The crisis of Northern capitalism and failure of hegemonic global governance have created a facilitative environment for post-hegemonic initiatives promoting South–South cooperation. Major Southern countries – especially the BRICS – have taken the lead in pushing for alternative governance mechanisms that are strongly articulated in the areas of economic, financial, cultural, and defense cooperation. This book focuses on the historical, political-economic, and geopolitical context in which major Southern countries implement a post-hegemonic agenda. Providing a global and comprehensive perspective through a series of focused case studies from Europe, Latin America, Eurasia, and Africa, the author develops a new approach to the multipolarization of world politics based on "global hegemony". Highly recommended for scholars, students, and activists involved in global political economy, regionalism studies, and international development, this book will be of interest to anyone seeking to develop their understanding of world politics and South–South cooperation.