Brazil, Russia, India, China and South Africa (BRICS)

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  • BRICS Countries in Global Value Chains

    The picture of the post-crisis world is shaped by the paradigm shifts about the sustainability of national development as a globally integrated co-development and as a necessary condition for national security and defence. Each state faces the steep task of developing new effective foreign economic policy, replacing the former export-oriented and protectionist import-substituting strategies. Such policy changes primarily concern the BRICS countries, including Russia and its place/role in expanding international trade in intermediate goods and services.

    November 2019

    BRICS: A Limited Role in Transforming the World

    The emergence of BRICS is a reflection of the economic power shift from the north to the south. BRICS cooperation is driven by their shared identity as emerging economies. BRICS will play a bigger role in reshaping the world economic order through reform of the existing international institutions and within the framework of G20. It is in no way aimed at toppling the existing world order or forming an anti-West bloc.

    November 2019

    Shifting Strategic Focus of BRICS and Great Power Competition

    This article builds on extensive debates on the role of BRICS in world order. But instead of focusing on BRICS’ impact on the world order, the article takes a different methodological approach. It traces how much the evolution of BRICS’ rational was prompted by changes of the international system and Russia’s and China’s grand strategies. The key finding is that the BRICS does not determine major world developments, but acclimatizes to the evolving international situation.

    November 2019

    The BRICS in the Era of Renewed Great Power Competition

    The BRICS are at a turbulent crossroads as renewed great power competition intersects with countervailing tendencies in the emerging multipolar arena. Their success depends avoiding the external costs and domestic pathologies generated by great power friction. Emerging multipolarity provides opportunities for manoeuvre, but only if outsized China accommodates the other BRICS as it competes against the United States. The BRICS’ strongest common aversion concerns American hegemony and its weaponization of finance.

    November 2019

    BRICS and Sovereign Internationalism

    The article outlines four types of globalism contending for hegemony today. The struggle of what effectively represents different types of international order is one reason why international politics today looks so disordered. The BRICS association is firmly located as part of one of these orders, that of sovereign internationalism, but is challenged by the disruptive implications of the Trumpian mercantilist order. BRICS and its members as a result are drawing closer to the liberal internationalist model.

    November 2019

    Tazir asked: What is the fundamental difference between IBSA, BRICS and BASIC?

    Raviprasad Narayanan replies: There is no palpable difference in these expressions of multilateralism. They could be interpreted as multilateral ‘groupings’ striving to go beyond the straitjacket of existing institutions like the United Nations and its cabalistic attitude to international security.

    Dhruv Singhal asked: What benefit does an organisation like BRICS bring for India in ensuring food security and countering health related risks?

    Chithra Purushothaman replies: Non-traditional security issues facing developing countries including food security and health challenges, all of which require a coordinated international response to arrive at both short-term and long-term solutions, are of high priority for the BRICS (Brazil, Russia, India, China and South Africa) countries. Comprising more than 42 per cent of the global population, the BRICS countries have been fighting against hunger and undernourishment for several decades.

    Aman asked: How the operation of Asian Infrastructure Investment Bank (AIIB) by China differs from that of BRICS Bank? Why is China keen to develop such a bank in addition to BRICS Bank?

    Jagannath P. Panda replies:Operationally, both the AIIB and the New Development Bank (NDB) of the BRICS differ from each other in their structure and functionality. Both are yet to evolve as credible international banks. Their membership composition, areas of focus, structures, and operational and financing patterns make them different from each other.  

    Talking Heads: Modi in Ufa

    Modi would find the Eurasian dynamics at odds with his vision of containing China along with the United States. He will have to display pragmatism for building greater convergence with China and Russia.

    July 08, 2015

    Akriti Dharendra asked: What is the future of WTO & Bretton Woods Institutions in the light of the establishment of BRICS Bank & the emergence of multilateral agreements like TPP & RCEP?

    Jagannath Prasad Panda replies: The establishment of BRICS Development Bank is a progressive aspect of the world politics which indicate that the influence and economic clout of developing countries or emerging economies is on ascendancy. BRICS began with an economic mandate, advocating a transparent and an equitable global governance process in favour of the developing world, and to bring parity between the North and the South.

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