You are here

BRICS: Opportunities and Challenges

Joe Thomas Karackattu is Associate Fellow, Institute for Defence Studies and Analyses, New Delhi. Click here for details profile
  • Share
  • Tweet
  • Email
  • Whatsapp
  • Linkedin
  • Print
  • May 03, 2011

    Download Issue BriefThe BRICS (Brazil, Russia, India, China and South Africa) grouping signifies a welcome development. The member states, having rebounded well from the 2008-09 financial crisis, have shown that they are not just a marketing story but can offer a viable model of resilient growth despite not conforming fully with the “open market, complete trade liberalisation” recipe of the developed world. This Brief outlines the practical and ideational role that BRICS can play as a grouping, in reforming the global financial system and in the norm-setting processes in world politics. The Brief also discusses some challenges BRICS countries are facing to realise their goals in the short to medium term.

    Download Issue Brief