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The BRICS in International DevelopmentLooking Across BRICS: An Emerging International Development Agenda?

The BRICS in International Development: Looking Across BRICS: An Emerging International... [BRICS has transitioned from concept to international reality, including the important contribution of a new development model. The BRICS countries have changed development assistance to developing countries by basing it on their own experiences of development, aid and growth. The BRICS countries share similarities in this experience as well as national specificities and differences. The model shows that trade and business investments assist growth and encourage horizontal partnerships between countries. BRICS has created new financial institutions (e.g. development and infrastructure banks) to cater to specific development needs where the BRICS countries can call the shots. The efficacy of these financial institutions and BRICS as an economic and political grouping will play out in the coming decades.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The BRICS in International DevelopmentLooking Across BRICS: An Emerging International Development Agenda?

Part of the International Political Economy Series Book Series
Editors: Gu, Jing; Shankland, Alex; Chenoy, Anuradha
Chenoy, Anuradha; Larionova, Marina; Manning, Richard; Constantine, Jennifer
The BRICS in International Development — Sep 30, 2016
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35 pages

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Publisher
Palgrave Macmillan UK
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016. The author(s) has/have asserted their right(s) to be identified as the author(s) of this work in accordance with the Copyright, Design and Patents Act 1988.
ISBN
978-1-137-55645-5
Pages
207 –242
DOI
10.1057/978-1-137-55646-2_8
Publisher site
See Chapter on Publisher Site

Abstract

[BRICS has transitioned from concept to international reality, including the important contribution of a new development model. The BRICS countries have changed development assistance to developing countries by basing it on their own experiences of development, aid and growth. The BRICS countries share similarities in this experience as well as national specificities and differences. The model shows that trade and business investments assist growth and encourage horizontal partnerships between countries. BRICS has created new financial institutions (e.g. development and infrastructure banks) to cater to specific development needs where the BRICS countries can call the shots. The efficacy of these financial institutions and BRICS as an economic and political grouping will play out in the coming decades.]

Published: Sep 30, 2016

Keywords: BRICS; Development assistance; South–South cooperation

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