... organization committed to preventing and resolving deadly conflict, was held in an online format.
The following issues were addressed during the meeting: the likely consequences of the conflict around Ukraine for relations between the global North and the global South (food and energy security, "double standards" in relation to regional conflicts, issues of cross-border migration, etc.). Andrey Kortunov, RIAC Director General, spoke at the meeting.
... governance is out of sync with the development needs of the world economy
The following is an interview with Yaroslav Lissovolik, a program director at the Valdai Discussion Club in Russia.
Adriel Kasonta:
When it comes to regional cooperation in the Global South, traditional (Western) integration theories don’t seem to be giving justice to this non-Western phenomenon, especially when BRICS is concerned. Would you be so kind as to explain the nature of BRICS in the context of the South-South cooperation ...
... the very center of the discussions surrounding China’s chairmanship in the grouping. With the return of the BRICS+ paradigm the BRICS is going from introvert to extrovert and its greater global ambition raises hopes across the wide expanses of the Global South of material changes in the global economic system. The main question now centers on what the main trajectories of the evolution of the BRICS+ framework will be – thus far China appears to have advanced a multi-track approach that targets ...
... with risks and uncertainties
As new trade barriers and restrictions are emanating from the advanced economies there is a stronger case for the affected emerging economies to compensate these adverse effects via greater openness of markets across the Global South. Developing countries have in fact proceeded to liberalize their markets in recent years, which to a significant degree was driven by regional integration. Against the backdrop of rising barriers in the advanced world, any steps directed ...
The formation of the platforms of the Global South will raise the potential for the use of national currencies and the de-dollarization of trade
The world economy is entering a stage in which platforms are becoming key aggregation vehicles at the level of corporates, countries and regions....
If China’s vision of BRICS+ provides the broadest horizontal span of the Global South, Russia’s vision of BRICS+ prioritizes the depth and alignment of integrating BRICS states’ priority regional projects
Amid an unprecedented spike in global geopolitical risks, the world is becoming increasingly aware of the fact that ...
... members. Similarly, for the BRICS, a BRICS+ format that brings together regional integration arrangements where BRICS economies are members provides for smaller emerging markets to deliver their contribution to the process of economic integration in the Global South.
Source:
Valdai. Discussion club
... highest social and environmental standards, in line with the EU’s democratic values and international norms and standards. The Global Gateway Strategy is a template for how Europe can build more resilient connections with the world.”
Across the Global South only China has a globalization vision of similar ambition, namely the Belt and Road Initiative, with infrastructure projects launched across several continents. Nonetheless, the BRI is arguably not fully on par in scope with the recent initiatives ...
... the last ties between NATO and Russia severed and with new anti-Chinese blocs and partnerships established?
Sergei Arteyev:
Re-Sovereignization of the Nation State or Globalization 3.0?
Third, we could discuss trust between the global North and the global South. Does the global South have any reason to count on generosity and bounty from the global North, though? All this comes against the background when in spite of all the proposals to restructure the debts of low-income countries, their debt ...
... divergence in growth performance across the global economy was notably affected by the Covid pandemic, as China weathered the crisis notably better thus far compared to most of the developed economies
A common platform for economic cooperation across the Global South opens the possibility for the world economy to lower global imbalances via creating a “no core – no periphery” mode of cooperation, writes Valdai Club Programme Director Yaroslav Lissovolik.
The divergence in growth performance across ...
