... predecessors from the leftist camp (Presidents Lula da Silva and Dilma Rousseff), Bolsonaro was not close to the idea of uniting the Global South under the banner of reshaping the world order. However, more pragmatic, technocratic areas that are objectively beneficial ... ... chairmanship in 2019. Paradoxically, such a narrowing of the agenda played a rather constructive role in the development of BRICS, since the quality of the elaboration of joint decisions was so high that Deputy Foreign Minister Sergey Ryabkov, Sherpa ...
... standardized protocols for investment projects, including with respect to PPPs); greater scope for digital economic alliances that may be particularly amenable to scale and replication.
Potentially this sequential approach to building alliances across the Global South on the basis of the BRICS+ “integration of integrations” could become a basis for re-starting the globalization process in the world economy bottom-up (from the level of countries and regional blocs) rather than top-down (solely from the level of global organizations)....
... his RICs concept, China originated the idea of “BRICS+.” Could you tell us a bit more about this project? What are its strengths and weaknesses?
YL:
BRICS+ is an innovative concept that opens up myriad possibilities to pursue cooperation between BRICS and their partners from the Global South. It is not about the expansion of membership of the BRICS itself but rather the concept is directed at building multiple frameworks for cooperation between the BRICS economies and the various circles of friends/partners.
One track that is ...
... process”.
Another issue relevant to the evolution of the BRICS+ framework is whether there should be a prioritization of the accession to the BRICS core of those developing economies that are members of the G20 grouping. In my view the G20 track for BRICS is a problematic one – the priorities of the Global South could get weakened and diluted within the broader G20 framework. There is also the question about the efficacy of G20 in coordinating the joint efforts of developing and developed economies in the past several years in overcoming the effects ...
... developing world with important implications for the future evolution in global governance. On the other hand, the issue of the BRICS expansion that emerged in May 2022 suggests that rather than the aggregation of regional integration groups of the Global South under the banner of BRICS+ a different track is entertained by China and its BRICS partners that targets increasing the membership of the core of the Global South.
Hence, the current dilemma of the Global South is the following: to prioritize the expansion in the core, ...
... membership by admitting BRICS states’ regional partners, including several states admitted to BRICS’ NDB.
On the whole, the prospects of transforming the world economy today are tightly bound to coordinating the activities of the largest countries of the Global South, primarily the BRICS states. However, a global restart of global economic development requires a larger interaction format, BRICS+, that will make it possible to engage other developing countries in the process. In this case, the process of reformatting the world economy ...
... — 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. Similarly, for the BRICS, a BRICS+ format that brings together regional integration arrangements where BRICS economies are members provides for smaller emerging markets to deliver their contribution to the process of economic integration in the Global South.
Source:
Valdai. Discussion club
... Brazilian IT-company Compusoftware. Softline has also participated in the business meetings accompanying the BRICS summits, with company representative offices being opened in Brazil and India. More Russian companies as well as corporates from other BRICS countries are likely to accord greater importance to emerging markets in the coming years, which will serve to strengthen the micro-foundations of the integration platforms in the Global South.
Source:
Valdai. Discussion club
