BRIC In the New World Order: Perspectives from Brazil, China, India and Russia

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The BRIC countries are today an increasingly cohesive group of nations with a common vision and shared commitment to collaborate and shape a more equitable and prosperous world order. All four nations are leading economies, large markets and emerging knowledge creators; their interactions within the grouping, and with other nations, hold promise for their own people and for other developing countries. The BRIC country coordination at multilateral fora, such as the G-20, is helping to reorient the existing market economy framework, by stressing the need for greater transparency and accountability of the global financial systems. BRIC’s greater role in the IMF and World Bank is likely to ensure more support and assistance for developing nations, as well as keep surveillance of Western financial practices. While the four are yet to evolve a common position on Climate Change and WTO (Russia is still not a member), BRIC countries will certainly be crucial to any agreement on these vital issues. While there are expectations from this grouping on geo-political matters and international disputes, for the moment, these countries have decided to focus on finance, energy, trade, technology and multilateral pluralism. This edited volume is the outcome of an event hosted by the Observer Research Foundation (ORF) with the support of the Ministry of External Affairs, as a pre-summit discussion to assist in developing the framework for dialogue among BRIC leaders at Yekaterineburg, in June 2009 and consists of interesting thoughts on these subjects by experts from the four countries. ORF, on its part, is the coordinating think-tank and academic efforts among the BRIC countries and has an extensive partner network in China, Russia and Brazil in both government and private channels.

We are richly endowed collectively in terms of natural resources and other factors of production, and are today in a position to sustain our higher growth rates. Combined with our growing middle classes, and the young populations that most of us enjoy, BRIC can hope to be a factor of growth and stability in the world economy for decades to come.

ABOUT THE AUTHOR Nandan Unnikrishnan

Nandan Unnikrishnan is Senior Fellow at the Observer Research Foundation. He directs ORF’s Eurasia Programme. His research interests include Russia, Central Asia, international relations and global governance.


Samir Saran is Vice-President, Observer Research Foundation. His research interests include radicalism, climate change, media discourses and governance. He is the Head of Development and Outreach at ORF.


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BRIC In the New World Order: Perspectives from Brazil, China, India and Russia
1st ed.