New Global Governance and International Transformations: discussing a new world order under a pluralist perspective

The world is passing through an era of global changes and transformations (financial crisis, pandemic, international conflicts). In recent decades, the discussion around contemporary global governance has become more prominent at international level. Throughout the globe, it can be observed an increasing manifestation of “players" unsatisfied with the performance of multilateral institutions. In this context of dissatisfaction and international tensioning, the platform of emerging countries has gained prominence. This scenario is aggravated when the crisis of multilateralism is more evident, making it relevant to revisit the debate on global governance, reflecting on which shape and institutionality is desired to establish the required mechanisms in accordance with the multidimensional demands in the international level in the rest of the 21st century.
From 2008 financial crisis, rising powers - as the BRICS grouping - began to move forward with their proposals for reforming the world order and the multilateral system based on more equitable access to its instruments and framework. The revision of global mechanisms, a continuous and recurrent demand from emerging countries, has faced several challenges denoting the crescent tensioning between East and West in the contemporary international scenario. On the one hand, the concept of "global governance" is one of the most popular among researchers from different countries; on the other hand, it has recently been increasingly criticized for its performance in relation to the needs of the global community.
At this stage, it is relevant to reflect on the following questions: regarding representativeness, how has the review of governance mechanisms progressed and which direction has this dynamic taken? What do the new institutions and initiatives (such as the BRICS+) represent in face of the Bretton Woods institutions, and how can a propositive agenda be designed for shaping a "new order"?
This panel aims to provide a contribution to the discussion on the crisis of the liberal world order and traditional mechanisms of global governance, by proposing a debate on the current international crisis in key regions of the world, focusing on whether the impacts of the emergent countries' initiatives could lead to a more stable and effective global governance system.