BRICS in Africa: Collaboration for Inclusive Growth and Shared Prosperity in the 4Th Industrial Revolution
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United States – Africa Summit National Statement of the Arab Republic of Egypt
UNITED STATES – AFRICA SUMMIT NATIONAL STATEMENT OF THE ARAB REPUBLIC OF EGYPT ____ The convening of the first USA- Africa Leaders’ Summit attests to the vibrant and traditional ties that link Africa to the United States. With the recent unprecedented economic growth in many of our countries, these relations gain more momentum and new horizons. Egypt appreciates the important role that the United States plays in Africa, in particular with regard to investing in Africa’s future generations by contributing to conflict prevention and resolution, counterterrorism and mediation efforts in African conflicts, as well as by empowering African youth and women. Increased American private sector investment in Africa and the many examples of successful Public-Private partnerships point to commendable endeavors on both sides to achieve their common interests. Our summit coincides with a challenging chapter of Egypt’s long history. Egypt has witnessed two unprecedented popular revolutions in less than three years, and is now on the threshold of a future that promises great opportunities, yet it is fraught with numerous challenges. In this respect, Egypt has embarked on two interrelated paths; on one hand by consolidating its national political, economic, and social infrastructure to meet the aspirations of its people, and on the other hand by fostering existing relations and envisioning new horizons of cooperation with our partners at the bilateral, regional and international levels. On the national level, and following the successful conduct of the referendum on the constitutional amendments last January and the Presidential elections last May, the Egyptian people are moving steadily in implementing the remaining milestone of the “Roadmap for the Future” they have chosen to achieve justice, freedom, respect of human rights, namely holding the parliamentarian elections in the next fall. -
Brics” Economies the New Phase of Globalisation
The Rise of “Brics” Economies the New Phase of Globalisation Aswani Alexander Assistant professor Department of management St Paul institute of professional studies Indore INTRODUCTION Coordination between Brazil, Russia, India and China (BRIC) began informally in 2006, with a working meeting of the foreign ministers of the four countries on the sidelines of the United Nations General Assembly. Since then, the acronym, created a few years earlier by the financial market, no longer confined itself to identifying four emerging economies. BRIC became a mechanism for cooperation in areas that have the potential to generate concrete results for Brazilians and the peoples of the other member countries. Since 2009, the Heads of State and Government of the group meet annually. In 2011, at the Sanya Summit, South Africa became part of the grouping, adding the "S" to the acronym, now BRICS. In the last 10 years, 10 Summit meetings have taken place, with the presence of all the leaders of the mechanism: 1st Summit: Yekaterinburg, Russia, June 2009; 2nd Summit: Brasília, Brazil, April 2010; 3rd Summit: Sanya, China, April 2011; 4th Summit: New Delhi, India, March 2012; 5th Summit: Durban, South Africa, March 2013; 6th Summit: Fortaleza, Brazil, July 2014; 7th Summit: Ufa, Russia, July 2015; 8th Summit: Benaulim (Goa), India, October 2016; 9th Summit: Xiamen, China, September 2017; 10th Summit: Johannesburg, South Africa, July 2018; and 11th Summit: Brasília, Brazil, November 2019 Since the first summit in 2009, BRICS has significantly expanded its activities in several fields, but it was the financial field that guaranteed greater group visibility from the outset. -
China-India Relations Strategic Engagement and Challenges
AAssiiee..VViissiioonnss 3344 ______________________________________________________________________ China-India Relations Strategic Engagement and Challenges ______________________________________________________________________ Zhang Li September 2010 . Center for Asian Studies The Institut français des relations internationals (Ifri) is a research center and a forum for debate on major international political and economic issues. Headed by Thierry de Montbrial since its founding in 1979, Ifri is a non- governmental and a non-profit organization. As an independent think tank, Ifri sets its own research agenda, publishing its findings regularly for a global audience. Using an interdisciplinary approach, Ifri brings together political and economic decision-makers, researchers and internationally renowned experts to animate its debate and research activities. With offices in Paris and Brussels, Ifri stands out as one of the rare French think tanks to have positioned itself at the very heart of European debate. The opinions expressed in this text are the responsibility of the author alone. ISBN: 978-2-86592-774-6 © All rights reserved, Ifri, 2010 IFRI IFRI-BRUXELLES 27, RUE DE LA PROCESSION RUE MARIE-THERESE, 21 75740 PARIS CEDEX 15 – FRANCE 1000 – BRUXELLES – BELGIQUE Tel: +33 (0)1 40 61 60 00 Tel: +32 (0)2 238 51 10 Fax: +33 (0)1 40 61 60 60 Fax: +32 (0)2 238 51 15 Email: [email protected] Email: [email protected] WEBSITE: Ifri.org China Program, Center for Asian Studies, IFRI The Ifri China Program‟s objectives are: . To organise regular exchanges with Chinese elites and enhance mutual trust through the organi- zation of 4 annual seminars in Paris or Brussels around Chinese participants. -
