RIAC, Institute of China and Contemporary Asia of the Russian Academy of Sciences and Institute of International Studies at Fudan University Report #87 / 2023
RIAC, Institute of China and Contemporary Asia of the Russian Academy of Sciences and Institute of International Studies at Fudan University Report ...
BRICS could become the key pillar of the new emerging economic architecture
In the beginning of 2020 Russia assumed chairmanship in the BRICS amid an escalation in geopolitical risks and further shocks to the global economy. Among the plethora of priorities and initiatives that are traditionally launched by countries assuming chairmanship in ... ... extending their economic cooperation to the Global South. Such a platform may be based on the BRICS-plus initiative launched by China, with the aggregation of regional integration blocks from the developing world serving as the core of such a platform.
Perhaps ...
On July 26th a meeting of the Foreign Ministers of BRICS countries is set to take place in Rio de Janeiro, Brazil.... ... of economic cooperation in the sphere of innovation and digital economy development. With important innovations of the past several ... ... and has helped promote mutual understanding".
For her part Russia’s Foreign Ministry’s Spokesperson Maria Zakharova announced ... ... prominently on this year’s agenda of Brazil’s presidency.
For China the upcoming meeting in Brazil will be an opportunity to ...
... themselves. That’s difficult to do because each one has a different legal system. Each one has a different political system. Russia is a different democracy, if you think it’s one. India is a different democracy. China is not a democracy. The Brazilians have a different situation with regards to the rule of law. And the South Africans have ... ... is problematic when it comes to legal harmonization. When it comes to harmonization around political idioms, along political economy, along economic inversions, it is much easier. Rather than going into too much of the negative aspects of BRICS, focus on what BRICS has been able to accomplish: the BRICS bank, providing loans based on different parameters as compared ...
... resulting from its exclusion from global trade agreements prompts Russia to seek alternative scenarios to sustain its influence.
... ... the United States and its partners, while excluding Russia and China.
Launched in March 2010 in Melbourne, the TPP process engages ... ... were to go to Europe, Russia would have trouble diversifying its economy due to reduced export revenues.
According to both U.S. ... ... the immediate term. As for the Eurasian Economic Union (EEU) and BRICS, their cooperation potential remains great, but still has ...
... that assumes U.S. hegemony in Europe and the Americas. Then too, Russia’s recent award of a residence permit to NSA contractor ... ... impetus to play more sanctions cards. World of currency warcraft. BRICS tired of playing the quantitative easing game After it went ... ..., to buy bonds and other treasury instruments to keep the U.S. economy afloat. Over time the strategy took the United States from ... ... a balanced budget nation to the world’s biggest debtor. China, which became a major world power with a permanent seat on ...