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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 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 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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It is possible to exaggerate the substantive outcome of the summit meeting of the BRICS countries last week in Sanya, China, and, equally, it may seem expedient to underplay its meaning and consequence. But three things stand out. First, it is no more possible to ignore the BRICS; simply put, it has come to stay as an enduring feature of the global economic and political architecture. Second, BRICS is unique... Third, it is virtually impossible to duplicate BRICS; you can imitate it, maybe even parody it, but you can never quite replicate it as a geopolitical reality...
Melkulangara BHADRAKUMAR | 17.04.2011 |
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It is an open secret that the US largely owes its own prosperity as well as the ability to support countries eager to stay in Washington's orbit to the privilege of flooding the world with dollars which, like counterfeit money, totally lack material backing... S. Hussein who banned dollar circulation in all spheres of Iraq's economy including oil trade was displaced and executed and his country was left in ruins. M. Gadhafi started switching Libya's oil and gas business to gold-backed Arab currencies and air raids against the country followed almost immediately...
Leonid IVASHOV | 16.04.2011 |
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The bilateral trade agreement of China with Latin America rocketed from US$10 billion in 2000 to US$143.4 billion in 2008. During the first nine months of 2010, there was an increase of 68%, according to the ECLAC. China relies on Brazil, Chile, Mexico, Argentina, and Venezuela as its main trade partners... This leads us to conclude that the times of United States unipolarity are declining, and that after the tsunami that destroyed the neoliberal ideas, Latin America should take advantage of these times of multipolarity and the changes of the economic paradigms...
Carlos Pereyra MELE | 16.04.2011 |
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It is high time for the BRICS nations to agree on a joint initiative to settle the Libyan crisis... China and Russia have had intense military cooperation with Tripoli. All their efforts will turn to be in vain in case Gaddafi is toppled to give way to various militant groups guided by CIA, MI6 and Mossad... Meanwhile, there are reports that operation 'Odyssey. Dawn' is not successful any longer... There are fears that Gaddafi`s supporters may be plotting revenge in Europe...
Nil NIKANDROV | 12.04.2011 |
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The BRICS summit will convene in China's Sanya beach resort on April 14... It is clear that the revolutionary tide in North Africa and the Middle East and particularly the international intervention in Libya invite resolute steps aimed at rebuilding the international security... Even though BRICS remains an informal partnership akin to G8 or G20, "the new influentials" need to make concerted efforts to offer the world an updated international relations model accounting for their convincing rise...
Andrei VOLODIN | 11.04.2011 |
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The meeting of the foreign ministers of India, Brazil and South Africa (IBSA) in New Delhi on 7 March 2011 and the declaration next day on the issues including the ongoing crisis in North Africa, and on issues like reform of the United Nations and terrorism are some remarkable developments with wider implications...
Aurobinda MAHAPATRA | 10.03.2011 |
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