The BRICS Forum: an Overview

Rich Marino

Chapter 2 in The Future BRICS, 2014, pp 19-34 from Palgrave Macmillan

Abstract: Abstract Before we delve into the BRICS Forum, it’s only reasonable that we consider its origins. On 16 June 2009 in Yekaterinburg, Russia the original four BRIC countries held their first meeting which led to the formation of an economic and geo-political alliance. The following is a brief summation of its original intent and structure: We, the leaders of the Federal Republic of Brazil, the Russian Federation, the Republic of India and the People’s Republic of China, have discussed the current situation in the global economy and other pressing issues of global development and also prospects for further strengthening collaboration within the BRIC at our meeting in Yekaterinburg on June 16, 2009.1 At that point, the BRIC nations arrived at exactly sixteen conclusions. For our purposes, and in order to support the book’s thesis, it’s important to cite the following global economic and macroeconomic conclusions involving each BRIC nation individually as well as an economic alliance: We stress the central role played by the G20 summits in dealing with the financial crisis. They have fostered cooperation, policy coordination and political dialogue regarding international economic and financial matters.

Keywords: World Trade Organization; Emerge Market Economy; BRICS Country; International Monetary System; Special Draw Right (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-39644-0_2

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DOI: 10.1057/9781137396440_2

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