12979157 |
|---|---|
| Authors | Theryn D Arnold (0009-0000-4854-7329, McMaster University, corresponding author) |
| Year | 2024 |
| Volume | 18 |
| Issue | 1 |
| Pages | 78-83 |
| Publication date | 2024-08-16 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Human Geography (JOURNAL) |
| Journal identifiers | ISSN: 1942-7786 • E-ISSN: 2633-674X |
| Publisher | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.1177/19427786241266896 |
| OpenAlex | W4401641532 |
| Language | EN |
| Citations received | 5 |
| References cited | 9 |
This paper argues that the Brazil, Russia, India, China, and South Africa (BRICS) de-dollarization movement represents a significant shift away from the hegemonic influence of American finance, which is crucial for empowering liberation movements in the Global South. Historically, the dominance of the U.S. dollar as a global currency has restricted collective action by centralizing economic power. By reducing reliance on the dollar, BRICS nations aim to foster a new financial paradigm that supports left-wing revolutionary projects, enhancing their financial sovereignty, and enabling more equitable economic frameworks. This shift could potentially redefine global financial interactions, offering a fresh model for economic transactions that bypass traditional Western financial systems
Business · Economics · Financial system · International economics · International trade · Political science · Politics · Sovereignty · Global Financial Crisis and Policies · International Development and Aid · Law · State Capitalism and Financial Governance
BRICS ve BRICS+ Ülkelerinde Mal ve Hizmet Ticareti ile Ekonomik Büyüme Arasındaki İlişki
When agency meets the Global South
Institutional barriers and pathways to RMB internationalization in a dollar-dominated global financial system
Wall Street in China
The evolution of financial architecture supporting the BRICS
| Citations per year | 5 |
|---|---|
| Citation span | 2025 - 2026 (2) |
| Highly cited | No |