South Africa

The world is currently experiencing rapid and significant geopolitical shifts, with rising global powers like the BRICS Group leading the charge to recalibrate the balance of influence within the Global Financial System. The recent expansion of the BRICS Group, now including 10 nations following the accession of Egypt, Saudi Arabia, the United Arab Emirates (UAE), Iran, and Ethiopia, underscores their growing influence. This bloc is unwavering in its determination to challenge the dominance of the U.S. dollar and to overhaul a global financial infrastructure that it sees as deeply flawed. The BRICS nations argue that the current system, with its structural flaws, serves as a tool for exerting political and economic pressure and contributes to the fragmentation of economies and regions by weaponizing trade and financial constraints.   The BRICS+ nations acknowledge that Dollar Dominance is underpinned by entrenched factors, most notably, the U.S. military power and global confidence in the U.S. legal and regulatory frameworks. Nevertheless, these nations are actively exploring alternatives to reduce their reliance on the dollar, aiming to bolster their financial sovereignty. In pursuit of this goal, BRICS has ramped up efforts to reduce dependence on the dollar by employing innovative mechanisms. Chief among these is the proposal to issue a new, collective currency and establish a multilateral digital settlement and payment platform, dubbed as the “BRICS Bridge.” This platform is poised to foster greater trade integration among member states, particularly as some nations within the bloc, like Russia, face sanctions and exclusion from global systems such as the SWIFT System -The Society for Worldwide Interbank Financial Telecommunication-.   All eyes are now on the upcoming BRICS Summit, set to take place in October in Kazan. The summit is expected to showcase tangible steps toward implementing these initiatives, which could potentially redefine the structure of international trade and finance. The critical question remains: Will Russia and its BRICS allies break the dollar's stranglehold over the global financial order?

The FIFA World Cup in 2022 in Qatar garnered more attention from the international community due to Qatar's ability to change perceptions of it as a nation capable of hosting the biggest sporting events. Many countries have recently sought to host international sports events in an effort to enhance their posture diplomatically, improve their reputation as well as shore up their position within the international community. To that end, “Sports Diplomacy” has been used to achieve understanding and peace among nations and promote the countries’ political and ideological goals. On the other hand, countries exploited sports as an approach aiming at asserting the superiority and strength of the state; for instance, the 1936 Olympic Games were held in Germany, and the 1934 FIFA World Cup was held in Mussolini’s Italy. In other cases, sports played a more constructive role in the 1990s, representing an opportunity for South Africa to surpass the apartheid era and look forward to a better future. For China, sports have played a role in introducing an open policy and a more influential economy.   A state’s reputation is one of the key factors affecting its international relations, as it reflects its global image, influencing its recognition and interaction with other countries. With sports diplomacy, states could carry out several interests, such as boosting diplomatic ties with other states, raising the degree of understanding and cooperation among people and governments, and improving the state's public image globally. In other words, sports diplomacy is an effective tool for attaining diplomatic goals and promoting the state’s reputation worldwide. This analysis seeks to shed more light on the link between sports diplomacy and the state’s reputation and how the state’s stance in the international community is enhanced by sports diplomacy.