The sixth BRICS Summit which has just ended in Brazil marks the transition of a grouping based hitherto on shared concerns to one based on shared interests.
Despite making important strides in the first dozen years of its existence, the International Criminal Court (ICC) faces a daunting task if it hopes to create a reputation as a truly global institution.
As the civil war in Syria continues into its fourth year, the Western nations sitting on the U.N. Security Council (UNSC) have unsuccessfully tried to condemn the killings of civilians, impose punitive sanctions and accuse the Syrian government of war crimes - in four vetoed and failed resolutions.
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.
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.
Since the onset of the crisis, the South Centre has argued that policy responses to the crisis by the European Union and the United States has suffered from serious shortcomings that would delay recovery and entail unnecessary losses of income and jobs, and also endanger future growth and stability.
The growing vitality of the group of countries made up of Brazil, Russia, India, China and South Africa (BRICS), which is beginning to formalise its institutions even as it tries to bridge very disparate realities, seems to be partly cemented by increasing links between its companies.
When the 15-member Security Council, the most powerful body at the United Nations, fails to resolve a military conflict, it invariably exercises one of its tried, and mostly failed, options: punish the warring parties by imposing punitive sanctions.
In recent years, Japan has found itself it in a rapidly changing security environment. The global balance of power has shifted and various new threats have emerged within the region, including the development of weapons of mass destruction and ballistic missile systems that may soon be capable of delivering them.
Macau’s gaming boom just keeps on giving. Gambling revenues soared to a new high of 45 billion dollars last year, a whopping 18.6 percent rise over 2012 and the city’s sixth straight year of record earnings.
Japan has functioned under its “peace constitution” for nearly 70 years. The distinctive Article 9, which prevents the country from conducting war as a means of resolving international conflict, is showing its age.
Intense competition during harvest season for a fungus dubbed ‘Himalayan Viagra’ – coveted for its legendary aphrodisiac qualities – has sparked violence in Nepal’s remote western mountains, causing concern among security officials here about the safety of more than 100,000 harvesters.
Amid simmering territorial conflicts across the Western Pacific, specifically between China and its neighbours in the South and East China Seas, coupled with China rising to the rank of top trading partner with Japan, South Korea, Australia and the Association of Southeast Asian Nations (ASEAN), the Obama administration has been hard-pressed to re-assert its strategic footprint in the region.
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.
In the past 15 years, China has gone from being a relatively insignificant economic partner in Latin America to the number-one trading partner of some of the largest economies in the region.