Global South gaining agency

Southern solution: With its New Development Bank, Brics is realistic enough to know that while World Bank and IMF reforms are necessary, so is making plans of its own. — Brics

THE recent Brics and Asean summits have been important milestones towards greater global and regional multipolarity, despite sceptics still failing to appreciate it.

They either fear the muddled uncertainties they imagine in the approaching changes, or hold contempt for any country or cohort daring to upstage a dominant West. Their anxieties are typically expressed in panic or denial.