scholarly journals Foreword

2020 ◽  
Vol 4 (1) ◽  
pp. 4-5
Author(s):  
Viktoriya Panova
Keyword(s):  
Sustainable Development ◽  
Global Governance ◽  
International School ◽  
Strategic Partnership ◽  
National Committee ◽  
Development Bank ◽  
Brics Countries ◽  
New Development

Dear friends! Allow me to congratulate the winners of the Contest for BRICS Young Leaders whose papers are published in this special issue of the BRICS Journal of Economics, partner of the Contest. No doubt, these articles bring to the BRICS agenda the most promising projects for promoting practical cooperation among the youth of our five countries. The Contest for BRICS Young Leaders was held within the annual BRICS International School by the Russian National Committee on BRICS Research and supported by the Ministry of Foreign Affairs of the Russian Federation, the Alexander Gorchakov Public Diplomacy Fund and other partner organizations. The BRICS International School was initially established to train young professionals in BRICS studies through educational experiences focusing on fostering the pentalateral partnership of the BRICS countries. As the project evolves, we are proud to say that it has been widely contributing to building the pool of talented youth from BRICS and beyond. On behalf of the Russian National Committee of BRICS Research, I would like to extend our gratitude and appreciation to the BRICS Journal of Economics for the support of the Contest as a part of the youth track within the Russian BRICS Chairmanship in 2020. Let me express my hope that the BRICS Journal of Economics will further expand its impact in promoting knowledge and cutting-edge research as one of the most forward-looking journals in the field of BRICS studies. Since the creation of BRICS in 2009, the participating countries have made a significant progress in economic, technological, social, and humanitarian development, and have strengthened their positions in the institutions of the global governance. During its first decade, efforts of the BRICS countries became one of the key factors in world politics and global economic development. This year Russia took over the Chairmanship in BRICS for the third time under the motto “BRICS Partnership for Global Stability, Shared Security and Innovative Growth.” Its main purpose was determined as raising standards and quality of life of the peoples of our five countries. The Chairmanship is built on the three pillars of BRICS strategic partnership — policy and security, economy and finance, and cultural and humanitarian contacts. As a part of its policy track, BRICS countries continued to promote universal principles of international law, central role of the United Nations in international affairs and contributed to forming of a more democratic and multilateral system of the global governance. Efforts of the BRICS countries within economic pillar focused on the renewal of the Strategy for BRICS Economic Partnership 2025. The new Strategy emphasized trade, The Quality of Competition Law Institutions and Enforcement 5 investment and finance, support of the digital economy and sustainable development as its priority areas. By adopting the Strategy, the five countries expressed their commitment to strengthen cooperation within the BRICS businesses communities, to facilitate the reform of the global trade and financial system, to advance cooperation within the BRICS Contingency Reserve Arrangement and the New Development Bank. The BRICS countries prioritized working in the fields of innovation and technology and addressing the challenges of the Fourth Industrial Revolution, sustainable development, climate change, energy, infrastructure development and food security. Within the humanitarian track, Russia prioritized strengthening of people-to-people contacts with the development of the youth track one of its core tasks. The BRICS countries continued strengthening youth exchanges in the fields of science, technology and innovation, volunteerism and entrepreneurship. It is illustrated by the comprehensive support of youth initiatives within the Russian Chairmanship and reflected in the XII BRICS Summit Moscow Declaration. This year BRICS reached a number of practical agreements to support our economies to recover from the health crises. BRICS countries agreed to support small, medium and micro businesses to participate in international trade, to foster interbank cooperation and strengthen the role of the New Development Bank. Certainly, the COVID-19 pandemic outbreak affected the Russian BRICS Chairmanship this year. The global healthcare crises and its implications for BRICS became the cross-cutting issue of discussions within the meetings at all levels and all fields of our cooperation. As an example of BRICS response to this challenge, the BRICS countries agreed to establish an early warning system for epidemiological threats and to develop specific steps for the legal regulation of medical products that will improve our capacities to combat similar threats in the future. I am proud that the Contest for BRICS Young Leaders and the BRICS International School engaged so many capable young people to elaborate solutions addressing the most pressing issues for the global community. The innovative ideas to foster partnership and friendship among the peoples of BRICS proposed by the participants of these projects will bring a positive change. I am convinced that with the contribution of the young leaders to the BRICS agenda, we will be able to solve issues of international importance and to build a better world.