Russia's Strategies Towards BRICS: Problems and Opportunities
Vestnik RUDN. International Relations 2020 Vol. 20 No. 3 534—542 http://journals.rudn.ru/international‐relations Вестник РУДН. Серия: МЕЖДУНАРОДНЫЕ ОТНОШЕНИЯ DOI: 10.22363/2313-0660-2020-20-3-534-542 Research article / Научная статья Russia’s Strategies towards BRICS: Problems and Opportunities A.A. Sergunin 1 MGIMO University, Moscow, Russian Federation St. Petersburg State University, Saint-Petersburg, Russian Federation Abstract. This article aims to examine Moscow’s policy motives regarding BRICS as well as priority areas in Russia’s strategy towards this grouping. The Russian policies towards and within BRICS represent a combination of ideational and material motives. On the one hand, BRICS is important for the Kremlin in terms of status seeking: with the BRICS’ help Russia tries to return its status of a great power, shape the future world order and to make the West abide by the rules of that order. On the other hand, Moscow values its economic and strategic partnerships with the BRICS states which are important for Russia’s well-being and for counter-balancing the West in the global geopolitical and geoeconomic game. In other words, BRICS provides Russia with additional prestige in the interna- tional arena as well as greater legitimacy to its international activities. In contrast to the West’s accusations, in case of BRICS Russia’s foreign policy behavior does not fall into the category of the revisionist one. Rather, Russia (similar to other BRICS countries) prefers to act on the basis of existing international rules and norms rather than to challenge or keep them intact. Russia aims at reforming these rules to adapt them to new global realities and make them acceptable for all the members of the world community. -
Institutionalising Pan-Africanism Transforming African Union Values and Principles Into Policy and Practice Tim Murithi
Institutionalising Pan-Africanism Transforming African Union values and principles into policy and practice Tim Murithi ISS Paper 143 • June 2007 Price: R15.00 Introduction translated into protocols, treaties and institutions. The discussion concludes with policy recommendations. The African Union has emerged as a home-grown initiative by which the African people will be able to Defining Pan-Africanism effectively take the destiny of their continent into their own hands. In this paper the creation of the AU as the The general assumption is that the process of continental institutionalisation of the ideals of Pan-Africanism will integration began with an extraordinary summit of be assessed. The underlying purpose of the creation the Organisation of African Unity (OAU) which was of the AU is to promote solidarity, cooperation and convened in Sirte, Libya, in 1999. But in fact the support among African countries and peoples so as to process began with the Pan-African movement and address the catalogue of problems they face. its demand for greater solidarity among the peoples of Africa. Therefore an understanding of the emergence Some observers and commentators of the AU should start with the evolution question whether the AU is a valid of the Pan-African movement. A review undertaking at this time, or whether it of the objectives and aspirations of Pan- is just another ambitious campaign by An understanding Africanism provides a foundation for self-seeking leaders to distract attention a critical assessment of the creation of from other, more pressing problems of the emergence the AU and its prospects for promoting on the continent. -
2016 Annual Meetings of the Boards of Governors
THE WORLD BANK GROUP Public Disclosure Authorized 2016 ANNUAL MEETINGS OF THE BOARDS OF GOVERNORS Public Disclosure Authorized SUMMARY PROCEEDINGS Public Disclosure Authorized Washington, D.C. October 7-9, 2016 Public Disclosure Authorized THE WORLD BANK GROUP Headquarters 1818 H Street, NW Washington, D.C. 20433 U.S.A. Phone: (202) 473-1000 Fax: (202) 477-6391 Internet: www.worldbankgroup.org iii INTRODUCTORY NOTE The 2016 Annual Meetings of the Boards of Governors of the World Bank Group (Bank), which consist of the International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), the International Finance Corporation (IFC), International Centre for the Settlement of Investment Disputes (ICSID), and the Multilateral Investment Guarantee Agency (MIGA), held jointly with the International Monetary Fund (Fund), took place on October 7, 2016 in Washington, D.C. The Honorable Mauricio Cárdenas, Governor of the Bank and Fund for Colombia, served as the Chairman. In Committee Meetings and the Plenary Session, a joint session with the Board of Governors of the International Monetary Fund, the Board considered and took action on reports and recommendations submitted by the Executive Directors, and on matters raised during the Meeting. These proceedings outline the work of the 70th Annual Meeting and the final decisions taken by the Board of Governors. They record, in alphabetical order by member countries, the texts of statements by Governors and the resolutions and reports adopted by the Boards of Governors of the World Bank Group. In addition, the Development Committee discussed the Forward Look – A Vision for the World Bank Group in 2030, and the Dynamic Formula – Report to Governors Annual Meetings 2016. -
