The BRICS and the Financing Mechanisms They Created
The BRICS and the Financing Mechanisms They Created

Author: Paulo Nogueira Batista Jr.

Publisher: Anthem Press

Published: 2021-10-12

Total Pages: 110

ISBN-13: 183998208X

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The book provides an assessment of BRICS cooperation, focusing on the new financing mechanisms created by the BRICS, the monetary fund and the development bank. It is shown that Brazil, Russia, India and China, joined later by South Africa, share common traits that led them to cooperate in the reform of the international financial architecture, especially the G20 and the IMF. After 2012, in light of the difficulty of having advanced countries agree to move from “tinkering at the margins” to fundamental reform of the Bretton Woods institutions, the BRICS decided to establish their own monetary fund, named the BRICS Contingent Reserve Arrangement (CRA), and their own development bank, named the New Development Bank (NDB). The book describes the difficult negotiations among the BRICS between 2012 and 2014. Some of these difficulties revealed the weaknesses that would lead the CRA and the NDB to make slow progress in the first years of their existence. The book provides an overview of the strong points and weaknesses of the initial phase of these financing mechanisms. It ends with a discussion of the future of the BRICS, highlighting that joint action by the five countries is likely to remain an important feature of the international landscape in the decades to come.

The BRICS in International Development
The BRICS in International Development

Author: Jing Gu

Publisher: Springer

Published: 2016-09-29

Total Pages: 268

ISBN-13: 1137556463

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This book offers a comprehensive comparative perspective on the increasingly significant development cooperation activities of the BRICS. Providing a powerful set of insights into the drivers for engagement within each country, it brings together leading experts from Brazil, Russia, India, China, South Africa and OECD countries. The authors review the empirical evidence for the BRICS’ modes of development cooperation and their geographical reach, and explore the historical background and patterns of international development engagement of each country. They also present a cutting-edge analysis of the broader geopolitical shifts, distinctive ideologies and normative discourses that are influencing and informing their engagement in increasingly ambitious joint projects such as the New Development Bank. This collection is essential reading for anyone seeking to understand the rapidly changing landscape of international development.

BRICS and Development Alternatives
BRICS and Development Alternatives

Author: José Eduardo Cassiolato

Publisher: Anthem Press

Published: 2011

Total Pages: 223

ISBN-13: 0857288776

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The BRICS countries (Brazil, Russia, India, China and South Africa) are currently at the crossroads of major structural economic and political changes. This book provides a comparative analysis of the national innovation systems of the five BRICS countries (Brazil, Russia, India, China and South Africa) and the trends in each of their science, technology and innovation policies. It makes use of an analytical framework, the concept 'systems of innovation and competence building' developed within 'Globelics' (the Global Research Network on the Economics of Learning, Innovation and Capacity Building Systems).

The BRICS and the Future of Global Order
The BRICS and the Future of Global Order

Author: Oliver Stuenkel

Publisher: Rowman & Littlefield

Published: 2020-02-03

Total Pages: 273

ISBN-13: 1498567282

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The transformation of the BRIC acronym from an investment term into a household name of international politics and into a semi-institutionalized political outfit (called BRICS, with a capital ‘S’), is one of the defining developments in international politics in the past decades. While the concept is now commonly used in the general public debate and international media, there has not yet been a comprehensive and scholarly analysis of the history of the BRICS term. The BRICS and the Future of Global Order, Second Edition offers a definitive reference history of the BRICS as a term and as an institution—a chronological narrative and analytical account of the BRICS concept from its inception in 2001 to the political grouping it is today. In addition, it analyzes what the rise of powers like Brazil, Russia, India, China, and South Africa means for the future of global order. Will the BRICS countries seek to establish a parallel system with its own distinctive set of rules, institutions, and currencies of power, rejecting key tenets of liberal internationalism, are will they seek to embrace the rules and norms that define today’s Western-led order?

The Role of the State
The Role of the State

Author: Mario Scerri

Publisher: Routledge India

Published: 2013

Total Pages: 398

ISBN-13:

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This volume analyses the relationship between the state and the evolution of the national systems of innovation in the five BRICS countries -- Brazil, Russia, India, China and, South Africa, putting forward several valuable considerations and policy recommendations.