Role of New Development Bank and Food Security in the BRICS Countries

2018 ◽  
Vol 27 (2) ◽  
pp. 45-57
Author(s):  
Pintu Kumar ◽  
Prahlad Kumar Bairwa
Keyword(s):  
Food Security ◽  
Development Bank ◽  
Brics Countries ◽  
New Development

5. Building the New Development Bank

2016 ◽  
pp. 65-81
Author(s):  
Andrew F. Cooper
Keyword(s):  
Financial Crisis ◽  
Global Governance ◽  
Institutional Innovation ◽  
Development Bank ◽  
Brics Countries ◽  
New Development ◽  
The Impact

The New Development Bank (NDB)—alternatively called the BRICS Development Bank—represents the most significant institutional innovation to emerge from the BRICS summit process. ‘Building the New Development Bank’ outlines how BRICS was able to successfully establish the NDB in 2014, as well as establish the Contingent Reserve Agreement (CRA), amounting to $100 billion, as a buttress against any future financial crisis, despite the broad differences in strategic interests and economic capabilities among the BRICS members and the considerable scepticism about the viability of the project. What will be the impact of the NDB on global governance? Will the BRICS countries be able to operate the NDB effectively?

scholarly journals The structural power of the BRICS (Brazil, Russia, India, China and South Africa) in multilateral development finance: A case study of the New Development Bank

2021 ◽  
pp. 019251212110482
Author(s):  
Niall Duggan ◽  
Juan Carlos Ladines Azalia ◽  
Marek Rewizorski
Keyword(s):  
South Africa ◽  
Global Governance ◽  
International Political Economy ◽  
World Order ◽  
Development Bank ◽  
Structural Power ◽  
Development Finance ◽  
New Development

The emergence of the BRICS (Brazil, Russia, India, China and South Africa) as an alternative force to the West has ignited a debate within the discipline of international political economy on the nature of the group’s rise. Global governance scholars either debate the role of the BRICS in transforming the world order (playing the game) or focus on the domestic sources of the BRICS nations’ preference formation (the position of states within the game). This article goes beyond the game-versus-player debate, by focusing on the structural power of the BRICS to ‘change the rules of the game’. The article investigates how the BRICS-created New Development Bank as an alternative circuit for actors to exchange goods in the area of development finance has been integrated into global governance. The article argues that the New Development Bank does not grant the BRICS the structural power needed to change the rules and norms that underpin the game.

scholarly journals “BRICS LAW”: AN OXYMORON , OR FROM COO PERATION , VIA CON SOLIDATION , TO CODIFICATION?

2019 ◽  
Vol 6 (4) ◽  
pp. 6-33
Author(s):  
R. Neuwirth
Keyword(s):  
Global Governance ◽  
World Order ◽  
Brics Countries ◽  
Main Challenge ◽  
New Development ◽  
The Future ◽  
Global Affairs ◽  
Heads Of State ◽  
Global Arena ◽  
Global Law

In the global arena, the cooperation between the BRICS countries – Brazil, Russia, India, China and South Africa – covers around 42% of the world’s population and some of the world’s most dynamic emerging economies. Initially, the BRICS cooperation was suggested as an idea, and it was later welcomed as a new addition to the global governance debate about the future. The BRICS countries have already held ten consecutive summits of heads of state plus a large number of meetings at the ministerial level. The cooperation describes itself as a “cooperation and dialogue” platform, but it has nonetheless signed a number of binding treaties and, notably, established the New Development Bank (NDB) as a permanent institution headquartered in Shanghai (China).The cooperation has also met with resistance, criticism and problems caused by the overall complexity of global affairs in a rapidly changing world. The diversity and remote locations of the BRICS countries have also been thought of as an obstacle to their successful cooperation and their ability to play an active part in global governance in the twentyfirst century. The main challenge thus lies in their ability to overcome their differences and to make a difference in designing the future global political and economic world order. Against the backdrop of the global governance debate, the present paper therefore asks whether the BRICS cooperation constitutes a novel model of regionalism with multilateral aspirations, and what role law and, notably, the “rule of law” can play in this important task. The paper includes a discussion of the extent to which the BRICS cooperation needs to be upgraded in legal and institutional terms, and possibly to proceed from cooperation via consolidation to the codification of its most important sources of global law.

