BRICS PARTNERSHIP – THE POTENTIAL AND LIMITATIONS IN GLOBAL STEWARDSHIP

BRICS PARTNERSHIP – THE POTENTIAL AND LIMITATIONS IN GLOBAL STEWARDSHIP

21 June, 11:45–13:00

The BRICS economies account for 45 per cent of the world’s population, a quarter of the world’s wealth, and in recent years two thirds of global growth. By collaborating closely these emerging economic powers can offer strategic vision and bring stability in managing global economic and financial affairs. However, creating the mechanisms for cooperation is not without challenges and their respective agendas are not always aligned. What is the potential, and what are the limitations, for a new era of BRICS leadership in managing the global economic agenda? What political aims can individual BRICS economies achieve through an integrated approach to resolving common economic challenges?














Key moments

The BRICS economies have similar opportunities and complexities and so a coordinated solution is required in order to resolve their issues.
Kirill Dmitriev
(Regarding the establishment of a BRICS bank) We are at the beginning of the journey … I think it is quite sensible to aim to have it working by approximately 2015.
Sergey Storchak
Over the past few years of cooperation we have found it a lot easier to deal with many of the investment issues in Russia than in most other countries.
Gao Xiqing
Ultimately, economic wellbeing collectively is what will keep the BRICS together.
Mark Weinberger