If this week’s BRICS summit in Durban, South Africa, passed you by, we don’t blame you. The leaders of Brazil, Russia, India, China and South Africa met, as they do once a year, to advance their common interests. They found, as they do once a year, that they don’t have many, so not much happened. […]
The five countries known as the BRICS have 43 percent of the world’s population, $4.4 trillion in currency reserves, and generally healthier economic growth than Europe and the U.S. Yet to their frustration, Americans and Europeans still dominate policymaking at the World Bank and the International Monetary Fund. Should the five—Brazil, Russia, India, China, and […]
This week, 5,000 delegates from developing nations have gathered in the coastal city of Durban for the fifth annual BRICS summit, and the first to be held in South Africa, which joined the association of emerging national economies in 2010, formally becoming the “S” in the BRIC wall. But the location of this year’s summit underscores […]
There is something about the number five in Sino-Indian relations. Asia’s two giants have long defined their relationship in terms of the famous Pancha Sheela: mutual respect for each other’s territorial integrity and sovereignty; mutual non-aggression; mutual non-interference in each other’s internal affairs; equality and mutual benefit; and peaceful co-existence. Read Here – Project Syndicate
President Xi Jinping is expected to hold his first meeting as China’s new leader with Prime Minister Manmohan Singh this week, along the sidelines of the March 26 BRICS Summit in South Africa. The talks — they are expected to be a brief event according to officials in Beijing, who cited the limitations of Mr. […]
On the second leg of his first overseas trip as China’s head of state, Xi Jinping is visiting a number of destinations in Africa, including Tanzania, the Republic of Congo, and South Africa where he will attend the 5th BRICS Leaders Summit in Durban. Xi’s trip reflects the growing importance China places on Africa in […]
Chinese President Xi Jinping said here Tuesday that cooperation among BRICS countries will help make the global economy more balanced, improve global economic governance and promote democracy in international relations. Read Here – Xinhua
In 2001, when Jim O’Neill of Goldman Sachs coined the acronym BRIC to refer to Brazil, Russia, India, and China, the world had high hopes for the four emerging economies, whose combined GDP was expected to reach $128.4 trillion by 2050, dwarfing America’s projected GDP of $38.5 trillion. When the four countries’ leaders gather on March 26 […]
Whatever may be said about India, it is obvious that no structural transformation of our largely poverty-stricken economy has occurred and what is more, none seems very likely in the immediate future. Not only have three decades of high GDP growth gone unaccompanied by a societal transformation, we seem to have regressed on certain fronts. Read […]
With a whiff of global recovery in the air and central bank liquidity abundant, investors in 2013 are packing their bags for China, fellow ‘BRICs‘ Brazil and Russia, long-dormant Japan and even some Mediterranean sun. Of course, seeking consensus on the top country destinations for the year ahead is hardly an exact science. Often the simplest game […]
looking beyond borders 