Future of the BRICS and the Role of Russia and China

Future of the BRICS and the Role of Russia and China
Author: Junuguru Srinivas
Publisher: Springer Nature
Total Pages: 210
Release: 2022-08-24
Genre: Political Science
ISBN: 9811911150

The book explains the rise of BRICS as a decisive group in the present world affairs. It emphasizes the significance of Russian and Chinese foreign policies concerning the BRICS group and how these two countries are using the group to promote their national interests. It also examines the causes of close association of Russia and China within the BRICS group. It illuminates the changing political dynamics of the world. This research contains the scope to unravel the strength of BRICS and Russia and China's foreign policy strategies. The study explains the change in global politics in post covid-19 international affairs. It analyses whether BRICS has the potential to play a decisive role in emerging international politics. The methodology adopted consists of three components: Quantitative method and Qualitative method along with a field trip to Russia to conduct surveys and interviews. The approach has been analytical and descriptive, and both primary and secondary sources have been consulted.

The BRICS and the Future of Global Order

The BRICS and the Future of Global Order
Author: Oliver Stuenkel
Publisher: Rowman & Littlefield
Total Pages: 273
Release: 2020-02-03
Genre: Political Science
ISBN: 1498567282

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?

Building a Future with BRICs

Building a Future with BRICs
Author: Mark Kobayashi-Hillary
Publisher: Springer Science & Business Media
Total Pages: 223
Release: 2007-09-27
Genre: Business & Economics
ISBN: 3540464549

In 2003, Goldman Sachs published a startling report on the BRICs (Brazil, Russia, India, and China) region: These four countries would be larger than the G6 economics within 40 years, muscling their way to economic dominance and powering past developed countries such as the United Kingdom, Germany, and Japan. This book focuses on the technology and technology-enabled services that underpin this revolution. The editor analyses the reasons why these four countries are in a unique position to lead a 21st century growth in international services. He then features 12 chapters written by the most important chief executives from the BRICs service economy.

The BRICS and the Financing Mechanisms They Created

The BRICS and the Financing Mechanisms They Created
Author: Paulo Nogueira Batista Jr.
Publisher: Anthem Press
Total Pages: 110
Release: 2021-10-12
Genre: Business & Economics
ISBN: 183998208X

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.

BRICS and Global Governance

BRICS and Global Governance
Author: John Kirton
Publisher: Routledge
Total Pages: 236
Release: 2018-02-13
Genre: Political Science
ISBN: 1317172566

The past few decades have witnessed the development of an increasingly globalised and multipolar world order, in which the demand for multilateralism becomes ever more pronounced. The BRICS group established in 2009, has evolved into a plurilateral summit institution recognized both by sceptics and proponents as a major participant in the international system. Addressing the BRICS’s role in global governance, this book critically examines the club’s birth and evolution, mechanisms of inter-BRICS cooperation, its agenda priorities, BRICS countries’ interests, decisions made by members, their collective and individual compliance with the agreed commitments, and the patterns of BRICS engagement with other international institutions. This volume advances the current state of knowledge on global governance architecture, the BRICS role in this system, and the benefits it has provided and can provide for world order. This book will interest scholars and graduate students who are researching the rise and role of emerging powers, global governance, China and India’s approach to global order and relationship with the United States, Great Power politics, democratization as a foreign policy strategy, realist theory-building and hegemonic transitions, and the (crisis of) liberal world order.

BRICS or Bust?

BRICS or Bust?
Author: Hartmut Elsenhans
Publisher: Stanford University Press
Total Pages: 104
Release: 2017-09-12
Genre: Business & Economics
ISBN: 1503604918

Once among the fastest developing economies, growth has slowed or stalled in Brazil, Russia, India, China, and South Africa. What policies can governments enact to jump-start the rise of these middle-income countries? Hartmut Elsenhans and Salvatore Babones argue that economic catch-up requires investment in the productivity of ordinary citizens. Diverging from the popular narrative of increased liberalization, this book argues specifically for direct government investment in human infrastructure; policies that increase wages and the bargaining power of labor; and the strategic use of exchange rates to encourage export-led growth. These measures raise up the majority and finance future productivity by driving broader consumption and fostering investment within national borders. Though strategies like full employment, mass education, and progressive taxation are not especially controversial, none of the BRICS have truly embraced them. Examining barriers to implementation, Elsenhans and Babones find that the main obstacle to such reforms is an absence of political will, stemming from closely guarded elite privilege under the current laws. BRICS or Bust? is a short, incisive read that underscores the need for demand-driven growth and why it has yet to be achieved.

The BRICS

The BRICS
Author: Andrew Fenton Cooper
Publisher: Oxford University Press
Total Pages: 161
Release: 2016
Genre: Political Science
ISBN: 0198723393

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 Global Future of Higher Education and the Academic Profession

The Global Future of Higher Education and the Academic Profession
Author: P. Altbach
Publisher: Springer
Total Pages: 280
Release: 2013-02-05
Genre: Education
ISBN: 0230369790

This is the first book to critically analyze the future of higher education systems in the four BRIC countries - Brazil, Russia, India and China - and the USA, analyzing academic salaries, contracts and working conditions and how national policy will affect the academic profession in each context.

The Future BRICS

The Future BRICS
Author: R. Marino
Publisher: Springer
Total Pages: 205
Release: 2014-09-09
Genre: Business & Economics
ISBN: 113739644X

The Future BRICS provides in depth quantitative and qualitative questions and answers about the future of the BRICS Forum as a synergistic economic alliance and is a valuable resource for anyone interested in the ongoing international debate about the economic future and sustainability of the emerging markets in general.

The BRICs Superpower Challenge

The BRICs Superpower Challenge
Author: Kwang Ho Chun
Publisher: Routledge
Total Pages: 242
Release: 2016-03-23
Genre: Political Science
ISBN: 1317039971

In an imaginative and interesting way, Kwang Ho Chun seeks to capture the dynamics of the changing international system and the prospects for a change in the international distribution of power. The idea that new superpowers could rise and that some of the BRICs (Brazil, Russia, India and China) could be such superpowers, is particularly intriguing and the main idea explored in this study. In line with neo-realist approaches, this book argues that in a unipolar world competitors will rise to challenge the global hegemon. As the power profiles of the BRICs rise and they gain greater control of geo-global politics, they are likely to attain significant regional dominance among other regional powers although their underdeveloped tradition of hard power and internal challenges could prevent them from gaining superpower status. This book captures the dynamics of the changing international system and the prospects for a change in the international distribution of power.