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The development of formalised South–South linkages and alliances reflect a potentially interesting development in global governance as elites from the global South seek to project their nascent economic and political power vis-a`- vis their relationships with the developed world. However, there are limitations to these activities and it is premature to see them as reflecting a possible call for a revised New International Economic Order (NIEO). In fact, the policies and positions that key elites from the South are advancing reify neo-liberalism as commonsense and are hardly revolutionary. A revised Coxian/neo-Gramscian framework is deployed to construct a theorisation of such ongoing processes, with a specific focus on India, Brazil and South Africa Dialogue Forum (IBSA).
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