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The coordination of BRICS development strategies towards shared prosperity
\"BRICS countries, including Brazil, Russia, India, China and South Africa, have successfully cooperated among themselves for more than a decade. The countries have served as an important platform for emerging markets and developing countries. The BRICS countries have successfully cooperated in political, economic, cultural and security affairs. The cooperation among BRICs countries has become an important force in stimulating world economic growth, perfecting global governance and improving welfare of people living in BRICs countries. Contributed by more than 20 experts from top think tanks of BRICS member countries, it summarizes the achievements of BRICS cooperation and studies challenges faced by BRICS countries, aiming to find solution for better collaboration of the BRICS member countries and achieve shared prosperity for all\"-- Provided by publisher.
Book
Russia, BRICS, and the Disruption of Global Order
Russia's leadership in establishing the BRICS group (Brazil, Russia, India, China, and South Africa) is emblematic of its desire to end US hegemony and rewrite the rules of the international system. Rachel S. Salzman tells the story of why Russia broke with the West, how BRICS came together, why the group is emblematic of Russia's challenge to the existing global order, and how BRICS has changed since its debut. The BRICS group of non-Western states with emerging economies is held together by a shared commitment to revising global economic governance and strict noninterference in the internal affairs of other countries. BRICS is not exclusively a Russian story, but understanding the role of BRICS in Russian foreign policy is critical to understanding the group's mission. In a time of alienation from the Euro-Atlantic world, BRICS provides Russia with much needed political support and legitimacy. While the longterm cohesion of the group is uncertain, BRICS stands as one of Vladimir Putin's signature international accomplishments. This book is essential reading for scholars and policymakers interested in Russian foreign policy, the BRICS group, and global governance.
eBook
Development paradigms for urban housing in BRICS countries
This book is a concise treatise of the alternative paradigms used in BRICS countries to tackle urban housing shortages. There are a number of alternative methods for meeting these shortages which BRICS countries have adopted. These alternatives may agree in terms of desired outcome, but when it comes to approach, mechanics and scope, they are entirely divergent. By focusing on the political economy and the international structure of each BRICS country, these perspectives present alternative and often conflicting approaches to the attainment of better housing. Development Paradigms for Urban Housing in BRICS Countries explores the various political, economic, institutional and cultural factors that have shaped the housing outcomes in BRICS countries that we see today. The book uses a framework which allows comparison between Brazil, Russia, India, China and South Africa, whilst recognizing the differences in the development path that each of these countries has taken.
Book
The BRICS and the Financing Mechanisms They Created
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.
eBook
The Arab states of the Gulf and BRICS
How the Gulf Cooperation Council (GCC) relates to BRICS (Brazil, Russia, India, China, and South Africa) is, in the light of the growing strength and importance of this organisation and the countries which comprise it, of critical importance. The GCC countries have fast-growing economies, and they share some of the attributes and concerns of BRICS countries. The issue is not simply how the GCC countries handle their relations with the individual BRICS countries, but more importantly how they relate to an alternative structure of coordination and perhaps power in the global order. Their established links and alliances may no longer be enough to satisfy either their economic needs or their security concerns. The objective of this book is to examine the commonalities and the differences in economic and political interest between the BRICS countries and the GCC countries, so as to assess the potential for cooperation and collective action. Whether the GCC could itself become a part of BRICS is also worth consideration. While the focus is on the GCC, the GCC’s relations with BRICS countries have been, and will continue to be, closely affected by the wider Gulf dimension – the state of their relations with Iran and Iraq, and the manner in which BRICS countries relate to those two countries.
eBook
The Challenge of Bric Multinationals
This PIBR volume examines a number of idiosyncratic elements in the internationalization strategies of BRIC MNEs and, in particular, in their relationship with home country policies.
eBook
Internationalization of the Currencies of BRICS Countries
AbstractThe ongoing large-scale transformation of the global economy, caused primarily by the economic recovery of the leading developing countries, forms a multipolar map of the world with new centers of power—the BRICS countries (Brazil, Russia, India, China, and South Africa). Thanks to their increased industrial and financial power, these countries are among the key players in the international markets for goods, services, and capital, exerting a significant, and sometimes decisive, impact on their functioning. However, it would be premature to say that in the coming years the representatives of this association will be able to achieve a balance of power in monetary and credit relations with the United States and the European Union, overcoming their long-term dominance in world finance. Achieving such a balance will become possible only as the monetary units of the BRICS countries turn into influential reserve assets that can squeeze the US dollar and euro in servicing world economic relations and create large international financial centers in them that can compete on equal terms with London or New York.
Journal Article