In this issue:
In “BRICS Bank: New bottle, how’s the wine?" Sameer Dossani of Action Aid International explores questions about the Banka and the increasing role of Southern countries as agents of development.
In “The BRICS: The Struggle for Global Hegemony in a Multi-Polar World”, Graciela Rodriguez of Instituto EQUIT and member of REBRIP describes BRICS’s potential to supplant the orthodox neoliberal model with a state-led economic system.
In “The Global Economic Chessboard and the Role of the BRICS: Brazil, Russia, India, China, and South Africa”, Professor Jayati Ghosh of Jawaharlal Nehru University describes the challenges of the BRICS, including ways it can deal with Southern countries without repeating the mistakes of the North.
In “China’s role in G20/BRICS and implications,” Gudrun Wacker, Senior fellow, German Institute for International and Security Affairs, describes why BRICS may have less existential importance for China than G20 and regional “clubs” and how China is launching the Asian Infrastructure Investment Bank.
In his article, “High Ambitions: the Programme for Infrastructure Development in Africa (PIDA),” Mzukisi Qobo, Centre for the Study of Governance Innovation, University of Pretoria describes how PIDA has a blueprint for the financing of megaprojects by the BRICS Bank, among others
In “Club Governance: Prospects for civil society engagement”, Vitaliy Kartamyshev of GCAP-Russia, discusses the evolution and roles of the BRICS, particularly in international development.
“Must Reads” cover reflections by India’s Observer Research Foundation; Oliver Stuenkel, Getulio Vargas Foundation (Brazil); Vijay Prashad, Trinity College (US); Patrick Bond, University of KwaZulu-Natal (SA); and Kavaljit Singh, Public Interest Research Centre (India). Singh also wrote a “Knowledge Box” about the BRICS Contingency Reserve Arrangement.