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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.
Book Synopsis Future of the BRICS and the Role of Russia and China by : Junuguru Srinivas
Download or read book Future of the BRICS and the Role of Russia and China written by Junuguru Srinivas and published by Springer Nature. This book was released on 2022-08-24 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 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?
Book Synopsis The BRICS and the Future of Global Order by : Oliver Stuenkel
Download or read book The BRICS and the Future of Global Order written by Oliver Stuenkel and published by Rowman & Littlefield. This book was released on 2020-02-03 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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?
Seminar paper from the year 2011 in the subject Politics - Political systems in general and in comparison, grade: 1,3, Ruhr-University of Bochum (Fakultät für Sozialwissenschaften), course: Emerging Powers in International Affairs, language: English, abstract: About ten years ago, Jim O’Neil at the well-known investment bank Goldman Sachs coined the acronym BRIC for four emerging countries that were regarded to have a common potential of shaping global markets in the not-too-distant future: Brazil, Russia, India and China. In 2003, Goldman Sachs published a report named “Dreaming with BRICs: The Path to 2050”. Its key message was that the economies of these four countries together, which at that time made up only 15% of the global economy, could by 2050 be larger than those of the (former) G6. They claimed that, given that their predictions come true, the list of the world’s major economies could look very different from today’s in less than 40 years – a perspective which must naturally have an influence on investing behavior around the globe (see Wilson, Purushotaman 2003). The reasons for these expectations were the BRICs economic growth rates, which topped those of the industrialized nations by far, as well as their huge share of global population which promised emerging masses of consumers. In 2010, Goldman Sachs could proudly announce the fulfillment of their 2001 predictions (Wilson et al.). The past decade had indeed seen a rise in political and economic power of these emerging countries, so, according to Goldman Sachs, there were no reasons to doubt that the BRICs future growth would as well be satisfying their forecasts (ibid. 2). Another report from December 2009, which concentrated on the BRICs’ survival of the global financial crisis had even confirmed that these countries (with the sole exception of Russia) were emerging healthier from it than the industrialized world – a development which gave reason to expect yet better long-term performance than they had originally prophesized ten years ago (O’Neill, Stupnytska). However, critics argue that the entire concept of BRIC has flaws – it might appear forced to group four countries that seem to have very little in common. The prediction of their future role in global affairs seems rather bold and even if in terms of economics the BRICs fulfill the expectations – what does this mean for their general role in world affairs? This paper shall have a closer look at the BRIC group and its actual and predicted development. The sense of an analytical concept that was applied to four such different countries shall be examined by pointing out there commonalities and differences.
Book Synopsis Understanding BRICs by : Natascha Strenger
Download or read book Understanding BRICs written by Natascha Strenger and published by GRIN Verlag. This book was released on 2012-06-04 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2011 in the subject Politics - Political systems in general and in comparison, grade: 1,3, Ruhr-University of Bochum (Fakultät für Sozialwissenschaften), course: Emerging Powers in International Affairs, language: English, abstract: About ten years ago, Jim O’Neil at the well-known investment bank Goldman Sachs coined the acronym BRIC for four emerging countries that were regarded to have a common potential of shaping global markets in the not-too-distant future: Brazil, Russia, India and China. In 2003, Goldman Sachs published a report named “Dreaming with BRICs: The Path to 2050”. Its key message was that the economies of these four countries together, which at that time made up only 15% of the global economy, could by 2050 be larger than those of the (former) G6. They claimed that, given that their predictions come true, the list of the world’s major economies could look very different from today’s in less than 40 years – a perspective which must naturally have an influence on investing behavior around the globe (see Wilson, Purushotaman 2003). The reasons for these expectations were the BRICs economic growth rates, which topped those of the industrialized nations by far, as well as their huge share of global population which promised emerging masses of consumers. In 2010, Goldman Sachs could proudly announce the fulfillment of their 2001 predictions (Wilson et al.). The past decade had indeed seen a rise in political and economic power of these emerging countries, so, according to Goldman Sachs, there were no reasons to doubt that the BRICs future growth would as well be satisfying their forecasts (ibid. 2). Another report from December 2009, which concentrated on the BRICs’ survival of the global financial crisis had even confirmed that these countries (with the sole exception of Russia) were emerging healthier from it than the industrialized world – a development which gave reason to expect yet better long-term performance than they had originally prophesized ten years ago (O’Neill, Stupnytska). However, critics argue that the entire concept of BRIC has flaws – it might appear forced to group four countries that seem to have very little in common. The prediction of their future role in global affairs seems rather bold and even if in terms of economics the BRICs fulfill the expectations – what does this mean for their general role in world affairs? This paper shall have a closer look at the BRIC group and its actual and predicted development. The sense of an analytical concept that was applied to four such different countries shall be examined by pointing out there commonalities and differences.
