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There are, however, many issues they can cooperate on. The group worked in concert at the Copenhagen climate conference in 2009 to endorse the Kyoto Protocols. BRIC nations are all large emitters of carbon except for Brazil but argue that developed nations have belched pollution for many decades and should therefore shoulder a heavier burden in cutting emissions.
Lions in Beijings Forbidden City, constructed in the early 15th century, are in pairs. The female extends her leg to play with a baby lion, symbolizing fertility of the royal family. The male lion has a ball under its paw, representing the imperial power.
In addition, as the recent financial crisis has undermined the legitimacy of the G7 and their large financial institutions, the second BRIC summit held in Brazil last year was dedicated to financial reform. And at the London G20-meeting in 2009, the BRIC states issued a separate declaration calling for reform of the International Monetary Fund, for changes in choosing the leaders of the IMF and the World Bank. Chinas growing presence on the international stage was underlined by Foreign Minister Yang Jiechi, who in his 2011 New Year message emphasized Chinas role during the first decade of the new century as a regional and global actor. Yang particularly noted the increasing importance of diplomacy in ensuring state interests such as security, sovereignty, and development. While BRICS nations are not close to establishing any formal alliance China has outstanding border disputes with both India and Russia, and Brazils industrial sectors fret about Chinas competitive strengths Beijing will be looking to further the groups cohesion at this years summit.
The Brazilian presidents mission to China will clearly be fraught with challenges. The biggest one is establishing clearer rules for fairer and more transparent commercial cooperation that would subject Chinese manufacturers to the same standards set for Brazilian companies. This will be a small but significant step. Brazil intends to show the Chinese that it wants a more robust trading relationship, beyond exporting primary products and importing Chinas finished goods. We hope that good diplomacy from both sides will lead to a positive outcome, resulting in our ability to export more Brazilian goods and providing more consumer choice to Chinas growing middle class. Naturally, this would be good for Brazilian businesses, which would be able to hire more workers and help Rousseff achieve her goal of raising people out of poverty. As the Chinese government has likewise taken steps to help its poor, lets hope that this shared and noble endeavor can facilitate talks at the negotiating table.
We at Hanmer MSL have had the opportunity to help foster good diplomatic relations with South Africa. We played host last year to President Zacob Zuma during an official visit to our country and led the Brand South Africa campaign for the Indian market. Financially speaking, Indias future looks bright. The countrys gross domestic product (GDP) has maintained a healthy 9.2 per cent in the current fiscal year (2010-11). With the right economic reforms we can aim for higher growth in the future. It is with this sense of optimism that we await the outcome of the BRICS talks. In the new global order, it is up to the emerging markets to support companiesand indeed millions of peoplein their pursuit of prosperity and economic development.
St. Basils Cathedral, constructed in the mid-16th century, acquired its vivid colors in several stages from the 1680s to 1848. The church has been part of the Moscow Kremlin and Red Square UNESCO World Heritage Site since 1990.
This class not only stifles the trickle-down financial benefits from Russias growing income in the natural resources sector to the wider economy but also takes its money abroad. An emerging market is not a very good emerging market when money is flowing out rather than in and when the middle class is being squeezed out of business by government bureaucrats. So when the president promises to lower taxes he is appealing directly to the middle classes to support him in breaking the system created by his own prime minister and predecessor. In any other democracy this may sound like everyday politics but in a country that understands only the power vertical it is akin to shooting your old bossand all his relatives.
Should we believe this break in the ranks? Or more importantly, should the Russian people believe it? Do they care? If they do, then they havent got many places to talk about it. No surprise that in the absence of an independent media they are logging on. More than 40 million Russians use the internet, giving Russia the 2nd highest penetration in Europe. President Medvedev twitters. He believes in social media and wants to be part of it. In style and content, Medvedevs campaign looks like any other presidential race; a candidate reaching out to engage with a middle class electorate on a promise of lower taxes, less bureaucracy (and corruption) and a higher standard of living. Russians today understand choice, it arrived with shopping; the opportunity to see, touch, try and buy. And this is a campaign platform that could catch the public imagination. But fashion and foreign cars are easier to introduce than a civil society with genuine political choice, genuine political opposition. It is also difficult to define or quantify a modern Russian middle class. It isnt a class that survives well under communists, oligarchs or a single-party corrupt state apparatus. If Medvedev does manage to give voice and economic stimulus to the masses under his promised reforms, then he may well create a stable environment for investment and economic growth through small and medium-sized businessesthe framework for the sustainable development of a dynamic market economy. If he doesnt then Russia faces stagnation and an uncertain future under the same old ruling elite.
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