Regional Alliances

As Winds of Change Blow, South America Builds Its House with BRICS

While this week's BRICS summit might have been off the radar of Western powers, the leaders of its five member countries launched a financial system to rival Bretton Woods institutions and held an unprecedented meeting with the governments of South America.

Public Stockholding Programmes for Food Security Face Uphill Struggle

Framing rules at the World Trade Organization for maintaining public stockholding programmes for food security in developing countries is not an easy task, and for Ambassador Jayant Dasgupta, former Indian trade envoy to the WTO, “this is even more so when countries refuse to acknowledge the real problem and hide behind legal texts and interpretations in a slanted way to suit their interests.”

International Reform Activists Dissatisfied by BRICS Bank

The creation of BRICS’ (Brazil, Russia, India, China and South Africa) own financial institutions was “a disappointment” for activists from the five countries, meeting in this northeastern Brazilian city after the group’s leaders concluded their sixth annual summit here.

BRICS Forges Ahead With Two New Power Drivers – India and China

The Sixth BRICS Summit which ended Wednesday in Fortaleza, Brazil, attracted more attention than any other such gathering in the alliance’s short history, and not just from its own members – Brazil, Russia, India, China and South Africa.

New BRICS Monetary Fund May Reproduce Inequalities

The first common institutions to be set up by Brazil, Russia, India, China and South Africa – the BRICS – are financial, and have arisen as a result of reforms to an international system that continues to largely ignore the growing influence of emerging countries.

Argentina Once More on the Map, Invited by BRICS

As Argentina starts to mend fences with the international financial markets, the emerging powers that make up the BRICS bloc invited it to their next summit. This could be a step towards this country’s reinsertion in the global map, after its ostracism from the credit markets since the late 2001 debt default.

Asian Nations Bare Teeth Over South China Sea

China’s early-May decision to dispatch the state-of-the-art oil rig, HYSY981, into Vietnam’s 200-nautical-mile Exclusive Economic Zone (EEZ), has intensified ongoing territorial disputes in the South China Sea, raising fears of uncontrolled military escalation in one of the world’s most important waterways.

Narendra Modi: More Continuity Than Change in Foreign Policy

The Congress Party took a beating in India’s recent parliamentary election and has been now been sidelined by the Hindu nationalist Bharatiya Janata Party (Indian People’s Party, or BJP).

Is Putin’s Eurasian Vision Losing Steam?

Victory Day on May 9 was an occasion for Russians to indulge in patriotic flag waving in Moscow. Russian President Vladimir Putin used the previous day to muster a show of diplomatic support for his efforts to bring formerly Soviet states closer together.

U.S. Blasted on Failure to Ratify IMF Reforms

While Republicans complain relentlessly about U.S. President Barack Obama’s alleged failure to exert global leadership on geo-political issues like Syria and Ukraine, they are clearly undermining Washington’s leadership of the world economy.

Russia Expelled From G8, but G20? Not So Fast

When Western powers, led by the United States, decided to throw Russia out of the Group of 8 (G8) industrial nations, it was aimed at punishing and "isolating" President Vladimir Putin for his intervention in Ukraine and "annexation" of Crimea.

Commonwealth Works to Raise Climate Resilience on Global Agenda

As they fine-tune preparations for the Small Island Developing States (SIDS) Conference in Samoa and the United Nations post-2015 development framework meeting in September, Commonwealth states are focusing on getting the international community to pay more attention to the challenges they face.

Putting Climate Polluters in the Dock

Can Caribbean governments take legal action against other countries that they believe are warming the planet with devastating consequences?

Brazilian Innovation for Under-financed Mozambican Agriculture

Some of the technological excellence that revolutionised Brazil’s tropical agriculture is reaching small producers in Mozambique. But it is not enough to compensate for the underfinancing of the sector.

Bachelet to Recalibrate Chile’s Foreign Policy

For the past four years, the foreign policy of Chile, South America’s “miracle”, has focused more on economic  than political issues.

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