Valdai Paper #69. BRICS-Plus: Alternative Globalization in the Making?

12.07.2017

Being in a low-growth trap the world economy desperately needs an impetus, a new driving force that the western-backed global institutions are lacking. In current circumstances, the BRICS block has a unique opportunity to offer an inclusive agenda for the world economy and, thus, to lead the evolution of global economic integration.

Given that the BRICS is a unique grouping that is present in all key regions and continents of the developing world, it could serve as a platform for expanding South-South cooperation and economic integration across a wide range of areas.

In this regard, rather that seeking to expand core membership, the BRICS+ construct is first and foremost about a different approach to economic integration and a different technology of how alliances are structured globally.

This Valdai Paper, written by Yaroslav Lissovolik, Programme director of the Valdai Discussion Club, describes the BRICS+ and the BRICS++ concepts in detail and discusses the modalities of how these blocks could pave the way to an alternative globalisation. 

Related articles

How BRICS+ Format Can Become an Alternative Track for Globalization
19.07.2017
As the developed world is increasingly leaning toward protectionism, the emerging nations seem to take the lead in shaping the contours of an alternative globalization with BRICS serving as the

Category:
Club Events
The End of Institutions or New Forms of International Discourse?
19.07.2017
BRICS should remain an example of a new type of civilized intercourse by a group of major independent states. The ability to uphold common approaches to a preconceived ideal world order is quite rare

Category:
Expert Opinions