Brazil

BRICS Cooperation in Science and Education

This article examines the preconditions and reasons for interaction between BRICS countries in the fields of science, research and university education. It analyzes the particular ways in which the member countries develop and coordinate their positions in these areas. It also reviews and evaluates the practical experience gained from cooperating on scientific and technological research and innovation (STRI), and the functioning of the BRICS Network University, and considers the prospects for further joint work in these areas.

BRICS Countries in Global Value Chains

The picture of the post-crisis world is shaped by the paradigm shifts about the sustainability of national development as a globally integrated co-development and as a necessary condition for national security and defence. Each state faces the steep task of developing new effective foreign economic policy, replacing the former export-oriented and protectionist import-substituting strategies. Such policy changes primarily concern the BRICS countries, including Russia and its place/role in expanding international trade in intermediate goods and services.

Sixth BRICS Summit: A step towards more equitable global order?

The Declaration pushes for a more equitable norm and the New Development Bank is an interesting outcome. The initial subscribed capital of $50 billion dollars and the responsibilities of the functioning are to be shared equally among the founding members of the bank. While China will host the headquarters, the regional centre will be located in South Africa; similarly the first President of the Bank will be from India, the First Board of Governors from Russia and the first chair of Board of Directors from Brazil.

Future of Golden BRICS

With the successful holding of the fifth summit of Brazil, Russia, India, China and South Africa (BRICS) in Durban during March 26–27, 2013, this influential group of emerging economies completed its first important phase of genesis and evolution. The idea was floated in 2001 as an ‘acronym’ created by an investment banker of Goldman Sachs, Jim O'Neil who believed that the fast-growing economies of Brazil, Russia, China and India would be the single greatest game changers in coming times.