Brazil, Russia, India, China and South Africa seek a multipolar world – but some argue they're bound by anti-Americanism.
Leaders of the fast-growing BRICS nations have gathered to discuss how to combine their powers better. But questions over whether they can resolve their differences linger.
Investors hurt by last year’s market turmoil have enjoyed an encouraging turnaround, with many of the worst performing asset classes from 2011 having pivoted to become the standout performers of the new year. Such has been the case with emerging markets.
In a thought-provoking forecast, CEPA Senior Fellow Edward Lucas anticipates Russia’s palpable decline by 2020, having fallen behind Brazil, India and China. Meanwhile, Central Europe will be on the ascent, with the three Baltic States “overtaking the sluggish, debt-ridden economies of Southern Europe.”
Judging from the anti-China rhetoric that has dominated the mid-term election campaign in the United States, the potential for stronger ties between a surging and dynamic China, and a defensive and declining US seems very limited.
There's a lot of fresh news on the EU foreign policy front, so here's a roundup of salient headlines.
The message promoted by foreign policy gurus in recent years is that the American moment is over and a new global balance is emerging; one where power is no longer concentrated in Washington but spread among several different countries. The U.S. will continue to retain a prominent position at the top of the global food chain we are told, but no longer will there be the sense of American worldwide hegemony. Instead the emerging nations of Brazil, Russia, India and China (the so-called “BRICs”) will assume their rightful place as great powers and in the process create a new multi-polar world.
The world’s center of gravity is heading eastward so fast that we Europeans can almost feel the ground moving beneath our feet. Because almost all major actors on the international stage are redefining their roles in response to this tectonic shift, Europe must do the same. So it is right that the EU Council of Ministers is meeting to grapple with this challenge.
Let's be generous and call the frantic diplomatic maneuvers that have been taking place this week over Iran's nuclear program a "negotiation," Tehran-style.
Turkey and Brazil are trying to revive a stalled atomic fuel deal with Iran in an attempt to help the Islamic Republic avoid new UN sanctions over its nuclear program, Western diplomats said .