Alternative Financial Integration to Stimulate National Competitiveness

2018 ◽  
pp. 162-179
Author(s):  
Tatiana Podolskaya
Keyword(s):  
Financial Institutions ◽  
Financial Integration ◽  
Development Bank ◽  
Global Competitiveness ◽  
Brics Countries ◽  
National Competitiveness ◽  
The World Bank ◽  
New Development ◽  
Potential Competitor

The BRICS nations (Brazil, Russia, India, China, and South Africa) actively joined in process of transformation of institutes of global financial market's management, having created New Development Bank. This institute according to most of analysts can be considered as potential competitor of the World Bank and as one of elements of so-called system of “parallel institutes”, which as required can become replacement American-centered system of international financial institutions. Progress of newly created New Development Bank in- much will depend on that economic power which will characterize BRICS economies. And a key condition of long-term stable economic growth is availability of global advantages of the BRICS countries. This article is devoted to the analysis of changes BRICS global competitiveness factors.

Promoting Environmental Sustainability Governance

2021 ◽  
pp. 1-21
Author(s):  
Miftachul Huda ◽  
Azmil Hashim ◽  
Mohd Aderi Che Noh ◽  
Mohd Hairy Ibrahim ◽  
Budi Rismayadi ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Environmental Sustainability ◽  
Environmental Concern ◽  
Policy Formulation ◽  
Point Of View ◽  
Strategic Partnership ◽  
Development Agenda ◽  
Wide Range ◽  
University Industry

In the last decade, the emerging needs for social responsibility on environmental concern has been considerably transmitted into the initiative of firm alliance. This chapter attempts to examine the essential points of university-, industry-, and community-based strategic partnership for further collaboration alliance. This chapter focuses on the key role of strategic partnership with cooperating into the concern in driving the procedural stage on sustainable development. The findings reveal that outstanding value of strategic partnership would give insights into empowering sustainable-based institutional arrangements assigned with the wide attempts to contribute the prudent public policy formulation to implement the good service to solve environmental and related issues. The value is that strategic partnership trend incorporated in this context would be the point of view for sustainable development agenda rooted into the way of living processes paradigm together with demonstrating the wide range of sustainable governance.

scholarly journals A soundscape analysis for selected parks in Bydgoszcz

2018 ◽  
Vol 45 ◽  
pp. 00097
Author(s):  
Małgorzata Sztubecka
Keyword(s):  
Sustainable Development ◽  
Sound Level ◽  
Green Spaces ◽  
Future Generations ◽  
Subjective Perception ◽  
Negative Effects ◽  
City Center ◽  
The City

Areas that are considered human-friendly are green spaces. The existing urban parks are designed to fulfill the role of relaxation, recreation, and entertainment. However, in many cases, these are historic places, which at the time didn't have much of an impact on external factors. Sustainable development issues are related to the quality of life and the usage of the environment and its resources by present and future generations. Noise and noise protection is an issue that is part of sustainable development. The inadequate implementation of the principles of sustainable development and non-inclusion of noise can noticeably lead to negative effects now and in the future. The aim of the paper is to analyze the soundscapes of two Bydgoszcz parks located in the city center. The values of the equivalent sound level for these areas were obtained from the existing Bydgoszcz acoustic plan. Subsequently, the resulting distribution of noise was compared with the results of subjective perception of sounds by visitors. On this basis, conclusions can be drawn regarding the ways of shaping such areas while taking into account the perception of visitors.

THE ROLE OF LOCAL AUTHORITIES IN THE IMPLEMENTATION OF THE SUSTAINABLE STRATEGY

2017 ◽  
Vol 66 (0) ◽  
pp. 55-67 ◽  
Author(s):  
Anna Brdulak
Keyword(s):  
Quality Of Life ◽  
Qualitative Research ◽  
Sustainable Development ◽  
Development Strategy ◽  
Implementation Process ◽  
Local Authorities ◽  
The Sustainable Development ◽  
The City

To provide a good level of the quality of life of the city inhabitants, it is indispensable to follow sustainable development strategy, allowing to create social capital. This is important especially for local authorities, which should govern society by cooperating with them. Therefore, the main purpose of the article is to present implementation process and its conditions of the sustainable development strategy within the structures of local government units in Poland. Analysis is based on the authoress’ own qualitative research conducted in four voivodships in the Southern of Poland.

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