This infographic seeks to trace the evolution of BRICS from O’Neill’s original vision to its current form, while illustrating how intra-BRICS trade has evolved over the past 15 years.
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Despite major political change in Brazil, Argentina, and Venezuela due to global economic tumult, it may be premature to speak of a rightward shift in Latin American politics. Yet, developments in these democracies need to be monitored carefully as India has a stake in their political stability.
China's influence and presence in Latin America has grown rapidly in the form of trade and investment. China's growing presence is both a concern for Latin America and the U.S., which creates a window of opportunity for India
The 14 March protests is the latest in a series against corruption in Brazil. While the government is acting, the political and economic environment will continue to deteriorate until it is rooted out.
The nature of the sweeping victory of AAP and Kejriwal may be unprecedented in India but not in Latin America. In Brazil, Mexico and Colombia, there are lessons for AAP and Arvind Kejriwal as they assume power in New Delhi – and also for the Congress Party as well as the BJP
Michael Reid's book argues that Brazil, a nation that was built by a top-down elite, is now moving to a new phase of a bottom-up approach to political and economic reform
Brazil follows a more decentralised form of federalism and gives special importance to the municipalities. Porto Alegre’s successful 'participatory budgeting' is a role model for the world. India can learn from both the positive and negative aspects of the Brazilian system
The establishment of the New Development Bank at the 6th BRICS Summit in Brazil has long-term implications for global order and development. Ultimately the success of the NDB will be about efficiency rather than a struggle between liberal vs. alternative economic philosophies.
Brazil is all set to host the 6th BRICS Summit from July 15. In light of the fact that most developing nations have concerns over the pro-western bent of the World Bank and the IMF, the BRICS initiative of setting up of a Development Bank needs to gain momentum and the nations should finalise the mandate on a priority basis
The Brazilian government is facing heat on a host of issues ranging from tardy preparations for the 2016 Summer Olympics to protests over a slowing economy. Despite the challenges, Brazil has succeeded on two fronts: social transformation and a cooperative foreign policy