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looking beyond borders

foreign policy and global economy

Archive for the tag “BRICs”

Even With Modi Back On Board, China Will Find It Hard To Keep Emerging Markets Club Together

The confirmation that Indian Prime Minister Narendra Modi will show up in the coastal city of Xiamen has cleared a major obstacle to a “successful” BRICS leader summit – an event that China has been preparing for months to showcase its global influence. However, a ceremonial summit may not heal deep cracks in the club of Brazil, Russia, India, China and South Africa.

Read Here – South China Morning Post

Also Read: Five Things To Watch Out For At The BRICS Nations Summit

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Lessons Learned In Tense China-India Border Row, But It Will Cast A Long Shadow

The protracted border row between China and India has ended in time for a summit of the world’s leading emerging market economies, but analysts say it will cast a long shadow over the geopolitical landscape.

Read Here – South China Morning Post

Can India And China Use BRICS To Build A House?

It would be prudent for China to stop treating India as an economic laggard to itself that can be coerced into submission and realise that such actions only push India, against its will, towards the west. India on the other hand must continue to advocate for an increased joint collaboration with China in multi-lateral institutions, even if it’s voting shares in such institutions is second to China.

Read Here – The Indian Express

Also Read: Time for India to push past anger and strengthen BRICS cooperation

Will the World Ever Boom Again?

The problem is that China’s recent slowdown from 10 percent annual growth to about 7 percent is only the beginning. The recent drops in housing and stock prices are harbingers of a further economic moderation. That is inevitable, since no country can grow at a breakneck pace forever. And with the slowing of China, Brazil and Russia have been slowing as well — the heyday of the BRICs (Brazil, Russia, India and China) is over. But the really worrying question is: What if other nations can’t pick up the slack when China slows? What if China is the last country to follow the tried-and-true path of industrialization?

Read Here – Bloomberg

The BRICS: Beyond The Hype

The BRICS grouping—comprising Brazil, Russia, India, China, and South Africa—is as contentious as it is misunderstood. Skeptics dismiss the BRICS out of hand, arguing that the coalition is all talk and no action. Enthusiasts, on the other hand, maintain that the BRICS portend a new global pecking order—one in which the emerging economies, led by China, will challenge and eventually overtake a West in decline. More sober analysis is hard to come by.

Read Here – The National Interest

China’s Master Plan To Thwart American Dominance In Asia

One of China’s overriding strategic goals is to thwart the U.S. rebalance of attention and resources to the Asia-Pacific region. At the twin summits of the Brazil-Russia-India-China-South Africa forum (BRICS) and the Shanghai Cooperation Organization (SCO) in Ufa, Russia, President Xi Jinping presented the outlines of the triple approach that Beijing will utilize.

Read Here – The National Interest

Here’s the $17 Trillion Reason Why the BRICS Summit This Week Is a Big Deal

Leaders of the so-called BRICS countries are meeting starting Wednesday in Ufa, Russia. Here’s what you need to know about these emerging market economies to follow the summit.

Read Here – Bloomberg

Bloomberg

A Good Question To Ask

What do the 2,400 people who work for the International Monetary Fund (IMF) actually do?

Read Here – Brookings

Can India And China Be Friends?

China has lots of capital, and India needs to build a huge amount of infrastructure. But, as ever, something that seems simple on the surface is made considerably murkier due to politics. Of the many contested land borders the People’s Republic of China had when established in 1949, many of the remaining ones are with India.

Read Here – The Diplomat

A New Bank, BRIC By BRIC; India To Preside

Leaders of the Brazil, Russia, India, China and South Africa — all emerging market nations — launch a $100 billion development bank and a currency reserve pool in their first concrete step toward reshaping the Western-dominated international financial system. The bank, aimed at funding infrastructure projects in developing nations will be based in Shanghai and India will preside over its operations for the first five years, followed by Brazil and then Russia.

Read Here – Reuters

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