The Coordination Of Brics Development Strategies Towards Shared Prosperity
The Coordination Of Brics Development Strategies Towards Shared Prosperity

Author: Linggui Wang

Publisher: World Scientific

Published: 2019-10-03

Total Pages: 247

ISBN-13: 9811201013

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BRICS countries, namely Brazil, Russia, India, China and South Africa (known as bloc), have been working closely together for more than a decade in areas as politics, economics, culture and security. The bloc plays a crucial role in facilitating the growth of not only emerging markets and developing countries, but also the world economy as a whole. Just as importantly, it contributes significantly towards improving global governance and the welfare of those living in BRICS countries. Contributed by more than 20 experts from major think tanks in BRICS countries, the chapters in this book analyze how the BRICS countries have realized shared prosperity and achieved global prominence by cooperating with one another. In addition, the authors also look at challenges faced by the bloc, and possible solutions to those problems.

International Development Law
International Development Law

Author: Rumu Sarkar

Publisher: Oxford University Press

Published: 2009-10-29

Total Pages: 504

ISBN-13: 0195398289

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This theoretical and practical overview of the international legal architecture between developing countries and advanced nations is divided into two parts, the first providing a theoretical overview of the philosophical implications of international development law principles; the second deals with international financial architecture.

Inequality and Development Challenges
Inequality and Development Challenges

Author: Maria Clara Couto Soares

Publisher: Taylor & Francis

Published: 2018-10-24

Total Pages: 238

ISBN-13: 1317560175

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This series of books brings together results of an extensive research programme on aspects of the national systems of innovation (NSI) in the five BRICS countries — Brazil, Russia, India, China, and South Africa. It provides a comprehensive and comparative examination of the challenges and opportunities faced by these dynamic and emerging economies. In discussing the impact of innovation with respect to economic, geopolitical, socio-cultural, institutional, and technological systems, it reveals the possibilities of new development paradigms for equitable and sustainable growth. This volume analyses the co-evolution of inequality and NSI across the BRICS economies. It reveals the multi-dimensional character of inequality, in going beyond its income aspect to include assets, access to basic services, infrastructure, knowledge, race, gender, ethnicity and geographic location. In advancing valuable policy recommendations, the book argues that inequalities must be factored in development strategies given that benefits of innovation are not automatically distributed equally. Original and detailed data, together with expert analyses on wide-ranging issues, make this book an invaluable resource for researchers and scholars in economics, development studies and political science, in addition to policy-makers and development practitioners interested in the BRICS countries.

The BRICS
The BRICS

Author: Andrew Fenton Cooper

Publisher: Oxford University Press

Published: 2016

Total Pages: 161

ISBN-13: 0198723393

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Brazil, Russia, India, China and South Africa represent almost 18 per cent of the world economy, with their contribution to world growth having already exceeded 50 per cent. But what does the emergence of the BRICS mean for global politics? Andrew Cooper discusses the BRICS as a concept and its practice in global politics.

The BRICS and Coexistence
The BRICS and Coexistence

Author: Cedric de Coning

Publisher: Routledge

Published: 2014-09-15

Total Pages: 189

ISBN-13: 1317659643

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The grouping consisting of Brazil, Russia, India and China (BRIC) was initially meant to be nothing more than clever investment jargon referring to the largest and most attractive emerging economies. However, these countries identified with the BRIC concept, and started to meet annually as a group in 2008. At their fourth summit in 2011, they added South Africa to become the BRICS. By then the BRICS had fully morphed from investment jargon to a name for a new economic and political grouping that had the potential to challenge the unipolar hegemony of the United States and its Western allies. This work analyses the extent to which the concept of coexistence explains the individual foreign policies of the BRICS countries. The editors define coexistence as a strategy that promotes the establishment of a rule-based system for co-managing the global order. It recognizes that different states may legitimately pursue their own political and economic interests, but they have to do so within the bounds of a rule-based international system that ensures the peaceful coexistence of states. The BRICS and Coexistence addresses the political dimension of the emergence and influence of the BRICS in the international system and will be of interest to students and scholars of Politics, Development and International Relations.