BRICS Engagement with International Institutions for Better Governance
BRICS and Global Governance (2018); ISBN: 9781317172574
Posted: 2 Mar 2018
Date Written: February 20, 2018
Since its establishment in 2008, the BRICS group of Brazil, Russia, India and China, joined by South Africa in 2011, has constantly deepened its cooperation, working on a positive agenda in a wide range of areas, including finance, economy, trade, health, science, innovation, security and development. Similar to other informal summit institutions, the BRICS aims to increase the efficiency of collective actions on its priorities through using accountability instruments, creating its own special mechanisms and institutions, and engaging with international institutions at different levels. The BRICS usually uses two types of engagement with international organizations: a “catalytic engagement” approach of stimulating or supporting changes in international organizations and “parallel treatment” by creating its own institutions. Since 2012, the BRICS has begun establishing its own financial institutions, often considered to be alternatives to existing elements in the international system. At the same time, the BRICS rarely uses the “core group” engagement approach typical of other informal institutions, primarily the Group of 20 (G20), based on leadership in defining new priorities on the global agenda and stimulating work on these priorities by relevant organizations. By participating in key international organizations, BRICS countries actively establish consultation mechanisms to coordinate national positions. By strengthening intra-institutional cooperation and interacting with international organizations, the BRICS addresses its priorities, enhances its role in global governance, and improves the sustainability, legitimacy and efficiency of the global governance architecture as a whole.
Keywords: BRICS, global governance
JEL Classification: F5
Suggested Citation: Suggested Citation