Commentary / World Jul 1, 2015
China's new international growth agenda
by Michael Spence
China now has a strategy to ensure its economic transformation benefits other countries in Asia and beyond.
Commentary / World Jun 18, 2015
Can the BRICS fulfill their former promise?
by Michael J. Boskin
The ability of the BRICS countries to develop institutions that support greater economic freedom, with more reliance on market competition and less on government, will likely be the main determinant of their long-term success.
Commentary / World Apr 13, 2015
by Gwynne Dyer
According to one forecast, most BRIC economies will fail to meet long-range growth expectations.
Commentary Nov 3, 2014
by Ramesh Thakur
All five BRICS countries — Brazil, Russia, India, China and South Africa — have vested interests in developing long-term alternative financial institutions for parking their money and moving it internationally, independent of the West's bullying instincts and addiction to sanctions.
Commentary / Japan Aug 11, 2014
Building global support for a new economic balance
by Chikako Nakayama
The proposed BRICS-led development bank sounds promising for developing countries in Asia and Africa, as it may exercise indirect influence on the activities of those development banks that reflect the intentions of their national governments.
Commentary / World Jul 22, 2014
by Ramesh Thakur
Western countries' insensitivity toward others' voices, values and interests lies behind the creation and evolution of BRICS (Brazil, Russia, India, China and South Africa), whose New Development Bank will give priority to loans for developing countries to finance infrastructure projects and industrialization.
Commentary / World Jul 22, 2014
Success of Chinese reform is key to BRICS' rise
by Pankaj Mishra
Last week, BRICS (Brazil, Russia, India, China and South Africa) took a decisive step toward building institutions that could plausibly challenge the long geopolitical and economic ascendancy of the West. But Vladimir Putin's posturing at the meeting just hours before a Malaysia Airlines jetliner ...
Editorials Jul 21, 2014
The financial heft of the BRICS group — Brazil, Russia, China, India and South Africa — has just advanced a step, at least symbolically, with its decision to launch the New Development Bank. A $100 billion reserve fund will be available to members that ...
World / Politics Jul 15, 2014
A summit of the BRICS group of emerging market countries will abstain from criticizing Russia's recent actions in Ukraine, Brazilian officials said, a diplomatic victory for President Vladimir Putin. The summit statement will make only a passing reference to Ukraine and will echo the neutral ...
Commentary / World Jul 14, 2014
A consensus for giving BRICS more leverage
by Kevin P. Gallagher
Leaders of the BRICS countries (Brazil, Russia, India, China and South Africa) travel to Brazil this month with the hope of establishing a new development bank and a reserve currency pool arrangement.
Commentary / World Jun 11, 2014
U.S. foreign policy marked by blatant hypocrisy
by Ramesh Thakur
It is a truth universally acknowledged that behavior by others inconsistent with social norms is condemned as hypocrisy but similar discrepancies in our own conduct is rationalized as understandable prioritization in the face of multiple goals. When the military deposed Egypt's first freely elected ...
Commentary / World Aug 8, 2013
by Andrey Borodaevskiy
The absence of developed cooperative ties and of commercial turnover growth within the BRICS grouping may only perpetuate existing structural differences.