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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…
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.…
Policy-makers waking up to the regionalization trends
On July 17-18, 2023 an EU-CELAC summit of the heads of state and governments is to be held in Brussels, with some of the possible themes for discussion featuring the progress in the EU-MERCOSUR FTA deal. Such an FTA agreement would be one of the most significant steps directed at boosting economic cooperation between regional…
