Conclusion: Looking into the Future of the BRICS
BRICS and Global Governance, 2018
Posted: 26 Feb 2018
Date Written: February 15, 2018
In her conclusion to this volume, Marina Larionova builds on the evidence of BRICS performance to provide an outlook for the outcome of the second sequence of five BRICS summits. She asserts that the group’s summitry will mature, and it will retain its current membership and mission of building a multipolar, equitable and democratic world order. It will also resist the bureaucrats’ push for institutionalization and creeping expansion of its agenda. With China’s economy increasingly driven by new sources of growth, India’s continued rise, and the midterm recovery of Brazil, Russia and South Africa, the BRICS will be well placed to pursue global governance reform and take more responsibility for delivering global public goods through established IGOs as well as its own institutions. Despite differences in economic and political weight, the future cooperation of the BRICS as a concert of equals is defined by its members’ shared values and goals.
Keywords: Global governance, BRICS
JEL Classification: F5
Suggested Citation: Suggested Citation