PERSPECTIVE| FES NEW YORK BRICS in Global Governance A Progressive Force? NIU HAIBIN April 2012  Given their expanding economic size and increasingly active diplomacy, BRICS countries are gradually gaining greater influence over the international decision-making process. Managing the influence of these emerging powers and reforming global institutions will become a decisive issue for a future effective global governance system.  The US and Europe should transfer some rights to the emerging powers for more contribution of financial resources to IMF. With the increasing diffusion of global power, any reform of international institutions would be impossible without positive cooperation between both established and emerging members.  The international community should encourage the five permanent members of the UN Security Council to offer emerging powers a non-permanent, but longer-term and more substantial standing on the Council. This would be a good way to preview emerging powers’ performance. Gradual changes to the Council may also be amenable and beneficial to China and Russia.  In general, an incremental approach with the mindset of cooperative stakeholders might serve BRICS better to transform the current world order peacefully and constructively.