... with the Global South in the international order building and global governance. The Global South is not an entity and is not clearly defined; it is internally diverse and... ... form of cooperation that is multilevel, multidisciplinary and multiformat.
The SCO and BRICS are originally platforms for political, economic, security and humanistic cooperation... ... valuable source for learning for international order building and global governance. China and the Russia are both major participants in these two mechanisms, and therefore...
... expressing their desire to join the grouping. We are witnessing what may be termed the "BRICS Plus moment" in the evolution of the BRICS bloc as the summit's decisions on expansion are likely to impact not only the development trends across the Global South but also across the entire world economy.
One notable merit in China's determination to expand the current BRICS membership is that it reaffirms the principle of openness of the BRICS as a bloc, including its very core. This expansion in the core membership is likely to be also complemented by other forms of cooperation with developing economies under the ...
... distance for the developing economies may be the single most important mission for BRICS and the New Development Bank (NDB) in the coming decades
Harnessing continental... ... the largest country with a landmass of more than 17 million squared kilometers, with China taking the 3rd position, Brazil and India taking the 5th and 7th spot respectively... ... can act in concert in advancing sustainable development and connectivity across the Global South.
In sum, the two dimensions of BRICS geography, namely the intra-continental...
... diplomatic in promoting their priorities, and seek a delicate balance that will give the BRICS the required stability in the next development cycle, writes Valdai Club expert... ... economies, the union of five countries has become internally highly heterogeneous. China and India continue to vie with each other as leaders of economic growth, while... ... Lula da Silva and Dilma Rousseff), Bolsonaro was not close to the idea of uniting the Global South under the banner of reshaping the world order. However, more pragmatic...
... geometric progression. With respect to the arithmetic progression, the waves of the expansion in the BRICS core may involve a sequential addition of one or several countries representing the most significant heavyweights (possibly members of G20 from the Global South). The alternative is the aggregation of the regional integration blocs of all of the five BRICS members – represented by the BEAMS platforms consisting of BIMSTEC, Eurasian Economic Union, the ASEAN-China FTA, Mercosur and the South African Customs Union – leading to the addition of up to 25 members (the 5 times 5 geometric progression – or the 5 BRICS taken to the power of 2) of the BRICS+ circle that are the regional neighbors/partners of BRICS ...
... the very center of the discussions surrounding China’s chairmanship in the grouping. With the return of the BRICS+ paradigm the BRICS is going from introvert to extrovert and its greater global ambition raises hopes across the wide expanses of the Global South of material changes in the global economic system. The main question now centers on what the main trajectories of the evolution of the BRICS+ framework will be – thus far China appears to have advanced a multi-track approach that targets maximum scope and diversity in the operation of the BRICS-plus paradigm.
One of the novelties of China’s BRICS chairmanship in 2022 has been the launching of the extended BRICS+ meeting ...
... developing world with important implications for the future evolution in global governance. On the other hand, the issue of the BRICS expansion that emerged in May 2022 suggests that rather than the aggregation of regional integration groups of the Global South under the banner of BRICS+ a different track is entertained by China and its BRICS partners that targets increasing the membership of the core of the Global South.
Hence, the current dilemma of the Global South is the following: to prioritize the expansion in the core, or to place the emphasis on creating a horizontal ...
..., which is to be followed by growth of 5.6% and 4.4% in 2021 and 2022 respectively. China’s performance is particularly impressive compared to the global average, with... ... mutual trade and investment?
A common platform for economic cooperation across the Global South opens the possibility for the world economy to lower global imbalances... ... 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...
