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In the practice of international relations, states can pursue different combinations of foreign policy strategies at different systemic levels. The positions of Southern regional powers such as Brazil, on the one hand, between the centre and periphery of the current world system and, on the other hand, at the nexus of international and regional politics, demand particularly complex foreign policy strategies. Strategic approaches have to consider at least three contextual factors: firstly, the continuing superiority of established (the United States) and emerging (China) global actors in terms of material power; secondly, the fact that regional and global affairs are increasingly interrelated; and thirdly, the fact that foreign policy strategies are mapped out against the background of an international system moving from a unipolar to a multipolar order. I argue that Southern regions and their leaders will play a pivotal part in the course of that global transformation as well as in the future world order. The purpose of this paper is to discuss Brazil's strategic foreign policy options after unipolarity. To approach this task, a top-down approach starting at the global level seems most promising. First, I will discuss the potential transformation of the international system and the middle-power role of Brazil in the course of that process, especially with regard to its role in the G3, or India, Brazil and South Africa. Second, I will locate Brazil in its region, analyse its relations with secondary power Venezuela, and ask for strategic options at the regional level. Third, the conclusion will stress the increasing interrelatedness of global and regional affairs, pointing out strategies applied by Brazil in order to become a decision maker in a future multipolar world. [ABSTRACT FROM AUTHOR]