The BRICS Summit that concluded on the 24th of August 2023 in Johannesburg is a significant milestone in the journey towards a multi-polar world. From 5 members, Brazil, Russia, India, China and South Africa it has now expanded into a 11-member alliance with the addition of Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates. At the same[Read More…]
by Ramzy Baroud and Romana Rubeo At the zenith of the mass protests in Egypt on January 25, 2011, Twitter, Facebook and other Western-based social media platforms appeared to be the most essential tools for the Egyptian Revolution. Though some observers later contested the use of the terms ‘Twitter Revolution’ or ‘Social Media Revolution’, one cannot deny the centrality of[Read More…]
Citing calculations based on 2022 OPEC oil exports and production data, the InfoTech news outlet reported on Thursday: The BRICS is going to change the power balance in the global energy market. The report said: Once the BRICS expands with six new member nations to its ranks, it will control nearly half of the world’s oil production and reserves. BRICS,[Read More…]
Considering significance of the BRICS 15th Summit Declaration, Countercurrents is posting the Declaration’s complete version. XV BRICS Summit Johannesburg II Declaration BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism Sandton, Gauteng, South Africa Wednesday 23 August 2023 Preamble We, the Leaders of the Federative Republic of Brazil, the Russian Federation, the Republic of India,[Read More…]
With adoption of the Johannesburg II Declaration, BRICS’ historic 15th summit has concluded in the South African city of Johannesburg. To wrap up the summit, South African President Cyril Ramaphosa presented a joint declaration in the final day of the summit. The BRICS, the collective of the world’s largest developing economies, members have committed to strengthening the framework of mutually[Read More…]
BRICS has started its summit – a meeting with serious promises to an expected new world order. Hopes centering the summit are high around the world. The 15th BRICS Summit is now taking place in Johannesburg’s financial district of Sandton. The summit in South Africa is going to deal with issues having serious implications on developments around the world. It will also[Read More…]
The much anticipated 15th BRICS Summit gets underway tomorrow in Johannesburg. South Africa as the chairperson of the Summit decided to theme the Summit on how best the bloc can support the development of Africa so that it can be a self-reliant continent living in peace and with full ownership and control of its resources – so that it can[Read More…]
Asia is the fastest growing and most dynamic region of the world according to a recent IMF Report; “Recovery Unabated Amid Uncertainty”.[i] Asia and the Pacific will contribute around 70 percent of global growth this year as expansion accelerates after Covid-19 supply chain disruptions, with ongoing geopolitical turmoil and war in Europe, as well as, various hybrid over the horizon[Read More…]
The BRICS – Brazil, Russia, India, China, and South Africa – is expected to increase their share of the global economy to nearly 35% by 2028, Bloomberg reported on Monday. According to Bloomberg’s calculations based on the latest International Monetary Fund (IMF) data, this year, the BRICS countries will contribute 32.1% of the world’s growth, compared to the Group of[Read More…]
Who would have expected that the BRICS nations could rise as the potential rival of the G7 countries, the World Bank and the IMF combined? But that once seemingly distant possibility now has real prospects which could change the political equilibrium of world politics. BRICS is an acronym for Brazil, Russia, India, China and South Africa. It was supposedly coined[Read More…]
Will the New Development Bank and the Contingent Reserve Arrangement be able to fulfill their original mission with the arrival of the new bank president Dilma Rousseff? The first event of President Lula da Silva’s long-awaited visit to China in mid-April 2023 is the official swearing-in ceremony of Dilma Rousseff as president of the New Development Bank (popularly known as the BRICS[Read More…]
BRICS countries — Brazil, Russia, India, China, South Africa — have surpassed the Group of Seven (G7) in terms of Gross Domestic Product (GDP) based on Purchasing Power Parity (PPP), data published by the UK-based economic research firm Acorn Macro Consulting shows. The G7 club of industrialized countries consists of the U.S., Canada, the UK, France, Italy, Germany, and Japan.[Read More…]
The G7 summit in Elmau, Germany, June 26-28, and the NATO summit in Madrid, Spain, two days later, were practically useless in terms of providing actual solutions to ongoing global crises – the war in Ukraine, the looming famines, climate change and more. But the two events were important, nonetheless, as they provide a stark example of the impotence of[Read More…]
BRICS is taking initiatives that stand as a challenge to the Empire-led world arrangement. The arrangement – Empire’s sole authority – in the world capitalist order will face stiff competition and resistance if BRICS initiatives move on steadily. The on-going Ukraine War has appeared as a significant lesson to all concerned standing on both sides of the war-line. The war[Read More…]
India has had a closed mind, and influential sections of national opinion cling to the notion that bellicosity is the signature element of China’s approach to India. The unfortunate coincidence is that many who indulge in such seasonal tirades against China also happen to be passionate advocates of a US-Indian strategic embrace. Their hysteria dovetails into an ulterior agenda. [Read More…]
The club of emerging political and economic powers of Brazil, Russia, India, China, and South Africa in response to new global challenges is famously known as BRICS. Since its inception in 2006, it has been a platform to highlight the prominence of multi-polar world order challenging the collision of G-7 members. These five countries account for 20 percent of world[Read More…]
The association of Brazil, Russia, India, China and South Africa, popularly known as BRICS, finds itself at an interesting juncture in its existence. After limited success in restructuring international financial institutions, which was the stated intention of the forum, the BRICS governments established the New Development Bank that has been functioning for more than two years. At a time when[Read More…]
People’s Forum on BRICS held in Goa develops a declaration for heads of state attending the 8th BRICS Summit GOA, 14 October 2016: The People’s Forum on BRICS that took place in Goa on the 13th and 14th of Goa witnessed several social movements and civil society formations, representing the people of at least 10 countries, make a declaration towards[Read More…]
India is going to host the 8th BRICS Summit in Goa on October 15-16, 2016 as part of India’s chairmanship of BRICS this year. BRICS is the acronyms of its member nations: Brazil, Russia, India, China and South Africa, all of which are fast growing developing economies. The formation came to existence in 2009 but South Africa was taken as[Read More…]
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My Amma (Malayalam word for Mother) passed away on August 22, 2023 at 3.10 AM. It is always difficult to deal with the passing of a parent, that too one’s mother. I thought the grief would go away. No it didn’t. All those bitter sweet memories won’t go away. At night I lie awake for hours. My friend, guide and[Read More…]
