Articles on BRICS

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Brazil’s President Michel Temer, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Chinese President Xi Jinping and South African President Jacob Zuma. Danish Siddiqui/Reuters

Why the BRICS coalition still matters

Despite financial crises and political differences among these five emerging economies, the BRICS coalition is here to stay. And it may just change the world.
Former Reserve Bank of India Governor Raghuram Rajan. He left the job after concerted political attacks. Reuters/Shailesh Andrade

Reserve Bank independence: sobering lessons from India and South Africa

Attacks on the South African Reserve Bank and events in India that led to the exit of the governor of the country's central bank are a warning that banks aren't immune from political meddling.
Reuters/RIA Novosti

The BRICs: battered, regressive, incompetent, and corrupt?

There’s an old joke about Brazil that suggests that it’s the country of the future – and it always will be. For a while this looked to be an anachronistic, possibly racist stereotype that had been decisively…
Former Brazilian president Lula da Silva’s development aid programme has fizzled out. Reuters/Ueslei Marcelino

How Brazil missed its golden South-South co-operation moment

Lula led an unprecedented shift in the country’s foreign policy towards the global South. He also helped elevate Brazil to the status of a global player. But, six years on, disillusionment reigns.
The Chinese and South African governments, led by presidents Xi Jingping and Jacob Zuma, cement ties during a meeting at the Great Hall of the People in Beijing. Reuters/Wang Zhao/Pool

South Africa and China: behind the smoke and mirrors

When it comes to the global political economy, no one "talks left and walks right" more than China, a dominant player in global capitalism. South African and Chinese aspirations have much in common.
US Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi have seen quantitative easing pay off, but what about on the way out? David Stubbs/Reuters

The quantitative easing experiment is ending in global recession

The biggest factor behind the recessionary trend is not the Chinese market, austerity budgets, or even the threat of higher US interest rates this year.

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