Courtesy: Blog do Planalto
The launch of the BRICS Universities League in Shanghai is an important effort for the five nations to understand each other and define their place in global governance
Courtesy: Jacques Delarue/Wikimedia Commons
The leaderless protests are upending traditional definitions of leadership and forms of hierarchy. Instead, the protestors are seeking some form of direct democracy and dignity.
Courtesy: Semilla Luz/ Flickr
The protests in Brazil, Turkey, Egypt and India are bound by a common thread of grievances against misuse of government power and corruption. These modern protests show a marked decline in government trust, even though may not always have clear objectives
Courtesy: Semilla Luz/ Flickr
Brasilia seems to have responded fairly to the mass protests in the country. However, the issue of corruption is the most resonant of the protester’s grievances and must be addressed. Real political and economic reforms also need to be put in place, especially in the areas of education and health.
Tarun Kataria, CEO, Religare Capital Markets India foresaw the decline of the rupee to the 60 mark against the U.S. dollar several months ago. He speaks to Gateway House’s Manjeet Kripalani about the impact the rupee crisis will have on the economy and consumers and how the government can reverse the situation
In 1990, the erstwhile South Commission recommended the creation of a 'South Bank' to aid the economic emancipation of the global South. Can the BRICS bank, which was discussed in length at the 5th BRICS Summit, provide a solution to the problems of the crisis-ridden African continent? Devaki Jain blogs
Courtesy: Government/ZA/Flickr
At the 5th BRICS Summit that begins in South Africa today, the heads of state of Brazil, Russia, India, China and South Africa are expected to ratify the creation of the BRICS Bank. After discussion and study for over a year by the respective governments, the bank will be launched with seed money estimated at between $50 billion to $100 billion, and most likely an equal share of voting rights for the management of the bank. What remains
The enigmatic former president of Brazil, Luiz Inácio Lula da Silva (or simply Lula), will visit India to receive the Indira Gandhi Prize for Peace, Disarmament and Development. Though India and Brazil share many commonalities, a belief in inclusive growth amidst huge social challenges is perhaps most significant.
Courtesy: Foreign Affairs
There’s been much talk about the “the rise of the rest,” with Brazil, Russia, India, and China leading the charge. However, few countries can sustain unusually fast growth for a decade, and even fewer, for more than that. As the boom years begin to end, the international order won’t change as much as expected.
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This bi-annual report includes features written exclusively (unless mentioned otherwise) for Gateway House: Indian Council on Global Relations by various contributors, and Gateway House staff, from January-July 2012.
