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| 1 |
ID:
177664
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| Summary/Abstract |
Cooperation between Brazil, Russia, India, China and South Africa (BRICS) has increased since the first BRIC (Brazil, Russia, India and China) meeting in 2006. We have witnessed the establishment of various BRICS institutions, including the New Development Bank and the Contingent Reserve Arrangement. Because of its politico-economic weight, China exerts great weight on the BRICS exceeding that of its partners. Additionally, Beijing has pursued its own initiatives including the Belt and Road Initiative (BRI), and the Asian Infrastructure Investment Bank, with for instance the BRI having created frictions with other BRICS members including India. This article examines how and why China and the BRICS are reshaping global economic governance, and to what degree the BRICS and BRICS institutions represent anything new. More importantly, it analyzes China’s use of the BRICS to reshape global economic governance, and the potential for its independent initiatives to undermine the BRICS’ impact on global economic governance. It shows that the dynamics of the BRICS limit their potential of reshaping global economic governance. What is critical is the domestic political economy and interests of China, India and the other BRICS countries that all hold different positions and preferences in the international system.
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| 2 |
ID:
177642
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| 3 |
ID:
150583
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| Summary/Abstract |
In July 2014 during the sixth BRICS summit, the leaders of Brazil, Russia, India, China, and South Africa launched the Fortaleza Declaration and Action Plan, suggesting a further intensification and institutionalization of their cooperation in the field of foreign policy, including within the framework of the United Nations. This article examines the extent to which the intensification of BRICS cooperation in the field of foreign policy is reflected in their voting patterns in the UN General Assembly. It presents an original dataset of the degree of voting cohesion among the five BRICS countries. It demonstrates that, overall, there is no significant increase in the degree of voting cohesion since the start of the consultations in the BRIC framework in 2006.
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