Keyword: BRICS

Old Allies Building New Relations BRIC by BRIC

Picture: President Jacob Zuma with President Hu Jintao of China at the third BRICS Summit courtesy GovernmentZA/Flickr. Saliem Fakir - There is the usual chorus of loud voices, “What is South Africa doing in the BRICS, and does it even belong there?”  Such observations are inconsequential to the evolving fate of BRICS and South Africa’s place within it. Whether it belongs in BRICS or not is a wholly irrelevant point by now. The question that really matters is, “What is South Africa doing with its lofty position in the BRICS?” A feat partly accomplished by the ANC’s historical...

BRICS and IBSA: Friend and Foe Alike

Picture: Roberto Stuckert Filho/Wikimedia Commons Saliem Fakir - The recent spat between South Africa and Brazil over poultry raises the spectre of how self-interest can bedevil unity in newly formed geo-political forums, such as BRICS (Brazil, Russia, India, China and South Africa) and IBSA (India, Brazil and South Africa). South Africa accused Brazil of dumping chickens onto our market and thus causing harm to our poultry industry. Brazil initiated a World Trade Organization action after South Africa imposed import tariffs on Brazilian chicken....

France's New President-elect, Francois Hollande, Wants Strategic Partnership with BRICS Countries

Picture: Al Jazeera Video Socialist Party candidate, Francois Hollande has defeated Nicolas Sarkozy in the French presidential runoff, making him the latest EU leader to be swept aside by the crippling debt crisis. Among the first steps President-elect Hollande is planning, is to push back against German-led austerity measures. Moreover, Asia Times correspondent, Pepe Escobar argues, Hollande wants a strategic partnership with the BRICS countries. Like the BRICS group, Hollande wants an end to the dominance of the...

Latin America Delivers a Good, Swift Kick to the U.S.

Picture: UN Women Conn Hallinan - On one level, April’s hemispheric summit meeting was an old-fashioned butt kicking for Washington’s policies in the region. The White House found itself virtually alone—Dudley Do-Right Canada its sole ally—on everything from Cuba to the war on drugs. But the differences go deeper than the exclusion of Havana and the growing body count in Washington’s failed anti-narcotics strategy. They reflect profound disagreements on how to build economies, confront inequity,...

The Root of All Evil? The Dollar, the BRICS and South Africa

Picture: Deccan Chronicle Leonard Gentle - South Africa (SA) is attending its second meeting of the BRICS group of countries: Brazil, Russia, India, China and SA. The summit, which took place today March 29 2012, in India, is themed "BRICS Partnership for Global Stability, Security and Prosperity". In his address to the BRICS summit, India’s Prime Minister, Dr. Manmohan Singh said, “We have agreed to examine in greater detail a proposal to set up a BRICS-led South-South Development Bank…” A...

Why the BRICS Won't 'Save' Europe

Picture: @hopersomianonna Pepe Escobar - This Thursday, in Washington, finance ministers and central bank governors of the BRICS group of emerging powers - Brazil, Russia, India, China and South Africa - will get together and, in the words of Brazilian Finance Minister Guido Mantega, "Talk about what to do to help the European Union get out of this situation."  Hold your horses. Is this an emerging cavalry to the rescue? Could this be the end of the eurozone (eurotrash?) self-induced liquidity panic? Or is...