Search: BRICS (79 materials)


TPP VS Belt and Road (B&R): Who really benefits?

The tapestry of ancient Silk Routes The ancient maritime and overland Silk Routes have been revived. Its modern incarnation, driven by China’s Belt and Road Initiative (B&R), stands on the verge of connecting the Eurasian landmass, East Africa and Western Europe into a single trading matrix. Many Asian communities were defined by the ancient Silk routes. The Knanayas of the Malabar Coast, for example, were notable players in the western segment of the Maritime Silk Route. The symbol of...


BRICS countries plan no dominance in international affairs

The BRICS countries (Brazil, Russia, India, China and South Africa) have no goal of using the alliance for dominance on the international arena, Russian Deputy Foreign Minister Sergey Ryabkov said on Wednesday. "We have never set and cannot set the task ...


Remnants of Bretton Woods or a New Brick in its Foundation?

New Development Bank and the Reserve Currency Pool Many observers see the establishment of the New Development Bank (NDB) and the Reserve Currency Pool as a BRICS-led challenge to the International Monetary Fund and the World Bank, while the emergence of new financial stabilization mechanisms and development institutions appears to augment and strengthen rather than threaten the existing monetary and credit ...


Credit Agencies And Objectivity (Or The Lack Thereof)

... ratings organisations from five countries (CPR of Portugal, CARE Rating of India, GCR of South Africa, MARC of Malaysia, and SR Rating of Brazil) merged to launch ARC Ratings, a new global agency that was supposed to become an alternative. Naturally the BRICS nations have also brought up the question of creating a joint venture that will serve as an alternative source of credit ratings. The head of VTB, one of Russia’s leading banks, Andrey Kostin spoke to the Russia News Agency TASS about the ...


BRICS New Development Bank: From Private to Public

... more, many of the countries with rapidly developing economies have now accumulated substantial reserves in their national wealth funds, which they frequently invest in developed countries, thereby strangulating financing into the national economy. The BRICS New Development Bank, which was officially launched at the July 2015 BRICS Summit in Ufa, has been tasked with resolving these issues. New Resources or New Possibilities? As was repeatedly stated in the run-up to, and immediately before, the BRICS ...


Russia’s Position amid Emerging Trade Partnerships

... can only be found in those countries that are outside these global agreements. Does Russia have any chance for development outside TPP and TTIP limits? No clear-cut answer is apparent in the immediate term. As for the Eurasian Economic Union (EEU) and BRICS, their cooperation potential remains great, but still has to prove its economic worth. Importantly, U.S. trade with China (USD 590 billion), India (USD 67 billion), Brazil (USD 73 billion) and South Africa (USD 14.5 billion) in 2014 was several-times ...


A Lesson In Business Mobility For The BRICS - How To Fast Track Bureaucracy

... not only negotiate final agreements and close deals, but to meet new clients, successfully establish and maintain long-term relationships and efficiently transfer technology, leading to greater innovation. Increasing the business mobility within the BRICS is one of the main priorities of the recently founded BRICS Business Council, as stated by Onkar S Kanwar, Chairman, BRICS Business Council, in a recent interview by the Russia&India Report. To "have a special arrangement for grant of long ...


Looking Back On Ufa

With the 7th annual BRICS summit more than a week behind us and yet another declaration signed by the heads of state, it would be only fitting to take a look back at the results of the summit and make predictions on its possible impact on the ever-changing geopolitical landscape....


Poll conducted

  1. Korean Peninsula Crisis Has no Military Solution. How Can It Be Solved?
    Demilitarization of the region based on Russia-China "Dual Freeze" proposal  
     36 (35%)
    Restoring multilateral negotiation process without any preliminary conditions  
     27 (26%)
    While the situation benefits Kim Jong-un's and Trump's domestic agenda, there will be no solution  
     22 (21%)
    Armed conflict still cannot be avoided  
     12 (12%)
    Stonger deterrence on behalf of the U.S. through modernization of military infrastructure in the region  
     4 (4%)
    Toughening economic sanctions against North Korea  
     2 (2%)
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