The BRICS and the Future of Global Order

229 Pages·2015·4.33 MB·English

by  Oliver Stuenkel

The BRICS and the Future of
Global Order

The BRICS and the Future of
Global Order
Oliver Stuenkel
LEXINGTONBOOKS
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LibraryofCongressCataloging-in-PublicationData
Stuenkel,Oliver.
TheBRICSandthefutureofglobalorder/OliverStuenkel.
pagescm.
Includesbibliographicalreferencesandindex.
ISBN978-0-7391-9321-1(cloth)--ISBN978-0-7391-9322-8(electronic)
1.BRICcountries--Foreignrelations.2.BRICcountries--Foreigneconomicrelations.3.Worldpoli-
tics--21stcentury.I.Title.
D887.S782015
337.09172'4--dc23
2014046846
TMThepaperusedinthispublicationmeetstheminimumrequirementsofAmerican
NationalStandardforInformationSciencesPermanenceofPaperforPrintedLibrary
Materials,ANSI/NISOZ39.48-1992.
PrintedintheUnitedStatesofAmerica
Contents
Acknowledgments vii
Introduction ix
1 CapturingtheSpiritofaDecade(2001–2006) 1
2 TheFinancialCrisis,ContestedLegitimacy,andtheGenesis
ofIntra-BRICSCooperation(2006–2008) 9
3 FromYekaterinburgtoBrasília:TheNewEpicenterof
WorldPolitics?(2009–2010) 25
4 EnterSouthAfrica:FromBRICstoBRICS(2011) 39
5 TheHiddenWorldOfIntra-BRICSCooperation:Does
RegimeTypeMatter? 59
6 Delhi,Durban,andFortaleza:TheNewDevelopmentBank
andtheContingencyReserveAgreement(2012–2014) 97
7 TheBRICSontheUNSecurityCouncil:TheCaseofR2P 125
8 TheBRICSandtheFutureofGlobalOrder 147
Conclusion 165
AppendixI:HighLevelSummits 169
AppendixII:ListofAllBRICSMeetings 175
Bibliography 185
Index 205
AbouttheAuthor 213
v

Acknowledgments
The students in my undergraduate, graduate, and executive classes at
FundaçãoGetulioVargasinSãoPauloandRiodeJaneirogreatlycontrib-
utedtothisbookthroughtheirparticipationduringourdiscussions.My
colleaguesattheCenterofInternationalRelations—ElenaLazarou,Alex-
andre Moreli, and Matias Spektor—have provided guidance and advice
throughout the process. Bruno de Marcos Lopes was an exceptional re-
searchassistant,alongwithSuellendeAguiar,ThiagoKunis,JoiceBarba-
resco, Sun Young Nam, Mariela Won, Camila do Amaral, Fernanda Oli-
veira, Victoria Pisini, and Minjeong Park. I would also like to thank the
countless policymakers, journalists, and academics who agreed to being
interviewedforthisbook—inSãoPaulo,RiodeJaneiro,Brasília,Pretoria,
Durban, Delhi, Beijing, Chongqing, and Moscow. In India, the Observer
ResearchFoundation(ORF)andtheSchoolofInternationalStudies(SIS)
at the Jawaharlal Nehru University, where I was a visiting professor for
two brief periods in 2011 and 2012, have provided a rich intellectual
environment.InSouthAfrica,IthankSAIIAandtheUniversityofPretor-
iaforinvitingmetodiscussmyresearch.InRussia,theRussianAcademy
ofForeignTradeandtheMinistryofEconomicDevelopmentinMoscow
allowed me to present my research and have very fruitful debates. In
China,IparticipatedinaseriesofconferencesonthequestionofBRICS,
themostusefulofwhichwasthetrackIImeetinginChongqinginprep-
aration of the fifth BRICS Summit in 2013. In Brazil, the BRICS Policy
Center in Rio de Janeiro invited me to speak about my research in a
seminar,duringwhichIreceivedveryvaluablecomments.TheInstitute
forAppliedEconomicResearch(IPEA)kindlyinvitedmetobepartofthe
Brazilian delegation at the track II meeting in New Delhi in 2012. The
GlobalPublicPolicyInstitute(GPPi)inBerlin,whereIamanon-resident
fellow, provided useful support and contacts and a research base in Eu-
rope.Finally,I’dliketothankSalomãoCunhaLimaforprovidingafirst-
class research environment at the School of Social Science (CPDOC) in
SãoPaulo.
vii