The most interesting outcome of the last BRIC Summit was the agreement to boost cooperation on the use of local currencies in trade transactions. The agreement between banks in Russia, India, China and Brazil that service import-export operations is intended to measure trade directly in national currencies. This is an […]
Tag: BRICS
The Modern World: New Realities. Part 3.
Vyacheslav NIKONOV (Russia) Part 1, Part 2 5. But how does Russia position itself in this new global reality? The strategy proposed first by Gorbachev and then by Yeltsin was that Russia should become part of the Western system. Gorbachev proceeded from the concept of a “common European home;” Yeltsin […]
The Modern World: New Realities. Part 2.
Vyacheslav NIKONOV (Russia) Part 1 2. Another aspect of the modern world is the fact that it quite clearly has resumed the militarization of international relations. After the collapse of the USSR and the end of the bipolar confrontation, military spending actually decreased, and it happened everywhere—not just in the […]
The Modern World: New Realities. Part 1.
Vyacheslav NIKONOV (Russia) After World War II and up until the late 1980s, the world was bipolar, with two centers of power. One of them was the Soviet Union, which at its height controlled a significant part, although not the greater part, of humanity. The gross domestic product of the […]
Is BRIC Triggering “New Thinking”?
On the eve of BRIC Alliance Summit opening tomorrow in Brasil we are republishing a last-year article by the German observer Michael LIEBIG as an introduction for coming analysis… The BRIC countries – Brazil, Russia, India, and China – are no longer content with being invited to the G20 and […]
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