Why BRICS Matters for India
Why BRICS matters for India Writer - Shubhajit Roy (Editor) This article is related to General Studies- Paper-II (International Relations) Indian Express 13 Nov., 2019 "As Prime Minister Narendra Modi attends the BRICS Summit in Brazil, a look at how the grouping began and has since evolved, what are the issues it will take up, and what it means for India in the global order." On Tuesday, Prime Minister Narendra Modi left for Brazil to attend the 11th BRICS Summit. What is on the agenda of this grouping, and why is it important? BRICS Summit: The origins, and now On November 30, 2001, Jim O’Neill, a British economist who was then chairman of Goldman Sachs Asset Management, coined the term ‘BRIC’ to describe the four emerging economies of Brazil, Russia, India, and China. In a paper, ‘The World Needs Better Economic BRICs’, written for the Goldman Sachs ‘Global Econom- ic Paper’ series, O’Neill — who went on to serve as Commercial Secretary to the Treasury between 2015 and 2016 in the governments headed by David Cameron and Theresa May — made a case for BRIC on the basis of econometric analyses projecting that the four economies would individually and collectively occupy far greater economic space and become among the world’s largest economies in the next 50 years or so. “In 2001 and 2002, real GDP growth in large emerging market economies will exceed that of the G7. At end-2000, GDP in US$ on a PPP basis in Brazil, Russia, India and China (BRIC) was about 23.3% of world GDP. -
Brasília Declaration
BRASÍLIA DECLARATION 11th BRICS Summit Preamble 1. We, the Leaders of the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People's Republic of China and the Republic of South Africa met on 14 November 2019 in Brasília, Brazil, at the Eleventh BRICS Summit, which was held under the theme “BRICS: economic growth for an innovative future”. 2. As leaders of vibrant nations, we reaffirm our fundamental commitment to the principle of sovereignty, mutual respect and equality and to the shared goal of building a peaceful, stable and prosperous world. These concepts, values and objectives provide a solid foundation and clear guidance for our mutually beneficial and pragmatic cooperation. Building on the work of successive summits in the pillars of economy, peace and security and people-to-people exchanges, we will continue to strengthen BRICS cooperation for the benefit and welfare of our peoples and enhance the traditional ties of friendship amongst our countries. 3. We are pleased with the outcomes of the 2019 BRICS Chairship (Annex 1). We recall the more than one hundred meetings held this year (Annex 2). We welcome the Ministerial and other high-level Meetings held this year in the areas of finance, trade, foreign affairs, national security matters, communications, environment, labor and employment, science, technology and innovation, energy, agriculture, health and culture. We also note the Meeting of New Development Bank Board of Governors. 4. We welcome, among other achievements, the establishment of the Innovation BRICS Network (iBRICS); the adoption of the New Architecture on Science, Technology and Innovation (STI), which will be implemented through the BRICS STI Steering Committee, and the Terms of Reference of the BRICS Energy Research Cooperation Platform. -
Global Finance's Central Banker Report Cards 2021
Global Finance’s Central Banker Report Cards 2021 NEW YORK, September 1, 2021 — Global Finance magazine has released the names of Central Bank Governors who earned “A” or “A-” grades as part of its Central Banker Report Cards 2021. The full Central Banker Report Cards 2021 report and grade list will appear in Global Finance’s October print and digital editions and online at GFMag.com. The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 101 key countries and territories including the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States and the Central Bank of West African States. About Global Finance Grades are based on an “A” to “F” scale for success in areas such as inflation control, economic Global Finance, founded in growth goals, currency stability and interest rate management. (“A” represents an excellent 1987, has a circulation of performance down through “F” for outright failure.) Subjective criteria also apply. 50,000 and readers in 191 countries. Global Finance’s “With the pandemic still surging in many areas, and inflation emerging as a major area of audience includes senior concern once again, the world’s central bankers are confronting multiple challenges from corporate and financial multiple directions,” said Global Finance publisher and editorial director Joseph Giarraputo. officers responsible for making investment and strategic “Global Finance’s annual Central Banker Report Cards show which financial policy leaders are decisions at multinational succeeding in the face of adversity and which are falling behind.” companies and financial The Central Bankers earning an “A” grade in the Global Finance Central Banker Report Card institutions. -
