Friday, June 26, 2015

Existing Global Economic System Challenged by BRICS

The Huffington Post published on 22 June 2015 a commentary titled "India, China and the Rest of the BRICS Will No Longer Wait for a Seat at the Table" by Shashi Tharoor, former Indian Minister of State for External Relations.

The author argues that China and India are seeking global influence commensurate with their economic weight; Brazil and South Africa are emerging as continental powerhouses and hydrocarbon-fueled Russia is chafing at its status on the margins of the Western system.  If the BRICS are not allowed to help lead within the existing global system, they will inevitably create their own. 

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