In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘BRIC alliance’

South Africa invited to join BRIC economic block

Posted by seumasach on December 28, 2010


25th December, 2010

South Africa announced on Friday it has been formally invited to join the Brazil, Russia, India and China (BRIC) group of key emerging nations, bolstering its image as the economic gateway to Africa.

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Iran, Brazil and the ‘bomb’

Posted by seumasach on May 2, 2010

Pepe Escobar

Asia Times

30th April, 2010

Brazilian Foreign Minister Celso Amorim put it very politely at a joint press conference with his Iranian counterpart Manouchehr Mottaki in Tehran this Tuesday. Amorim said, “Brazil is interested to have a share in settling the Iranian nuclear issue in an appropriate way.”

“Appropriate” is code for dialogue – not a fourth round of sanctions slammed by the United Nations Security Council, much less the military option, which the Barack Obama administration has stridently kept on the table. Thus by positioning itself as a mediator in search for a peaceful solution, the Brazilian government is in fact on a “soft” collision course with the Obama administration.

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The BRIC post-Washington consensus

Posted by seumasach on April 16, 2010

“Is the World Bank finally waking up to the real world(s)? The BRICs met in Brazil roughly one week before the World Bank and International Monetary Fund annual love fest in Washington. The old order may resent it, but the BRIC voice is and will continue to be ever more insistent. No wonder; they are shelling more funds to the IMF, thus they should have more say on where the money is going. They want an antithesis of Wall Street: transparency. The 2008 financial crisis – which by no means is over – was unleashed by a Wall Street-biased financial casino.”

Pepe Escobar

Asia Times

17th April, 2010

The BRIC countries (Brazil, Russia, India and China) got together in the Brazilian capital, Brasilia, on Thursday with a bang. After meeting Chinese President Hu Jintao, and once again condemning an “asymmetric, dysfunctional globalization”, Brazilian President Luiz Inacio Lula da Silva was at his ebullient best: “A new global economic geography has been born.” Well, not quite. Not yet.

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Brazil steps between Israel and Iran

Posted by seumasach on March 17, 2010

“Lula stepping into the arena also means one more instance of the BRICs (Brazil, Russia, India, China) acting as a new rival superpower to an increasingly disoriented “full spectrum dominance” US. None of the BRICs is in favor of isolation of, not to mention an attack on, Iran. This is the case as long as they believe that Iran, according to all available evidence, is nowhere near a nuclear weapon, and an attack would inevitably accelerate nuclear proliferation in the Persian Gulf.”

Pepe Escobar

Asia Times

18th March, 2010

Talk about a Via Dolorosa. Luiz Inacio Lula da Silva is the first Brazilian president to visit Israel officially. Lauded for his charisma, swing and formidable negotiating powers – United States President Barack Obama refers to him as “the man” – little did Lula know that to engage his hosts this week he would have to give the Prophet Abraham a run for his money, no less.

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Welcome, comrade Maobama

Posted by seumasach on November 19, 2009

Pepe Escobar

Asia Times

17th November, 2009

BEIJING – Dear comrade Maobama,

It’s such an honor to receive you here in the northern capital of the Middle Kingdom as you pay tribute to the hub of the already developing 21st-century multipolar world.

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BRIC to call the shots in post-crisis world

Posted by smeddum on September 15, 2009

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A Tale of Two Diverging Economic Worlds

Posted by seumasach on June 21, 2009

F. William Engdahl

Global Research

10th June, 2009

Increasingly a deep divide within the world of globalization is emerging which will have the most profound significance for the future of G7 nations’ economic and political stability. The divide is between those nations which are still embedded within the dollar system, including countries in the Eurozone, versus those emerging economies—especially the BRIC—Brazil, Russia, India, China—where new economic markets and regions are rapidly replacing their over-dependence on the United States as prime export market and prime source for investment finance. The long-term consequences will be an aggravation of the trend of the United States as a political and economic superpower in terminal decline, while dynamic new economic zones, initially mainly of regional importance, will arise.

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The World is Now Changed

Posted by seumasach on June 18, 2009

W Joseph Stroupe

Asia Times

18th June, 2009

Decoupling on the part of the under-developed economies is defined as accelerating along the path of eliminating inordinate reliance upon the US and other developed economies as export markets. Decoupling would also tend to undermine reliance upon the dollar and boost the role of regional currencies in trade, finance and in forex reserves composition.

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Chinese president makes proposal for tackling global financial crisis at BRIC summit

Posted by seumasach on June 17, 2009


·President Hu made a 4-point proposal for tackling the financial crisis at BRIC summit.
·BRIC countries should try to take lead in recovering from the financial crisis, Hu said.
·BRIC countries shoul push forward the reform of international financial system.
YEKATERINBURG, Russia, June 16 (Xinhua) — Chinese President Hu Jintao Tuesday presented a four-point proposal for dealing with the ongoing global financial crisis at the first summit meeting of BRIC countries which groups Brazil, Russia, India and China.

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BRIC group plans own revolution

Posted by seumasach on June 16, 2009

W.Joseph Stroupe

Asia Times

17th June, 2009

Russia announced on June 10 that it will purchase US$10 billion of the new SDR-denominated International Monetary Fund bonds. It also announced that it will further diversify its $140 billion of US dollar holdings. Brazil will also buy $10 billion worth of the new bonds, and China will buy $50 billion of the new bonds. India will likely announce its own purchases very soon.
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Los países BRIC y la teoría del desacople

Posted by seumasach on June 4, 2009

Magazine Plazza

28th May, 2009

Mientras Estados Unidos y Europa luchan para salir del pantano del endeudamiento, el desempleo y la deflación, la resistencia de los países BRIC a los embates de la crisis ha sido la grata sorpresa. Brasil, Rusia, India y China se han convertido en un factor de estabilidad y crecimiento logrando producir un desacople del eje Estados Unidos-Japón-Europa.

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