Building Better Global Economic Brics
Economics Global Economics Research from the GS Financial WorkbenchSM at https://www.gs.com Paper No: 66 Building Better Global Economic BRICs n In 2001 and 2002, real GDP growth in large emerging market economies will exceed that of the G7. n At end-2000, GDP in US$ on a PPP basis in Brazil, Russia, India and China (BRIC) was about 23.3% of world GDP. On a current GDP basis, BRIC share of world GDP is 8%. n Using current GDP, China’s GDP is bigger than that of Italy. n Over the next 10 years, the weight of the BRICs and especially China in world GDP will grow, raising important issues about the global economic impact of fiscal and monetary policy in the BRICs. n In line with these prospects, world policymaking forums should be re-organised and in particular, the G7 should be adjusted to incorporate BRIC representatives. Many thanks to David Blake, Paulo Leme, Binit Jim O’Neill Patel, Stephen Potter, David Walton and others in the Economics Department for their helpful 30th November 2001 suggestions. Important disclosures appear at the end of this document. Goldman Sachs Economic Research Group In London Jim O’Neill, M.D. & Head of Global Economic Research +44(0)20 7774 1160 Gavyn Davies, M.D. & Chief International Economist David Walton, M.D. & Chief European Economist Andrew Bevan, M.D. & Director of International Bond Economic Research Erik Nielsen, Director of New European Markets Economic Research Stephen Potter, E.D. & Senior Global Economist Al Breach, E.D & International Economist Linda Britten, E.D. -
THE AFRICAN UNION: Forward March Or About Face-Turn?
THE AFRICAN UNION: Forward March or About Face-Turn? Amadu Sesay Claude Ake Memorial Papers No. 3 Department of Peace and Conflict Research Uppsala University & Nordic Africa Institute Uppsala 1 © 2008 Amadu Sesay, DPCR, NAI ISSN 1654-7489 ISBN 978-91-506-1990-4 Printed in Sweden by Universitetstryckeriet, Uppsala 2008 Distributed by the Department of Peace and Conflict Research (DPCR), Uppsala University & the Nordic Africa Institute (NAI), Uppsala Phone (DPCR) +46 18 471 76 52; (NAI) +46 18 56 22 00 Fax (DPCR) +46 18 69 51 02; (NAI) +46 18 56 22 90 E-mail (DPCR) [email protected]; (NAI) [email protected] www.pcr.uu.se; www.nai.uu.se 2 The Claude Ake Visiting Chair A Claude Ake Visiting Chair was set up in 2003 at the Department of Peace and Conflict Research (DPCR), Uppsala University, in collaboration with the Nordic Africa Institute (NAI), also in Uppsala. Funding was provided from the Swedish Government, through the Swedish Ministry for Foreign Affairs. The Chair was established to honour the memory of Professor Claude Ake, distinguished scholar, philosopher, teacher, activist and human- ist, tragically killed in a plane crash near Lagos, Nigeria, in 1996. The holders of the Claude Ake Visiting Chair give, at the end of their stay in Uppsala, a public lecture, entitled the ‘Claude Ake Memorial Lecture.’ While the title, thematic and content of the lecture is up to the holder, the assumption is that the topic of the lecture shall, in a general sense, relate the work of the holder to the work of Claude Ake, for example in terms of themes or issues covered, or in terms of theoretical or normative points of departure. -
The African Union (AU): Key Issues and U.S.-AU Relations
The African Union (AU): Key Issues and U.S.-AU Relations Nicolas Cook Specialist in African Affairs Tomas F. Husted Research Assistant December 16, 2016 Congressional Research Service 7-5700 www.crs.gov R44713 The African Union (AU): Key Issues and U.S.-AU Relations Summary U.S. relations with the African Union (AU), an intergovernmental organization to which all African countries except Morocco belong, have strengthened over the past decade. U.S.-AU cooperation has traditionally focused on peace operations and conflict prevention and mitigation. U.S. aid for AU democracy-strengthening initiatives is another key focus of engagement. Other areas of cooperation include economic development, health, governance, peace and security capacity building, and criminal justice. Direct U.S. aid to the AU Commission (AUC, the organization’s secretariat), which oversees AU program activity, is moderate; most U.S. aid in support of AU goals is provided on a bilateral basis or sub-regional basis. Consequently, such aid may not always be accounted for in analyses of U.S. support for the AU. President George W. Bush formally recognized the AU as an international organization in 2005, and a U.S. mission to the AU was established in 2006, making the United States the first non- African country to have an accredited diplomatic mission to the AU. In 2007, the first AU ambassador to the United States was accredited. In 2010, an agreement on U.S. aid for the AU was signed and in 2013, the AU and the United States established annual partnership dialogues and extended the 2010 aid agreement.