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Can one of the most powerful world bodies be expanded to respond to the needs of the emerging world order? Lots of debates have taken place in this context. Countries all over the globe do not deny this emerging imperative, but the crucial question then rises why this has not been realized? As deliberated in the 8th intergovernmental meeting of the United Nations last week, the G-4 (Brazil, India, Germany and Japan) countries further reiterated their demand to expand the crucial body or the world has to confront the challenges at its ‘own peril’...
Aurobinda MAHAPATRA | 17.04.2012 |
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The agreement to explore in greater detail the establishment of a BRICS Development Bank (South-South Bank) and an Infrastructure Investment Fund is an issue of special importance... An agreement to replace the US dollar by own currencies in mutual credit lines is a great achievement of the summit too. The member countries demonstrated a desire to reduce the risks associated with the current economic woes in the United States. Actually it means that BRICS countries are saying that the US economy is currently ineffective and prone to risks...
Andrei AKULOV | 01.04.2012 |
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The sight of the BRICS has been an eyesore for the developed countries ever since its inception. The sense of irritability has now given way to disquiet bordering on hostility. There is a compelling urgency that BRICS is assuming habitation and a name. True, nothing of an earth-shaking nature has emerged from the New Delhi summit. Yet, there are new stirrings that herald the potential for a BRICS surge. And that causes disquiet to the developed world. Simply put, as the Delhi Declaration by the BRICS countries reminds is, it is a “platform for dialogue and cooperation amongst countries that represent 43% of the world’s population” in a multi-polar world. That is saying a lot...
Melkulangara BHADRAKUMAR | 31.03.2012 |
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The fourth summit of the BRICS nations (Brazil, Russia, India, China, and South Africa) took place in Delhi on March 28-29. The summit ended with the participants signing a joint declaration, summarizing cooperation between the BRICS member states and outlining the prospects for further cooperation. China thanks to its fast-growing economy often referred to as the BRICS` ‘informal leader’, this time managed to regain its ‘best of the equals’ status... BRICS nations have confirmed their readiness to expand the role of their group of emerging economies on the global financial scene...
Vladimir PORTYAKOV | 31.03.2012 |
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...The new prospects emerging thanks to the BRICS international cooperation pattern may become an alternative to the Anglo-Saxon “global governance” model. It’s quite possible the new pattern may be a harbinger of reshape (if not the end) of the UN as well as the decline and inevitable restructurization of such international bodies as IMF, World Bank and WTO.
Tiberio GRAZIANI | 06.03.2012 |
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The crisis in Syria shows that Russia and China are creatively adapting the tenets of ‘non-alignment’ to the prevailing world order. This has brought the two countries closer together than at anytime in modern history. They share a common aversion toward Cold-War era ‘bloc mentality’. Neither is prescriptive as to how others should order their national life... What happens in Syria is going to determine the fate and character of the multipolar world order in the coming decades... If India joins hands with Russia and China in an endeavor in search of peace and reconciliation, the prospects of success will remarkably improve. Other influential voices in the world community – the ‘silent majority’ – will also feel encouraged to express their deep disquiet about what is happening in Syria so soon after the West’s bloody war in Libya...
Melkulangara BHADRAKUMAR | 06.03.2012 |
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Apropos the crisis in Syria, which is arguably, the “hottest” issue in international politics today, the BRICS showed up worrying signs of an identity crisis of its own. Russia and China vetoed the Arab League resolution on Syria in the United Nations Security Council, while India and Brazil voted for the resolution. The pattern repeated a week later in the UN General Assembly... Therefore, it comes as a pleasant surprise that the rumor regarding the BRICS’ premature death was an exaggeration. The tidings from Mexico City this week show that BRICS is not only up and about but, in a manner of speaking, raring to go as it approaches the annual summit in the Indian capital on March 28-29...
Melkulangara BHADRAKUMAR | 29.02.2012 |
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The rise of BRICS (Brazil, Russia, India, China and South Africa – the last one joined the group last year) within a span of three years since its formal inauguration in Russian city of Yekaterinburg in 2008 is really phenomenal...
Aurobinda MAHAPATRA | 07.11.2011 |
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In mid May the president of the Islamic Republic of Pakistan A.A. Zardari visited Russia... By 2030 the population of South Asia may reach 2 billion people. Pakistan, Bangladesh and India are the countries with extremely severe economic problems. Since ancient times the Indian subcontinent and the adjacent territories were linked with Central Asia by million of invisible threads and Moscow is very concerned over the situation there especially after “Arab revolutions”...
Andrei VOLODIN | 08.06.2011 |
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'Obsolete unwritten convention’ – this is how the executive directors of the BRICS nations at the International Monetary Fund (IMF) board formulated the selection process of the head of one of the premier international bodies. The convention is that both the Bretton Woods structures – the IMF and the World Bank – created in the 1944 are headed by the leaders from the West. The rise of BRIC in the post-cold war era has shifted the global power of balance from west to east
Aurobinda MAHAPATRA | 28.05.2011 |
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