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Tierra del Fuego: a new dimension to BRICS+
The declarations by the new authorities of Argentina regarding the country’s plans not to accept the invitation to join BRICS may have led to consternation across the Global South. But what this BRICS expansion debacle has uncovered is a potential new dimension to the format of BRICS+ that may open new gateways to South-South cooperation.…
The significance of the social dimension in BRICS development
The ESG paradigm that became so prevalent in the corporate sector of the global economy in recent years often prioritized more stringent environmental standards, with the Social and the Governance elements being accorded at times secondary importance. This has also been the case with many emerging markets, where the rush to secure higher ESG ratings…
Scaling up financing for environmental projects
Next week the world will be following the developments around the COP28 summit in Dubai, where the global community will discuss proposals to cut emissions and improve the environmental outlook for the world economy. Developing economies and in particular the BRICS hold the key to the success of global de-carbonization. With BRICS expansion set to…
BRICS+ minus Argentina
The victory of Javier Milei in Argentina’s presidential elections on November 19th, 2023 will have a significant impact on the economic evolution of the Global South, its regional integration impulses (most notably with respect to MERCOSUR and UNASUR) and of course the process of BRICS expansion. Milei’s chief economic advisor Diana Mondino has already dismissed…
The regionalization of global economic governance
The calls for the reform of the global governance construct are mounting and in the course of this year the world witnessed a number of crucial steps in this direction. One of such landmark events this year has been the creation of a platform for cooperation among the multilateral development banks (MDBs) under the auspices…
BRICS Holds Diverse Potential Support For Africa – Interview
The following is an abridged version of the interview published on October 30, 2023 in Eurasia Review: According to authentic reports, a number of African countries such as Algeria, Angola, DR Congo, Gabon, Guinea-Bissau, Kenya, Nigeria, Senegal, Sudan, Tunisia, Uganda and Zimbabwe have expressed interest in joining BRICS. Egypt and Ethiopia have gained full-fledged membership…
How BRI’s financial integration transforms global economic construct
Editor’s note: Since its inception in 2013, the Belt and Road Initiative (BRI) has transformed ideas into actions, from a vision into reality, and from a general framework into concrete projects. Evaluating the BRI’s accomplishments over the last decade raises questions. How has the BRI advanced policy coordination, infrastructure connectivity, unimpeded trade, financial integration, and closer…
IMF – World Bank Annual meetings: the emergence of a platform for MDBs
This year’s Annual meetings of the IMF and the World Bank focused on ways in which the global economy could mobilize resources more effectively to counter the increasing number of global challenges ranging from climate change to poverty reduction. Along with India’s G20 presidency one of the key themes for the Bretton Woods institutions in…
Reforming the WTO: what role for the Global South?
The theme of the reform of the World Trade Organization (WTO) has received significant attention from India’s presidency in the G20 in 2023. Within the framework of the Think 20 (an academic offshoot of the G20) several policy briefs have been dedicated to the theme of imp-roving the operations of the WTO, with a key…
A best-case scenario for the Global South
In the past several months it has become fashionable to talk up the theme of China’s economic demise and the ascendancy of India as the main growth engine of the Global South. Mass media, academic gurus, fund managers and corporates are starting to argue in favor of re-directing financial flows away from China to India.…
