Courtesy: Igor Peraza
Speakers at the ‘1st BRICS Think Tank Forum on Pragmatic Cooperation’, held in Shanghai last month, discussed ways to tackle new challenges as globalisation moves into the next phase where the BRICS countries will take the lead
Courtesy: United States Trade Representative
Amid the debate of a U.S.-centric TPP template or a China-led RCEP model, it is important to consider if such trade agreements are building blocks or stumbling blocks to global free trade. With the passage of the TPP still uncertain in the U.S. Congress, and the RCEP unlikely to be acceptable to the U.S., the more likely global trade scenario will be fragmentation
Courtesy: MEA India / Flickr
Perhaps South Block did not gain as much as it had hoped to: there was a gulf in member states’ perceptions. One takeaway, therefore, for policy makers was that while noise has its uses, it is now time for some quiet diplomacy
Courtesy: Gateway House
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.
Courtesy: Dr. Jehangir Sorabjee
The recent inauguration of the New Development Bank in Shanghai has made that city a focal point of international financial transactions between the five BRICS countries. This occasions revisiting some of the ways in which Bombay has been historically linked to it
Courtesy: Google Earth
The recent BRICS summit and BIMSTEC outreach highlighted some laudable maritime endeavours linking geographically distant, emerging economies within the grouping. The BIMSTEC platform is also crucial to India's efforts to create a peaceful Bay of Bengal community through economic and cultural linkages.
Courtesy: Gateway House
The 8th BRICS summit in Goa comes in the midst of major geopolitical events; Brexit, the U.S. elections, the South China Sea dispute, and the terror attacks in Uri. There is much need for BRICS to demonstrate to the world, its capability to manage internal differences and showcase a collective sense of cooperation
China will be hosting the G20 Summit in Hangzhou on the 4-5 September 2016. Huang Wei, Director of Research, Department of Global Governance, IWEP-CASS, gave an interview on the sidelines of T20 Mumbai where she discussed how structural reforms can add energy to the world economy and help stabilise financial markets.
Courtesy: Quartz
Regulations are the new focus of economic statecraft. Their increasing importance is reflected in the negotiations on global financial standards, plurilateral trading rules, and regional economic unions.
Courtesy: BBC
At present, South Africa finds itself charting political and economic policy uncertainties. This is not to suggest that the domestic political crisis will see different trajectories unfolding with regard to its BRICS/IBSA engagements, or on a broader foreign policy path, but it will have repercussions at the international level, in terms of investor confidence, credit ratings, and currency volatility. Pretoria will face constant pressure to be seen as a credible actor, especially when it comes to its African identity.
