.... What will be the future course taken by the African Union along the North-South (G20/BRICS) axis and are there prospects for the AU to become a permanent part of the BRICS/BRICS+ decision-making process?
Calls for other regional blocks to join the EU as members of G20 have been voiced years ago[1] and with respect to the African Union they have become much more vocal in the past several years as the AU has exhibited rising prominence and success on the international stage. Last year support for AU’s membership ...
... “Group of 20”. Such calls came from both the academic community (Jeffrey Sachs being a case in point) as well as the African economies themselves. Indeed, at this stage the only regional organization that is accorded full-fledged membership in the G20 is the European Union and there should be no reason why it should exercise exclusive representation of all the regional organizations in the global economy. In fact, the African Union attained crucial advances in regional economic integration in the past several ...
... the United States, and it spread to affect all the countries of the world. Immediately, the G20 was "promoted" to the level of the countries’ leaders. Were yesterday's hegemons ready to hear other opinions different from theirs? Or has the G20 become a new, 21st century round of the very concept of trilateralism, where the too-rapid growth of the developing states of Asia, Latin America and Africa can be substituted for the too-rapid growth of Western Europe and Japan in the 1960-70s? As in its first incarnation, this scenario has called into question the ability of Washington to govern without regard to these new centres of power amid a transition from de facto unipolarity to multilateralism. In the ...
... against China, while the initiations in trade disputes and restrictions were led by the developed economies such as the US and the EU.
Large economies also tend to have significantly more allocations towards defence compared to small economies. Hard power tends ... ... organizations and networks. These platforms could be created on the basis of existing arrangements and economic blocs — in the case of G20 there could be a case for creating a regional R20 composed of the regional integration blocs where G20 countries are members....
... growth. This was most clearly observed in 2020, when Russia’s fiscal stimulus proved to be more moderate than in most of the G20 economies. This was replicated in 2021 as well, with further waves of the pandemic eliciting a relatively moderate fiscal ... ... which the green/environmental agenda was embraced across the world economy, most notably in all of the main global centres – Europe, the US and China. This was the case in Russia as well, with most of major companies adopting ESG strategies and the authorities ...
