The grouping consisting of Brazil, Russia, India and China (BRIC) was initially meant to be nothing more than clever investment jargon referring to the largest and most attractive emerging economies. However, these countries identified with the BRIC concept, and started to meet annually as a group in 2008. At their fourth summit in 2011, they added South Africa to become the BRICS. By then the BRICS had fully morphed from investment jargon to a name for a new economic and political grouping that had the potential to challenge the unipolar hegemony of the United States and its Western allies.
This work analyses the extent to which the concept of coexistence explains the individual foreign policies of the BRICS countries. The editors define coexistence as a strategy that promotes the establishment of a rule-based system for co-managing the global order. It recognizes that different states may legitimately pursue their own political and economic interests, but they have to do so within the bounds of a rule-based international system that ensures the peaceful coexistence of states.
The BRICS and Coexistence addresses the political dimension of the emergence and influence of the BRICS in the international system and will be of interest to students and scholars of Politics, Development and International Relations.
Publisher: Taylor & Francis Ltd
Weight: 408 g
Dimensions: 216 x 140 mm
`As the 2014 Fortaleza Summit confirmed, the BRICS' growing market power translates into geopolitical clout to restructure the global order into a more equitable, rules-based system that respects diversity. This book will be essential to understanding the BRICS as both a normative and a political project'.
Ramesh Thakur, Australian National University, Editor-in-Chief, Global Governance
'I enjoyed reading this well researched book which very succinctly explains the BRICS vision for a new world order as ' coexistence '. The BRICS member states reject hegemony of the world system and will therefore attempt to be an important force for change and reform of the existing global institutions towards more democratic and equitable governance. The recent Agreement at the Sixth BRICS Summit for establishing the New Development Bank ( NDB ) and the Contingent Reserve Arrangement ( CRA ) needs to be viewed through the framework of ' coexistence '. I commend the authors and editors for their incisive work. '
Lt Gen P K Singh, PVSM,AVSM ( Retd ), Director, United Service Institution of India, New Delhi.
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