Third Reaction Paper to Session on the

21.01.16
Building Better Global Economic BRICs (Jim
ONeill)
As discussed in class and in Jim ONeil article on November 30 th
2001 he published an editorial with a new idea the BRICS. This
was a creation that emerging economies like, Brazil, Russia, India,
China and South Africa later on became part of the group, would be
powerful enough to change the global order. Later, on May 2008, the
BRICS get institutionalized now they have the first formal meeting
and after this every year they have a meeting. These countries are
from different continents and came together as a BRICS
accidentally; therefore they have many challenges, different
interests but, also similarities. The question is how they can
mutually cooperate to each other?
The first point according Andrei Korobkov, a professor of political
science at the Tennessee State University, migration is a common
challenge for these countries which could create a potential
cooperation in this field. All BRICS members are dealing with a large
scale migration of various types legal and illegal as well as both the
external and the internal ones. Russia ranks second in the world in
terms of a number of immigrants in its territory 1. According to South
Africa census in 2011 the immigrants represents 3.3 percent of the
population in the country 2. In India, the 2001 census has listed as
migrants 6.2 million people also India is the first in the number of its
natives living abroad3. In addition, Brazil has issued more than 56
thousand work visas for highly qualified professionals in 2011 4. On
October 2015 the BRICS had they The First Ministerial migration
meeting held in Sochi. According to Konstantin Romodanovsky, Head
of the Russian Federal Migration Service, there are no unified
recommendations for the migration policy for all countries. He
stated that Russia have importance to the employment of qualified
specialists.5
1

http://web.isanet.org/Web/Conferences/GSCIS%20Singapore
%202015/Archive/8b92eef0-bdaf-46c7-a4b7-95ce0f1237dd.pdf
seen on 24/01/2016
2
https://africacheck.org/reports/do-5-million-immigrants-live-in-safrica-the-new-york-times-inflates-number/ seen on 24/01/2016
3
http://web.isanet.org/Web/Conferences/GSCIS%20Singapore
%202015/Archive/8b92eef0-bdaf-46c7-a4b7-95ce0f1237dd.pdf
seen on 24/01/2016
4
http://riotimesonline.com/brazil-news/front-page/brazil-work-visasfor-foreign-professionals/ seen on 24/01/2016
5
http://www.hse.ru/en/org/hse/iori/bricsmeteng seen on
24/01/2016

A second interesting and important point that represent the

progress of the BRICS is the creation of the New Development Bank.
In July 2014 an agreement was established and created the New
Development Bank with your headquarters in China. The bank has
the purpose mobilize resources for infrastructure and sustainable
development projects in BRICS and other emerging economies and
developing countries, complementing the existing efforts of
multilateral and regional financial institutions for global growth and
development. 6
A third and least point, is the cooperation in scientific research that
was implemented in Cape Town with the Declaration of 10 February
2014. The five signatories committed to a program of cooperation in
science, technology and innovation. A specific decision was made to
allocate specific responsibilities to each party: climate change and
disaster mitigation (Brazil); water resources and pollution treatment
(Russia); geospatial technology and applications (India); new and
renewable energy, and energy efficiency (China); astronomy (South
Africa).7 The group has similarities in the field of scientific
publication. China and Russia concentrate your research in physics,
chemistry and engineer, Brazil and South Africa in clinical medicine
and biology and India is a mixture of both groups with concentration
in engineer8. Additionally, the Russian Ministry of Education and
Science, Dmitry Livanov, came with the project of a BRICS University
Network that will make easier the scientific exchange and academic
mobility between the BRICS.
In conclusion, in spite of, the BRICS came together as a group
accidentally and have interests and challenges that are dissimilar.
They also have similarities that have leaded developed into mutual
cooperation given that the group was institutionalized. As
mentioned above they cooperate in different areas that are positive
for each other like for example, immigration, finances and
education.

http://ndbbrics.org/agreement.html seen on 24/01/2016

http://www.scielo.br/scielo.php?pid=S010285292015000100185&script=sci_arttext seen on 24/01/2016
8
http://www.scielo.br/scielo.php?pid=S010285292015000100185&script=sci_arttext seen on 24/01/2016
7

Bibliography
O'Neill, J. 2001. "Building better global economic BRICS". Global Economics Paper,
No. 66.