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The major achievement of the recent BRICS Summit was the decision to create the long-awaited (BRICS) New Development Bank. The bank can be seen as a growing influence of the BRICS which together represents 18% of the World trade and accounts for 40% of the global population with a combined GDP of $ 24 trillion.
But attracting manufacturers away from China is going to take more than cheap land and labor reforms.
This brief studies India’s foreign policy preferences using an index based on historical voting patterns of member states at the United Nations General Assembly (UNGA). By visualising the trajectory of policy preferences for all member states in the UNGA, with a particular focus on India, this work identifies how India’s policy stance at the UN has evolved in relation to its peers. It finds that Indian policy has maintained an exceptionally h
The BRICS-Africa partnership provides the potential for positive cooperation between developing nations in the future. It is this potential that delegates from Brazil, Russia, India, China and South Africa will be trying to cultivate and deepen over the next couple of days in Durban.
Climate change is the single biggest health threat facing humanity, and developing nations of the Global South are expected to be the most vulnerable
Over the last few decades, a global climate finance architecture has emerged to channel domestic and international funds towards climate change mitigation and adaptation efforts. However, mobilising climate capital at scale has been a challenge, particularly in the Global South, since the current financial system is inept at including climate change metrics in its capital allocation and disbursement processes, and applying a climate justi
India is assuming the leadership of SCO and G20. While the two groupings have divergent goals, Delhi will need to ensure that the concerns of developing nations are not ignored. An assertive foreign policy that seeks to shape and steer conversations will help
India’s micro, small, and medium enterprises (MSME) sector is a key driver of the country’s economic and social development by fostering entrepreneurship and generating substantial employment opportunities at comparatively lower capital costs. However, inadequate access to finance is one of the most crucial barriers to the sector’s growth. Recent developments in digital public infrastructure in India could present new solutions to boost MSM
If Beijing really wants to make a bid for global leadership, it needs to do more to help developing nations weather this crisis.
A crisis of trust between developed and developing nations is poisoning the international climate regime. Taking responsibility on both sides is the f
AI is undeniably causing disruptions across the board. However, a shift in narrative is required to view AI as a constructive force, focusing on its p
Structural changes need to be brought to allow different financial sectors to invest in the green future of developing nations.
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