Russia

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.

Russian Military Reforms: An Evaluation

The military sector reform is a top priority for Vladimir Putin, who believes that these reforms will go a long way in achieving Russia’s military and comprehensive national power objectives. The on-going military reforms have come a long way since they were first introduced in 2008. Most of the structural reforms have already been implemented. The material reforms, which are necessary to ensure that the structural reforms deliver, are progressing well, notwithstanding difficulties such as corruption, availability of limited resources, and recession.