Blog

  • What can China do to turn the tables around?

    What can China do to turn the tables around?

    Discussions on what could be done by China to revitalize its post-Covid growth performance are at the center of the global policy debate – while the 5.2% GDP growth in 2023 was above the 5% target, the overall growth trajectory last year underperformed market’s expectations. With the world economy becoming so dependent on China’s performance…

    Read more »

  • On the modalities of a coordinated G20 stimulus

    On the modalities of a coordinated G20 stimulus

    The global economy appears to have coped with recessionary risks that were stoked by high interest rates and inflation throughout the 2022-2023 period. As noted by the IMF’s Chief economist Pierre-Olivier Gourinchas, “the global economy continues to display remarkable resilience, with inflation declining steadily and growth holding up. We are very far from a global…

    Read more »

  • The gravity pull of economic “soft power”

    The gravity pull of economic “soft power”

    The increasing number of developing economies lining up to join the BRICS bloc raises questions on whether this appeal is transitory or based on long-term fundamental factors. At this stage one would struggle to come up with a unifying theme in the pattern of economic policies pursued by BRICS that would serve as a point…

    Read more »

  • On the typology of regional integration blocs

    On the typology of regional integration blocs

    The widening array of regional integration arrangements across the global economy presents a variety of development models and structural features that may be amenable to broad characterization and classification. Some of the approaches in the past included the classification of regional blocs according to the level of economic integration reached – customs union, FTA or…

    Read more »

  • What scope for more regionalism in G20?

    What scope for more regionalism in G20?

    The entry of the African Union (AU) into G20 proclaimed in 2023 is to be tested this year in terms of the contribution that this regional bloc can deliver to the decision-making at the global level. With South Africa taking chairmanship in the G20 in 2025, there may be a window of opportunity in the…

    Read more »

  • Why developed economies benefit from South-South cooperation?

    Why developed economies benefit from South-South cooperation?

    One of the developments in recent years has been the rising intensity of South-South cooperation, whether in the sphere of mutual trade, investment or policy coordination on key issues on the global agenda such as climate change. These trends are welcome as they address some of the key imbalances in the global economy. For developing…

    Read more »

  • A look into a new BRICS poll

    A look into a new BRICS poll

    One of the interesting BRICS-related developments in the course of this month was the release of a poll conducted by Gallup International with ROMIR agency conducting the Russian part of this poll. The poll was conducted in 44 countries of the world to reveal the attitudes of the population to the BRICS expansion that was…

    Read more »

  • Brazil at the helm of G20: bridging the divides

    Brazil at the helm of G20: bridging the divides

    Brazil’s chairmanship in the G20 this year is a unique chance for the Global South to extend its representation in key global platforms as well as a crucial opportunity for the global community to overcome the divides between the developed and developing economies. Brazil’s Lula has been active in advancing projects and platforms that go…

    Read more »

  • Institutionalizing BRICS: a treacherous path

    Institutionalizing BRICS: a treacherous path

    Against the backdrop of a sizeable expansion in BRICS membership, debates have intensified over the expediency of the bloc’s institutionalization to cope with the rising complexity in its operations. In particular, calls have been voiced on the desirability of a permanent secretariat and headquarters to be established so that BRICS becomes a full-fledged international organization…

    Read more »

  • A revamped BRICS CRA to model IMF blueprint?

    A revamped BRICS CRA to model IMF blueprint?

    On February 7th Russia hosted an online meeting of Deputy heads of the Central Banks and Ministries of Finance of BRICS economies. One of the key themes on the agenda was the reform of the international financial system as well as the revamping of the BRICS Contingent Reserve Arrangement (BRICS CRA). The latter initiative may…

    Read more »