... Development Bank.
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Overall, however, the theme of BRICS+ remains heavily under-researched and in need of more perspectives coming from all of the members of BRICS / BRICS+.
In practical terms, the implementation of the BRICS+ framework has taken the form of BRICS+ summits (in 2017 (China), 2018 (South Africa), and 2022 (China)) that involve the invitation of a number of developing economies outside of the BRICS core. Brazil, Russia, and India opted not to conduct BRICS+ summits altogether. Despite the lack of clarity and detail ...
... with the global agenda. It is also important that such a platform is not majority controlled by any single one region or country. In this respect, the co-integration of the Eurasian Economic Union and China’s BRI may be a useful tool of rendering China’s and Russia’s infrastructure projects more harmonized, but a common globalization framework requires a broader platform. Such a platform may be represented by the BRICS+ framework that brings together the main regional integration blocs from the developing world and their development institutions.
More generally, what is of concern in the “new globalization race” is the competitive if not opposing nature of ...
... of a small hydroelectric power station in Karelia with a design capacity of 50 MW.
What is the main purpose not only of the Summit, but also of China’s chairmanship in BRICS?
The most important innovation in the development of BRICS is, of course, China’s idea to include extra-regional players in the dialogue in the «BRICS+» and «BRICS++» format. This was announced at the beginning of 2017 by Chinese Foreign Minister Wang Yi. And this is China's great contribution to the development of BRICS as a global format that deals not only with the affairs of the «five» ...
