... in the world economy?
Indeed, despite the challenges and risks, BRICS if expanded to the BRICS+ and BRICS++ formats could attain the scale to serve as an important platform for a revitalized globalization effort. It could work more closely with the G20 as well as with the Bretton Woods institutions such as the IMF and the World Bank in rendering the new the new round of globalization more inclusive and balanced. Regional integration arrangements and their development institutions could also become ...
... platform that offers a range of modalities of economic cooperation? Many experts view the BRICS future evolution through the prism of size – hence the discussions about further expansion in the block including the largest developing countries from the G20. But the inclusion of South Africa as a member BRICS marks a departure from this prioritization of weight and size (there are a number of developing economies that are larger than South Africa in terms of GDP) towards inclusiveness and representation ...
... greater prominence of regional integration in the Global South of which perhaps the most important has been the AU-led creation of the African Continental Free Trade Area (AfCFTA). The African Union is in the process of accession to the core of the G20 grouping as a full-fledged member and is also a participant of the BRICS+ meetings that in turn are increasingly targeting regional groupings from the Global South. What will be the future course taken by the African Union along the North-South (G20/BRICS) ...
The crypto crisis could be used by regulators as an opportunity to bolster international financial cooperation, including within the framework of the G20
In 2022 the global financial markets were rattled by a series of adverse developments in the crypto segment, which culminated in the FTX meltdown and the multiple ripple effects the markets are likely to continue to grapple with in the course of ...
The fact that the G20 is a tool for the civilised dismantling of the existing order rather than their renewal does not mean its immediate death
We, of course, are extremely critical of the very idea of global institutions and the prospects for their survival amid the ...
G20 largely lacks focus and prioritization, although some of the Summit’s results are positive
Every G20 Summit is certainly an event of major significance to the world economy, if only because it presents an opportunity for the leaders of the world’s ...
What should we expect from G20 summit in Bali, Indonesia?
The 2022 G20 summit in Bali, Indonesia, started on Tuesday under the main theme of "Recover Together, Recover Stronger." What should we expect from it? What role will it play amid growing uncertainties and confrontations ...
The G20 summit in Indonesia will need to keep its focus on the key imperatives and exigencies of today’s world economy, most notably the rising risks of a global recession
The G20 summit in Indonesia will need to keep its focus on the key imperatives ...
What does the upcoming summit have to show us?
Regardless of the outcome of the G20 summit itself, it will be possible to mark the Indonesian presidency as a success. After all, the current crisis has allowed Indonesia to prove itself as a global power. It is precisely the crisis and the hegemonic aspirations of the West that allow ...
... ASEAN’s institutional balancing—now a hallmark of the association—has been somewhat compromised
In 2022, three ASEAN nations assumed the chairmanship of significant regional and global dialogue structures. For the first time in the history, G20 was chaired by Indonesia, while the APEC chairmanship was taken on by Thailand, and ASEAN’s chairmanship went to Cambodia. The year 2022 was expected to pass under the sign of the ASEAN leadership, with paths to an effective post-COVID recovery ...
