By Mathew Maavak
Mathew Maavak is a doctoral researcher in Security Foresight at Universiti Teknologi Malaysia (UTM).
Time to reorient our worldview?
“Global interconnectedness” and “global governance” are the unchallenged dictums of the day. But is this Eurocentric axiom relevant anymore? This may sound rather disconcerting but the Eurasian Economic Union (EEU) or Greater Eurasia – facilitated by Russian geopolitics and Chinese Silk Road initiatives –may...
October 2015 saw the final major event included in the official Plan for the Russian Federation’s Presidency in BRICS in 2015–2016 — the BRICS Global University Summit (GUS) — concluded in Moscow. The forum brought together more than 300 representatives of the academic and research community of the five nations
[1]
. Anyway, in terms of the number ...
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...
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 ...
While BRICS and SCO countries were discussing a powerful economic collaboration among partner countries in first week of July 2015 and world was watching the outcome of these two meeting another collaboration was taking place in Vienna ,Austria of Eurasian ...
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 ...
... 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 ...
... 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 ...
... 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 ...
At the 7
th
BRICS Summit held on July 8-9, 2015 in the Russian city of Ufa, the leaders of the BRICS member states came together and signed several joint agreements including the ‘Ufa Declaration’, the ‘Ufa Action Plan’, the ‘Strategy ...