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.
Book Synopsis The BRICS and the Financing Mechanisms They Created by : Paulo Nogueira Batista Jr.
Download or read book The BRICS and the Financing Mechanisms They Created written by Paulo Nogueira Batista Jr. and published by Anthem Press. This book was released on 2021-10-12 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
In 2008, it appeared that the BRIC nations’ economies would continue to provide growth opportunities for businesses of all kinds. After a decade of unprecedented growth, however, Brazil, Russia, India, and China have unexpectedly slowed. In this innovative book, expert contributors diagnose and examine the factors that might be responsible for the changing trends in the BRIC and other emerging market economies and that may determine the future course of these economies and their prospects for sustained growth. This volume offers valuable insights into a wide range of issues pertaining to emerging economies that demand the attention of researchers and practitioners. In particular, contributors explore topics such as the importance of innovation, internationalization trends of emerging market firms, sustainability and social issues, market liberalization and entrepreneurship, consumer behavior and customer relations. Rigorous scholarly research, including empirical work, and perspectives from emerging markets make this an essential resource for doctoral students, business academics and executives, and politicians and policy makers involved in developing nations and their economies.
Book Synopsis Emerging Markets and the Future of the BRIC Nations by : Kelly Aceto
Download or read book Emerging Markets and the Future of the BRIC Nations written by Kelly Aceto and published by Edward Elgar Publishing. This book was released on 2015-10-30 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008, it appeared that the BRIC nations’ economies would continue to provide growth opportunities for businesses of all kinds. After a decade of unprecedented growth, however, Brazil, Russia, India, and China have unexpectedly slowed. In this innovative book, expert contributors diagnose and examine the factors that might be responsible for the changing trends in the BRIC and other emerging market economies and that may determine the future course of these economies and their prospects for sustained growth. This volume offers valuable insights into a wide range of issues pertaining to emerging economies that demand the attention of researchers and practitioners. In particular, contributors explore topics such as the importance of innovation, internationalization trends of emerging market firms, sustainability and social issues, market liberalization and entrepreneurship, consumer behavior and customer relations. Rigorous scholarly research, including empirical work, and perspectives from emerging markets make this an essential resource for doctoral students, business academics and executives, and politicians and policy makers involved in developing nations and their economies.
Book Synopsis The Future of BRICS by : Akshay Mathurh
Download or read book The Future of BRICS written by Akshay Mathurh and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Annotation Brazil, Russia, India, China and South Africa represent almost 18% of the world economy, with their contribution to world growth having already exceeded 50%. 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.
Book Synopsis The BRICS by : Andrew Fenton Cooper
Download or read book The BRICS written by Andrew Fenton Cooper and published by Oxford University Press. This book was released on 2016 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation Brazil, Russia, India, China and South Africa represent almost 18% of the world economy, with their contribution to world growth having already exceeded 50%. 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 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.
Book Synopsis The Future BRICS by : R. Marino
Download or read book The Future BRICS written by R. Marino and published by Springer. This book was released on 2014-09-09 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
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.
Book Synopsis Russia, BRICS, and the Disruption of Global Order by : Rachel S. Salzman
Download or read book Russia, BRICS, and the Disruption of Global Order written by Rachel S. Salzman and published by Georgetown University Press. This book was released on 2019-04-01 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book BRICS written by John Bricsington and published by . This book was released on 2023-10-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
