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shifting_power-globalcapitalism.pdf

🔗 Source: focusweb.org

📊 Size: 237 KB

📄 Pages: 12 pages

⬇️ Downloads: 93

Summary

Walden Bello discusses the BRICS countries (Brazil, Russia, India, China, and South Africa) and their relationship with global capitalism. The term BRICS was coined by Goldman Sachs analyst Jim O'Neill to refer to emerging markets that would drive global economic growth. The BRICS countries have formed a collective consciousness, particularly in the World Trade Organization (WTO), where they have opposed unequal trade liberalization and protected their development interests. However, their growth rates have slowed down since 2012, revealing underlying structural problems. The BRICS countries are also characterized by high levels of inequality, social conflicts, and environmental degradation, which have led to protests and strikes in countries like Brazil, South Africa, and China. Despite their initial promise, the BRICS countries have not replaced the US and Europe as the key engines of the world economy, and their growth has been marked by dependence on foreign capital and vulnerability to global economic trends.

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Description

Walden Bello discusses the BRICS countries (Brazil, Russia, India, China, and South Africa) and their relationship with global capitalism.

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File Format: PDF
File Size: 237 KB
Pages: 12
Language: EN
Total Downloads: 93
Last Updated: 1 month ago

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