NATO member Turkey’s intention to join the 9-member body that functions as an alternative to the Western-led order shows Ankara’s global ambitions.
Articles on BRICS Development Bank
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BRICS nations – Brazil, Russia, India, China and South Africa – compose 41% of the world population and almost a third of global GDP.
There is increased demand to join BRICS in the emerging world order, partly as a countervailing power to “the west”.
The New Development Bank doesn’t have mechanisms that communities can use to hold it accountable or seek redress.
Hosted by Russia, the summit gave the BRICS group a chance to harmonise their approach before the G20 meeting in Riyadh.
The 10th BRICS Summit will be judged by how it tackles the prevailing global political and structural challenges.
The BRICS New Development Bank has promised to change the world of multilateral development funding but has so far failed to live up to expectations.
The BRICS bloc of states have resolved to establish an alternative credit rating agency to counter western dominance in the financial markets. Will it work?
BRICS is slowly being written off as a bloc that can administer coherent political action.
BRICS goes into its eighth summit with lots of hurdles. Sanusha Naidu consideres its future prospects.
The BRICS bank is positioning itself to play a significant role in those areas in which the international financial institutions are seen to have failed.
When it comes to the global political economy, no one “talks left and walks right” more than China, a dominant player in global capitalism. South African and Chinese aspirations have much in common.
Since time immemorial, huge infrastructure projects have been financed with funds from the capital markets. Africa should not rely on development finance institutions.
Top contributors
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Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town
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Associate professor, University of Cape Town
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Professor of Political Economy, University of the Witwatersrand
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Head: Wits School of Governance, University of the Witwatersrand
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Director of the Centre for Chinese Studies, Stellenbosch University
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Professor/Senior Research Fellow, Centre for Advancement of Scholarship, University of Pretoria
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Senior Researcher, University of South Africa
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Professor in Geography, Trinity College Dublin
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Extraordinary lecturer at the Centre for Human Rights, University of Pretoria
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Assistant Professor of Global Studies, Sacred Heart University
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Adjunct Lecturer in the International Studies Program, Boston College
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Senior Lecturer in Human Resource Management, Keele University
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Senior Fellow, The Fletcher School, Tufts University
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Professor of Economics, University of the Western Cape
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Outgoing Interim Director of the Frederick S. Pardee Center for the Study of the Longer-Range Future, Boston University