The Rise of China, India, and Russia: The Building Blocks of a New International System

Sambit Bhattacharyya

Chapter Chapter 11 in A History of Global Capitalism, 2020, pp 151-178 from Springer

Abstract: Abstract This chapter analyses the spectacular rise of China as a global economic powerhouse. This narrative is entertained in conjunction with the rise of India, Russia, and the BRICS as a group. The chapter discusses ramifications of new international institutions such as the New Development Bank (BRICS Bank), Asian Infrastructure Investment and Development Bank (AIIDB), the Shanghai Cooperation Organisation (SCO), and the Eurasian Economic Union (EAEU). Infrastructure initiative such as the China led Belt and Road (OBOR or BRI) and the Russia–India–Iran North-South corridor is discussed. This analysis is undertaken in the backdrop of Asian Development Bank’s estimate that Asia would need $1.7 trillion annually to sustain its growth momentum.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:frochp:978-3-030-58736-9_11

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DOI: 10.1007/978-3-030-58736-9_11

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