... Cooperation. In his speech, he reiterated the hope that the NDB and the BRICS Business Council would soon be able to engage with relevant institutions in Turkey, and cooperation in energy would commence.
Much has changed since then both in the world economy and in the global standing of BRICS. The only thing that has remained unchanged is the challenges Turkey faces. In 2024, Ankara is taking a second shot at joining the group—seemingly more successful than the previous one. In addition to Russia, the Turkish leader secured the support ...
... need to approach this crisis using the UN platform.
Looking at Cambodia and BRICS, will Cambodia join this association and how do you, your elites and citizens perceive this opportunity?
I think BRICS is a very important alternative for us. I believe BRICS is the backbone of the global economy, especially for the Global South. So, in my perspective, I think Cambodia should consider becoming a member—if it is possible—or at least be an observer to the organization, as I believe that BRICS can be alternative to the G7 in the future....
... goodwill of one or both of the two Eurasian giants. Moreover, strained China-India relations would inevitably put rigid constraints on institutional prospects of inclusive multilateral initiatives in Eurasia and in the world at large, including the SCO, BRICS. Finally, this strained relationship creates lucrative opportunities for nonregional powers to play more prominent roles in and around Eurasia.
Andrey Kortunov:
Unpacking GCI: China’s Strategic Vision Comes of Age
Can Moscow make a meaningful ...
... and Sudan are simmering and can explode at any moment, global defense spending and global arms trade in 2024 reached their historic highs. On the other hand, 2024 also offers a number of opportunities that should not be overlooked. It is the year for BRICS to properly digest and absorb its recent enlargement, and Russia will have to manage the process chairing the club and hosting the next BRICS summit in fall. The Shanghai Cooperation Organization might also start changing by accepting Belarus as ...
... of science and innovation, healthcare, as well as deepening of contacts between academic and research centers (including the BRICS Network University) also remain in the focus of our agenda.
In our efforts we intend to put a particular emphasis on the ... ... most importantly, it undermines its own credibility by creating new crises and hindering genuine decolonization of the world economy.
A situation when a few countries feel entitled to dictate their will to others, threatening to cut off access to global ...
... barriers, which could lead to the establishment of a platform among the BRICS regional trade arrangements. [
3
] However, there remains a shortage of specific initiatives that could have substantial impact on the countries of the bloc and the global economy at large.
The BRICS communication policy is also important for markets: a clear and persuasive appeal to the broader population of the Global South countries is essential, along with a well-considered and credible communication strategy targeting financial markets....
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 #87 / 2023
The ninth annual report “Russian-Chinese Dialogue: The 2023 Model” analyzes Russia–China relations from the second and fourth quarters of 2022 to the first quarter of 2023. During this...
... use French and/or Arabic as their official languages. Furthermore, these two states are well positioned and can be effectively included in the logistical network as sea gates to the west and north of Africa, respectively.
Another possible factor for a BRICS expansion could be the size of the economy and the associated “demographic dividend.” [
3
] Many African nations are already showing high growth rates. This trend will be heading up as their population grows and, consequently, as the number of consumers and the capacity of the domestic ...
... expediency of creating a new reserve currency — most recently from the Federation Assembly speaker Valentina Matvienko. While the debate on the possibility of creating such a reserve currency is only starting in Russia and more broadly across the global economy, the implications of such a move on the part of the BRICS could have transformational consequences for the global financial system.
Initially, the proposal to create a new reserve currency based on a basket of currencies of BRICS countries
was formulated
by the Valdai Club back in 2018 — the idea was ...
... modernization for the developing economies reside in greater economic integration, development of human capital and digitalization. For all leading developing economies there is a tremendous scope for higher growth via reducing cross-regional inequality (the BRICS economies exhibit some of the highest levels of cross-regional inequality in the world), boosting housing development as well as more broadly the services and the consumer sectors of the economy.
Another driver for elevating growth in developing economies could be a re-direction of their investment flows away from the advanced economies towards investing more of their reserves in the Global South. In effect this course of events would ...
