NEW DELHI, July 8. /TASS/. The United States is unable to cope with the growing number of new challenges in the world, Professor at the School of International Studies of Jawaharlal Nehru University in New Delhi Arun Mohanty told TASS First Deputy Director General Mikhail Gusman on Wednesday.

"One of the key objectives of BRICS is to transform the current unipolar global political and economic order. It is not an easy task. Nevertheless, there have been changes in the global order over the years. US-led global order is unable to cope with the growing number of new problems in the world," Mohanty said.

"It has been found that nearly two decades of unipolar world have witnessed more conflicts and much more threats to world peace than four decades of the bipolar world. The hegemon does not have enough resources and power to stabilize the situation in the world at its terms. On the contrary, US hegemony has created a lot of today’s problems," Mohanty said.

"BRICS countries have vowed to transform the unipolar world order into multi-polar global order. They have achieved some significant success in their endeavor especially considering the fact that the association is barely 6 years since its first summit was held in 2009 in Yekaterinburg," the expert stressed.

BRICS is an association of five major emerging economies — Brazil, Russia, India, China and South Africa — founded in June 2006. The first official summit took place in June 2009 in Russia’s Yekaterinburg. Since then, meetings at the highest level are held annually in member-countries. The last summit took place in Brazil. On April 1, Russia accepted BRICS presidency.