The commanding position that the BRICS economies once held in the post-global financial crises era legitimised their claims for more equitable global governance institutions. Equally, they believed that the development challenges they shared could be addressed through a collective voice in international forums on the back of their strong economic performances.
SAIIA, DNA Economics and Tutwa Consulting are extremely pleased to be collaborating on a new project, Global Economic Governance Africa (GEG Africa), the first phase of which SAIIA managed from 2012-2015.
Following consultations with stakeholders, this new phase will provide more in-depth political and economic analysis of evolving GEG policy priorities in South Africa and across the continent.
SAIIA Occasional Paper No 233, June 2016
SAIIA Occasional Paper No 230, April 2016
SAIIA today held a diplomatic briefing, addressed by Elizabeth Sidiropoulos and Cyril Prinsloo, on 'The Geopolitics of the 'new normal': South Africa in the BRICS 5 years on.'
The 2014 Summit of the BRICS grouping in Fortaleza saw the launch of the New Development Bank, a new international development finance institution. The Bank’s purpose is to:
‘mobilise resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development’.
SAIIA Policy Insights No 26, October 2015
A special issue of the South African Journal of International Affairs, on 'Alliances Beyond BRICS’ (Vol 22.2, August 2015) is now available online. This issue features articles on South Africa's role in global economic governance, South Africa’s foreign economic strategies, and the role of 'middle' or 'emerging' powers such as Turkey, Mexico and Canada.
While the BRICS’ initial focus when it was established in 2009 was on improving global economic governance in response to the 2008 financial crisis, over the last seven years BRICS co-operation and dialogue has moved into politico-security areas.
Heads of state of the BRICS countries will gather in Ufa, Russia, this week for the grouping’s seventh summit, which comes at a particularly challenging time for Russian diplomacy. Precipitated by the conflict in Ukraine, Russia is barred from Group of Seven/Group of Eight processes and increasingly estranged from the West.
Reflecting the broadening of the BRICS agenda since the grouping was formed in 2009, the first ever meeting of BRICS environment ministers was held in Russia in April 2015. The ministers agreed to:
Leaders from the BRICS countries - Brazil, China, India, Russia, and South Africa - will meet on 8-9 July 2015 in the Russian city of Ufa. Many key developments are expected to arise from the Summit, which takes place as Russia’s relationship with the United States and its European allies worsens, while its ties to BRICS appear to have become closer.
Some five weeks ago I attended the BRICS (Brazil-Russia-India-China-South Africa) Academic Forum in Moscow as part of the South African delegation. The discussions held there provide interesting insights into the future direction of the BRICS group.
The BRICS (Brazil-Russia-India-China-South Africa) Academic Forum in Moscow took place from 21-23 May 2015. SAIIA's chief executive Elizabeth Sidiropoulos was invited to take part as a member of the South African delegation.
The BRICS alliance seems to have yielded limited tangible economic benefits for South Africa. Should South Africa therefore explore alternative groupings in global economic governance fora? A new set of papers has been commissioned by SAIIA on the theme 'South Africa Beyond BRICS', looking at just such a question.
SAIIA Policy Insights 11, March 2015
SAIIA Policy Insights No 10, March 2015
SAIIA Policy Insights No 7, March 2015
The South African Institute of International Affairs (SAIIA) is collaborating with the Centre for the Study of the Economies of Africa (CSEA) and the Overseas Development Institute (ODI) to host this event that will explore Africa’s involvement in global economic governance.