Brief

The BRICS and the International Development System: Challenge and Convergence? Policy Briefing

author(s) Li XiaoYun, Carey.
from UK Foreign, Commonwealth & Development Office (FCDO)
permalink open
themes
regions
  • Southern Africa
  • Sub-Saharan Africa
  • Africa
  • World
  • Eastern Europe
  • Europe
  • Southern Asia
  • Asia
  • Eastern Asia
  • South America
  • Latin America and the Caribbean
  • Americas
citation

Carey, R.; Li XiaoYun. The BRICS and the International Development System: Challenge and Convergence? Policy Briefing. Institute of Development Studies, University of Sussex, Brighton, UK (2014) 4 pp

Publications and datasets provided via GARDIAN

Abstract

The sustained growth of rising powers, including the grouping known as the BRICS (Brazil, Russia, India, China and South Africa) is reshaping global governance arrangements. Annual BRICS summits and inter-ministerial meetings seek to reform existing international financial and economic institutions and promote a multipolar system of global order. The BRICS are also gaining prominence amongst ‘emerging donors’, building on a tradition of South-South development cooperation, which has grown outside the framework of the OECD Development Assistance Committee. As Southern donors become major players, and with the potentially significant role of a new BRICS Development Bank, what might a polycentric international development system look like and what are the policy implications?

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