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| 1 |
ID:
125265
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| Publication |
2013.
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| Summary/Abstract |
BRICS (Brazil, Russia, India, China and South Africa) has developed into a vibrant co-operation mechanism. The New Delhi declaration of fourth BRICS summit reflects the evolution of a common vision and maturing relationship among member states in the current international system. The co-operation among BRICS nations is a reflection on the development of international situation as well as the desire and choice of emerging economies. The establishment of BRICS Development Bank is a crucial announcement for serving the development needs and aspirations of the emerging and developing world.
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| 2 |
ID:
166815
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| Summary/Abstract |
In the current international system, both countries are seen to be cooperating on a variety of issues and across a number of platforms. These include participation in both interregional and bilateral cooperation. Along with other emerging economies of the world, India and China are a part of the BRICS, which also incorporates Brazil, Russia and South Africa. This multilateral conglomeration focuses on the promotion of trade and industry in their respective nations that has also led to the creation of a BRICS Development bank.
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| 3 |
ID:
146019
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| Summary/Abstract |
Attainment of sustainable development goals was foremost in the minds of world leaders when they approved the Action Agenda at the Third International Conference on Financing for Development in Ethiopia. Promoting a financing structure along the lines of North-South cooperation, while using new financing institutions such as the Asian Infrastructure Investment Bank (AIIB) and the BRICS Development Bank, will mean China’s voice in international cooperation will be heard, to the greater benefit of developing countries.
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