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ID: 140617

BRICS bank: work in progress amidst group’s salience and economic diplomacy / Gupta, Alok Kumar

Gupta, Alok Kumar	Article
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Summary/Abstract

International economic order has always remained biased and discriminatory on account of ‘balance of trade’ being always in favour of developed world. The difference between the developed and the underdeveloped countries grew sharper with the rolling of years in the post-second world war era. While the developed countries made further progress, the condition of under-developed countries did not show any improvement. Consequently, the hiatus between the developed and the under-developed countries went on increasing. The developing countries attributed this to the prevalent international economic order established with the instrumentalities of General Agreement on Tariffs and Trade (GFTT), the International Monetary Fund (IMF), and the International Bank for Reconstruction and Development (World Bank or IBRD).

Key Words

General Agreement on Tariffs and trade ; IMF ; World Bank ; International Economic Order ; IBRD ; BRICS Bank ;
Amidst Group ; Salience and Economic Diplomacy ; Balance of Trade ; GFTT

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ID: 151210

Is there a Global South? a perspective from South Asia / Tripathi, Rahul

Tripathi, Rahul	Journal Article
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Much of the writings on the Global South in recent years have focused on the role that some of the emerging economies within the developing world might play in the unfolding global scenario. It is asserted that the rise of a group of middle-level players, given their economic and political profile in global affairs, may be critical in shaping future global outcomes. Such an influence may come at a time when the power of the established powers is seen in relative decline, particularly given the volatility of the global political economy in recent years. The article tries to revisit this assumption from a South Asian perspective and tries to explore the fundamentals of the Global South in terms of its ability to provide alternatives. Taking South Asia as a test case, the article argues that the term â€˜Southâ€™ itself as a homogeneous entity is problematic from the point of view of characterisation as well as actualisation of the potential alternatives. While this does not rule out coalition building and collective action between countries sharing common interests and objectives, such coalition building may be more diffused and episodic rather than have the potential to provide â€˜alternative ordersâ€™.

Key Words

SAARC ; South Asia ; Global Political Economy ; BIMSTEC ; G20 ; Global South ;
BRICS Bank

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