The purpose of the present study is to recognize and analyze the discriminant aspects and effective and facilitative main components in the economic development of the emerging powers (BRICS) based on Rostow’s theory. The main research question is: To what extent More
The purpose of the present study is to recognize and analyze the discriminant aspects and effective and facilitative main components in the economic development of the emerging powers (BRICS) based on Rostow’s theory. The main research question is: To what extent does the development strategy of the economic emerging powers (BRICS) rely on the approaches and procedures in Rostow’s theory of economic growth? The research method is descriptive-analytic and it has also made use of Rostow’s theoretical approach of growth. The results showed that apart from some minor similarities between BRICS’ development and Rostow’s model of growth, other aspects such as systematic changes, unitary level variation, global powers’ approach, necessity of rational decision making, common threatening sources, common and accumulative power sources, economic and political interests, and indigenization of the existing national and international potentials are among the effective components and discriminant aspects of BRICS’ development compared to western models.
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BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC" (or "the BRICs"), before the induction of South Africa in 2010. The BRICS members are all l More
BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC" (or "the BRICs"), before the induction of South Africa in 2010. The BRICS members are all leading developing or newly industrialized countries, but they are distinguished by their large, sometimes fast-growing economies and significant influence on regional affairs; all five are G-20 members.As of 2015, the five BRICS countries represent over 3.6 billion people, or about 41% of the world population; all five members are in the top 25 of the world by population, and four are in the top 10. The five nations have a combined nominal GDP of US$16.6 trillion, equivalent to approximately 22% of the gross world product, combined GDP (PPP) of around US$37 trillion and an estimated US$4 trillion in combined foreign reserves Overall the BRICS are forecasted to expand 4.6% in 2016, from an estimated growth of 3.9% in 2015. The World Bank expects BRICS growth to pick up to 5.3% in 2017.In this article analyze Foreign Policy Strategies of the Islamic Republic of Iran and BRICS politics in the international system.
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Abstract
BRIC (consisting of Brazil, Russia, India, China) was first introduced in 2001 by Jim O'Neill. The purpose of this action also refer to existing capabilities in economies such as Brazil, Russia, India and China will play a role in the global arena, because the More
Abstract
BRIC (consisting of Brazil, Russia, India, China) was first introduced in 2001 by Jim O'Neill. The purpose of this action also refer to existing capabilities in economies such as Brazil, Russia, India and China will play a role in the global arena, because these states had been successful in recent years with the organization closer to its positions and views on the successes achieved in the international arena and its economic power to the political lever. In the past decade, these powers has relied on their economic powers in calling for stronger and more influential role in the international financial and monetary policy. On the other hand, the European Uunion as the second economic power due to economic crisis involved with a wide range of challenges and attempted to maintain its position in the international arena to face the emerging powers. Indeed, Brussels is in competition with members of Brix in areas such as global governance and the role of the international system. This paper attempts to analyze European Union's relations with emerging powers of BRIC.
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Abstract:
India has been referred to as one of the emerging economies since early twenty-first century. Rapid growth of GDP and imports/exports along with attraction of substantial foreign direct investment are indicators of the enhancement of India’s position in More
Abstract:
India has been referred to as one of the emerging economies since early twenty-first century. Rapid growth of GDP and imports/exports along with attraction of substantial foreign direct investment are indicators of the enhancement of India’s position in global economy. In such circumstances, India is also gaining influence in multilateral trade negotiations within WTO framework. Given the important role that multilateral economic institutions play in shaping the contemporary political and economic interactions and due to India’s more rigorous stance in the Doha Round, this article uses descriptive-analytic method and library resources to interpret this policy shift. It also emphasizes on economic reforms, domestic-international interaction, and WTO structure as effective components in this policy shift and simultaneously examines Indian diplomacy and negotiation strategy. This article tries to answer this question: what is India's orientation in WTO? It hypothesizes that India agrees with the WTO's principles, norms, rules, and decision-making procedures. The article concludes that Indian position toward WTO talks is no longer concentrated on introducing intrinsic changes in order to stand against this organization; rather, it is taking advantage of its new alliances and negotiation methods as a means of economic diplomacy to shape India’s and other emerging countries’ economic demand.
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