A conference of the BRICS 2017 Think Tank Forum, held in Beijing recently, showed that the grouping had progressed in influencing global governance despite some persistent intra-member differences
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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
Prime Minister Narendra Modi's announcement on November 8 to demonetise notes of the denomination of Rs 500 and Rs 1000 has a precedent. This infographic traces some interesting demonetisation initiatives around the world. From discontinuation of high denomination notes due to lack of circulation, to the use of beer and water as 'real assets' in place of hyper-inflated currency.
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
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.
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
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.
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
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.
A T20 workshop in Lima, Peru, provided the opportunity to for a deeper insight into the the Latin American economic situation. While the workshop focused on finding innovative solutions to sustain high growth in middle-income countries. There is a need for India and similar countries, to become sensitized to each others problems on development.