Rising powers, global capitalism and liberal global governance: a historical materialist account of the BRICs challenge/
Matthew D. Stephen
- 2014
This article analyses the phenomenon of rising powers from a historical materialist perspective. It elaborates the key concepts of historical structures of world order, state-society complexes and transnational class formation, and applies them to Brazil, Russia, India, China and other so-called 'rising powers' to account for the nature and extent of the challenge they pose to the existing institutions of global governance.