Looking into the Future of the BRICS

Ch. 14. P. 267–274.

Larionova M. V.

An analysis of the first sequence of summits of the BRICS group of Brazil, Russia, India, China and South Africa provides a sufficient foundation for an outlook on the next sequence of summits. That sequence began with Fortaleza in 2014, Ufa in 2015, Goa in 2016 and Xiamen in 2017, and it continues with South Africa in 2018, Brazil in 2019 and Russia in 2020. This prediction builds on evidence from the BRICS performance viewed through the fundamental premise of rational choice institutionalism that institutions are created by states because they see benefits accruing from the functions those institutions perform (Hall and Taylor 1996).
The BRICS members came together to establish a platform for dialogue and cooperation to promote peace, security and development in a multipolar, interdependent and increasingly complex, globalizing world, on the basis of universally recognized norms of international law and multilateral decision making (BRICS 2012, paras. 3, 4). Since its inception, the group has produced some meaningful achievements. Most notable are the New Development Bank (NDB) and Contingency Reserve Arrangement (CRA). 

Keywords: глобальное управление, BRICS, БРИКС, global governance

In book

BRICS and Global Governance

Larionova M. V., Kirton J., Shelepov A. V., Freire M. R., Morozkina A., Khmelevskaya N., Panova V., Duggan N., Kahn M., Toloraya G., Niu H., Shubin V., Deych T. Routledge, 2018.