Emerging global economies dissect critical issues of freedom, shared development under BRICS

  Major economic issues, freedom and shared development are the focus as BRICS meets again to discuss issues affecting the third world count...

 

Major economic issues, freedom and shared development are the focus as BRICS meets again to discuss issues affecting the third world countries.

The grouping of the world’s five major emerging economies; Brazil, Russia, India, China and South Africa, BRICS, was established in September 2009 to promote regional integration, peace, security, development and cooperation.

The bloc was also created to contribute significantly to the development of humanity and establishing a more equitable and fair world.

Recall that following this set target, a group of scholars, activists, freedom fighters and justice lovers under the banner of a new organization, “New Dawn Vision” held their second conference to explore the existence of BRICS and how it is shaping international politics and development at a conference.

Two speakers; Dr. Msia Kibona Clark, Associate Professor of African Studies at Howard University and Sean Blackmon, Host of ‘By All Means Necessary’ on Sputnik Radio dwell on the topic: “Brics and Shared Historical Experiences – From Freedom to the Right To Development”, dissecting how far the BRICS nations have come with respect to the economy and development since the emergence of the bloc in 2009.

In her presentation, Clark pointed out that the establishment of BRICS, which was centered around challenging western dominance economically and otherwise as well as changing the status quo, did not resolve in any kind of revolutionary shift in economics and foreign policy and did not certainly challenge the hegemony of western countries.

Focusing on China and Russia, Clark looked back at the kinds of economic systems that were practiced during the cold war, which were mainly capitalism and socialism.

She pointed out that these two countries, given their respective populations, surface areas and vibrant economies, could do more to change the economic dynamics of the other member states, because as it stands, there are no competing economic systems with BRICS.

Msia underlined: ‘’BRICS is basically ‘neoliberalism in colour’ or ‘rainbow neoliberalism’ as the people are coming from black and brown countries, which seems to push the same neoliberal agenda.’’

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