After two years of sliding fortunes, the BRICS have an opportunity to assume a bolder global leadership role
During 3 – 5 September 2017, leaders of
the five BRICS nations will converge on the Chinese city of Xiamen for the ninth annual BRICS Summit. Though China has positioned the summit as a continuation of BRICS solidarity, the bilateral and geopolitical realities underpinning the grouping are increasingly complex, and much of the enthusiasm which first accompanied its formation in 2009 has waned in response (in large part) to the recent economic decline amongst many of its member states. Indeed, over the past two years BRICS GDP growth averaged just 1.9%, down from 4.4% in the preceding three years.
Further, in some instances fairly seismic political shifts within individual BRICS economies (most notably in Brazil) have led to an alteration in the vigour behind the participation from some of the member states in the grouping’s activities.
Download full report from Senior Political Economist at Standard Bank - Simon Freemantle
During 3 – 5 September 2017, leaders of
the five BRICS nations will converge on the Chinese city of Xiamen for the ninth annual BRICS Summit. Though China has positioned the summit as a continuation of BRICS solidarity, the bilateral and geopolitical realities underpinning the grouping are increasingly complex, and much of the enthusiasm which first accompanied its formation in 2009 has waned in response (in large part) to the recent economic decline amongst many of its member states. Indeed, over the past two years BRICS GDP growth averaged just 1.9%, down from 4.4% in the preceding three years.
Further, in some instances fairly seismic political shifts within individual BRICS economies (most notably in Brazil) have led to an alteration in the vigour behind the participation from some of the member states in the grouping’s activities.
Download full report from Senior Political Economist at Standard Bank - Simon Freemantle
No comments:
Post a Comment