Is BRICS Institutionalization Enhancing its Effectiveness?
The European Union and the BRICS. Complex Relations in the Era of Global Governance, 2015
Posted: 22 Jul 2015
Date Written: September 2015
This chapter aims to explore how BRICS institutionalization correlates with its effectiveness. Thus authors examine the data on BRICS institutionalization in relation to several effectiveness dimensions. First, the study looks at how institutionalization correlates with the balance of global governance functions in BRICS performance, namely: deliberation, direction-setting, decision-making, delivery and global governance development. The analysis is made on the basis of the discourse share devoted to a concrete function in the total annual discourse of the forum. Second, the authors explore BRICS contribution to global governance agenda tracking the dynamics of priorities on the BRICS agenda and assessing the shares of specific priorities in the total discourse. Third, they evaluate the BRICS contribution to development of multilateral global governance, analyzing the references to international institutions in the BRICS discourse, mandates to international institutions and mechanisms established by BRICS within the forum. Finally the study looks at the BRICS compliance performance on concrete commitments made by the leaders at their summits.
Keywords: BRICS, institutionalization, global governance functions, international institutions, compliance
JEL Classification: F55
Suggested Citation: Suggested Citation