Who Are The BRICS?Posted: 2 April 2012
Here i must give my readers a warning….they may want to sit down for this…..recently our guy Mitt Romney trying to boost his foreign policy cred called Russia the most important problem for the US…..that they were enemy #1…….here is the rub…….I agree with Mitt on this…..SURPRISE! Not because of his lame ass attempt to look relevant but rather situations developing in the world……
While most of the Us has been voicing their opinion on what occurred the night that Trayvon Martin died there has been a meeting of the BRICS……these are Brazil, Russia, India, China and South Africa……or what we call the “developing world”……
annual summit of the so-called Brics countries – Brazil, Russia, India, China and South Africa – has received scant attention in the west. That may be because the grouping has achieved little in concrete terms since its inception in 2009. Critics deride it as a photo-op and talking shop.
But this neglect, or disdain, may also reflect the fact that the Brics, representing almost half the world’s population and about one-fifth of global economic output, pose an unwelcome challenge to the established world order as defined by the US-dominated UN security council, the IMF and the World Bank. The truth of the matter probably lies somewhere in-between. The five national leaders – presidents Dilma Rousseff of Brazil, Dmitri Medvedev of Russia, Hu Jintao of China and Jacob Zuma of South Africa and their host in Delhi, India’s prime minister Manmohan Singh – are not noted for iconoclastic radicalism.
Brics boosters project a grandiose vision. India’s commerce secretary, Anand Sharma, said this week the group sought nothing less than “to create a new global architecture”. But commentators interpret such ambitions as essentially anti-American hot air. Pointing to a signal lack of substantive policy agreements, they suggest a desire to counter Washington’s global dominance is the Brics’ sole unifying objective.
“There are calls to establish a permanent secretariat and even a development bank in an effort to bolster the grouping’s political impact,” wrote Walter Ladwig of the Royal United Services Institute. “But this focus on institution-building is misplaced. It is the fundamental incompatibility of the Brics nations, not their lack of organisation, which prevents [them] acting as a meaningful force on the world stage”. Ladwig continued: “Beyond the issues of economic governance, in many key areas the Brics nations are actually in strategic competition. Within Asia, India and Russia are potential obstacles to China’s presumed regional dominance. At the international level, Russia, Brazil and India desire the emergence of a multipolar international system in which they are major actors, with the latter two seeking membership in an expanded UN security council.
The US has faced the formation of the EU, which was basically set up in this fashion but has learned to live with it…….but the BRICS will be a different story altogether………more competition in the world and when there are moves to end the dollar usage in the world economy……(post to follow)…….