The transformation of the BRIC acronym from an investment term into a household name of international politics and into a semi-institutionalized political outfit (called BRICS, with a capital ‘S'), is one of the defining developments in international politics in the past decades. While the concept is now commonly used in the general public debate and international media, there has not yet been a comprehensive and scholarly analysis of the history of the BRICS term. The BRICS and the Future of Global Order, Second Edition offers a definitive reference history of the BRICS as a term and as an institution—a chronological narrative and analytical account of the BRICS concept from its inception in 2001 to the political grouping it is today. In addition, it analyzes what the rise of powers like Brazil, Russia, India, China, and South Africa means for the future of global order. Will the BRICS countries seek to establish a parallel system with its own distinctive set of rules, institutions, and currencies of power, rejecting key tenets of liberal internationalism, are will they seek to embrace the rules and norms that define today's Western-led order?
Author(s): Oliver Stuenkel
Edition: 2. ed.
Publisher: Lexington Books
Year: 2020
Language: English
City: Lanham, Md
Cover
The BRICS and the Future of Global Order
The BRICS and the Future of Global Order
Copyright page
Contents
Acknowledgments
Introduction
Chapter 1
Capturing the Spirit of a Decade (2001–2006)
Capturing the Spirit of a Decade
Emerging Discontent
Notes
Chapter 2
The Financial Crisis, Contested Legitimacy, and the Genesis of Intra-BRICs Cooperation (2006–2008)
First Meeting In September 2006
The Heiligendamm Process
Second Meeting In September 2007
No Motley Crew: From São Paulo To Horsham
BRIC Summitry: Generating Trust
Spillover Effects Of Cooperation
Post-crisis BRICS Cooperation
Notes
Chapter 3
From Yekaterinburg to Brasília
Conclusion
Notes
Chapter 4
Enter South Africa
A Look Back
South Africa’s Diplomatic Activism
Trusted Partner
Toward a Smaller Common Denominator?
South Africa’s Inclusion: Implications for BRICS and South Africa
Notes
Chapter 5
Delhi, Durban, and Fortaleza
The 2012 Summit In Delhi
From New Delhi to Durban
BRICS and Africa—A Partnership for Integration and Industrialization?
Back To Brazil
The New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA): A Litmus Test for the Grouping
The BRICS Development Bank
Toward Institutionalization
Organizational Structure
BRICS versus Washington Consensus?
Toward New Lending Paradigms?
The BRICS Contingent Reserve Arrangement (CRA)
Replicating the Chiang Mai Initiative?
Notes
Chapter 6
Ufa, Goa, Xiamen, and Johannesburg
UFA: The BRICS Return To Russia
Multilateral Institutions
UN Security Council Reform: No BRICS Consensus
International Law and the War in Ukraine
Strengthening Intra-Brics Ties/the Strategy for the BRICS Economic Partnership
The New Development Bank (NDB) and the ContingenT Reserve Agreement (CRA)
Expanding the Use of National Currencies
Internet Governance
Additional Initiatives
IMF Reform: A Late (and Incomplete) Victory
The BRICS in Hangzhou
The 2016 Goa Summit
Temer at the BRICS Summit
The Chinese-Indian Border Standoff
The 9th BRICS Summit in Xiamen
1. The BRICS Summit Contributed to Reducing Tensions in the Sino-Indian Border Dispute
2. Intra-BRICS Cooperation Deepened
3. The Brics Grouping Continues to Push for Cautious Reform of Global Order, Not Rupture
4. Diplomatic Win for India Regarding Terrorism and Pakistan
5. BRICS Summits Offer an Opportunity to Hold a Series of Important Bilateral Meetings
The BRICS’ Hopes That Cyril Ramaphosa Hosts the Grouping’s 10th Summit Are Fulfilled
Brazil Is Preparing for the BRICS Presidency in 2019
The 10th BRICS Summit Johannesburg (2018)
1. The BRICS Seek to Project Stability and Predictability in a Rules-Based Order That Is Threatened by Us President Trump
2. The Brics Grouping Is About Far More than the Yearly Presidential Summits
3. The Johannesburg Declaration Points to Broader Cooperation in Areas Related to the 4th Industrial Revolution
4. Brazil Gets a Regional Office for the New Development Bank (NDB)
5. The Grouping Promises to Do More to Overcome Intra-Brics Obstacles
Notes
Chapter 7
The BRICS in the UN Security Council
Toward a Post-Western World
The BRICS and R2P
The BRICS’ Views Are More Nuanced
The BRICS and the West Disagree On Not Whether to Intervene, But How
2011: The BRICS in the UN Security Council
R2P’s Three Pillars
What Does This Mean for the Future Of R2P?
Conclusion
Notes
Chapter 8
The BRICS and the Future of Global Order
The BRICS and Crimea
The BRICS and Systemic Change
Notes
The BRICS’ Views Are More Nuanced
Notes
Annex
Conclusion
Notes
Bibliography
Index
About the Author
