The course examines ongoing developments in the international political and economic stage with regard to the emergence of new states, such as Brazil India and China. It focuses on the ways by which a range of emerging states have managed to substantially strengthen their positions at the world stage, thereby leading to a de facto re-organization of the system of global governance. It puts emphasis on the economic and political choices of these states during the last decades as well as the global environment that facilitated their emergence, assessing developments in international organizations and fora such as UN, WTO, G-20, the World Bank, etc.