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BRICS, developing countries and global governance

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  • Deepak Nayyar

Abstract

This article analyses the implications and consequences of the rise of BRICS for the developing world and for global governance. In doing so, it examines BRICS’ increasing importance among developing countries and their growing significance in the world economy, situated in historical perspective, and considers the factors underlying the evolution of the group as an economic and political formation. This is followed by an analysis of the possible economic impact of future growth in BRICS on other developing countries, which could be complementary or competitive, positive or negative. In conclusion it discusses the potential influence of BRICS, extending beyond economics to politics, in the wider global context, with reference to international institutions and cooperation among developing countries.

Suggested Citation

  • Deepak Nayyar, 2016. "BRICS, developing countries and global governance," Third World Quarterly, Taylor & Francis Journals, vol. 37(4), pages 575-591, April.
  • Handle: RePEc:taf:ctwqxx:v:37:y:2016:i:4:p:575-591
    DOI: 10.1080/01436597.2015.1116365
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    Cited by:

    1. Acquaye, Adolf & Ibn-Mohammed, Taofeeq & Genovese, Andrea & Afrifa, Godfred A & Yamoah, Fred A & Oppon, Eunice, 2018. "A quantitative model for environmentally sustainable supply chain performance measurement," European Journal of Operational Research, Elsevier, vol. 269(1), pages 188-205.
    2. Deepak Nayyar, 2016. "Structural transformation in the world economy: On the significance of developing countries," WIDER Working Paper Series wp-2016-102, World Institute for Development Economic Research (UNU-WIDER).
    3. Xiaoguang Wang, 2020. "Leadership-building dilemmas in emerging powers’ economic diplomacy: Russia’s energy diplomacy and China’s OBOR," Asia Europe Journal, Springer, vol. 18(1), pages 117-138, March.
    4. Keshav Kumar Acharya & Habib Zafarullah, 2024. "Whither Demarginalization, Inclusion and Effectiveness? Challenges of Local Government Planning in Nepal," Millennial Asia, , vol. 15(2), pages 216-235, June.
    5. Katlego Kola & Tumellano Sebehela, 2021. "Market The (De)merits of using Integral Transforms in Predicting Structural Break Points," International Real Estate Review, Global Social Science Institute, vol. 24(3), pages 405-467.
    6. Javier Vadell, 2019. "La iniciativa BRICS y China: entre la emergencia y la irrelevancia [A iniciativa BRICS e a China: entre a emergência e a irrelevância]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 29(2), pages 401-428, May-Augus.
    7. Tana Johnson & Johannes Urpelainen, 2020. "The more things change, the more they stay the same: Developing countries’ unity at the nexus of trade and environmental policy," The Review of International Organizations, Springer, vol. 15(2), pages 445-473, April.
    8. Rory Horner & David Hulme, 2017. "Converging divergence? Unpacking the new geography of 21st century global development," Global Development Institute Working Paper Series 102017, GDI, The University of Manchester.
    9. Fang Ye, 2023. "The New Development Bank and the structure of the multilateral development financial system," Review of Development Economics, Wiley Blackwell, vol. 27(3), pages 1957-1972, August.
    10. Yitong Chen & Huirong Liu, 2023. "Critical Perspectives on the New Situation of Global Ocean Governance," Sustainability, MDPI, vol. 15(14), pages 1-17, July.
    11. Iliana Olivié, 2022. "How is aid used to exert power? Gender equality promotion and migration control in Senegal," Journal of International Development, John Wiley & Sons, Ltd., vol. 34(8), pages 1509-1526, November.
    12. Francesco Petrone, 2021. "BRICS and Global Governance: Will the Grouping be able to Reform the United Nations Security Council?," International Studies, , vol. 58(3), pages 363-379, July.

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