Neoliberals dominate. How will this affect Brics' bank?
Patrick Bond (The Star, Johannesburg) 15 July 2015
The RussiaToday tv interview by President Jacob Zuma and the Brazil-Russia-India-China-South Africa (Brics) summit’s Ufa declaration last week together left no doubt about the New Development Bank (NDB) mandate, with $50 billion in capital, of which South Africa’s immediate $5 billion (R62.5 bn) contribution will strain the budget not inconsiderably. “The NDB shall serve as a powerful instrument for financing infrastructure investment and sustainable development projects.” More
Patrick Bond, Co-Editor of BRICS: An Anti-Capitalist Critique, finds BRICS to be largely neoliberal and unequal, evident by the appointees to the bank board - July 12, 2015 More
BRICS BANK ANALYSIS
Rise of BRICS as new world order
Niall Reddy 6 August 2014
Unlike in Durban in March 2013, the conclusion of the BRICS summit in Fortaleza was greeted with massive international media attention. The ostensible source of this renewed interest, following months of bad press for emerging markets, was the birth of the New Development Bank (NDB) and a $100 billion Contingent Reserve Arrangement (“CRA”) between member nations.
As they meet in Durban on March 26-27, leaders of the BRICS countries – Brazil, Russia, India, China and South Africa – must own up: they have been emitting prolific levels of greenhouse gases, far higher than the US or the EU in absolute terms and as a ratio of GDP (though less per person). How they address this crisis could make the difference between life and death for hundreds of millions of people this century. More More
Why the West still rules
Why the West still rules Oliver Stuenkel 24 February 2013
Review: The Art of Power Maintenance: How Western States Keep the Lead in Global Institutions by Robert Wade (Challenge, vol. 56, no. 1, January/February 2013, pp. 5–39)
The West is in decline and the world is becoming more multipolar. As a consequence, emerging powers such as China, Brazil and India are claiming for more power within international institutions. The questions of how existing institutions can adapt to new realities, and whether we need new structures to respond to recent changes, are among the defining puzzles of our time. More More
Publications
S Kimenyi, Mwangi & Zenia, Lewis (2011) The BRICS and the New Scramble for Africa. The Brookings Institution : 19-21. More
Böhm, Steffen & Ceci Misoczky, Maria & Moog, Sandra () Greening Capitalism? A Marxist Critique of Carbon Markets. Organization Studies : 1-22. More
Bond, Patrick ( 2008) Global Uneven Development, Primitive Accumulation and Political-Economic Conflict in Africa: The Return of the Theory of Imperialism.. Journal of Peacebuilding & Development Vol. 4, NO. 1: 1-15. More
Bond, Patrick (2004) Bankrupt Africa: Imperialism, Sub-Imperialism and the Politics of Finance. Historical Materialism : 144-172. More
Bond, Patrick (2013) Bond BRICS report-back in Clairwood slides. Sarah Bracking & Patrick Bond at SDCEA workshop, Clairwood, 20 April : 1-28. More
Bond, Patrick (2013) The BRICS Bank and Shifts in Multilateral Finance: A view from South Africa. 'Rising Powers' workshop, Fudan University, Shanghai, 12 September : -. More
Bond, Patrick (2013) How are the BRICS responding to the capitalist crisis? Breaking the chains - or polishing the chains?. Centre for Civil Society Seminar: Financial crises and social resistance, from household to global scales : 1-55. More
Bond, Patrick (2014) The BRICS “New Development Bank”. Promoting equality and socioenvironmental justice in BRICS : 1-32. More
Bond, Patrick (2013) So where to, brics-from-below? and also, where from, in contestations of BRICS sub-imperialism?. People's Dialogue BRICS strategy session : 1-78. More
Bond, Patrick (2013) Bond BRICS critique for Amandla (Power Point). : 1-41. More
Bond, Patrick (2013) The BRICS come to Durban what we can expect from the March 2013 summit of subimperial powers. UKZN Development Studies seminar : 1-92. More
Chase-Dunn, Christopher (2006) Contemporary Semiperipheral Development: the Regimes and the Movements. Paper to be presented at the Santa Barbara Global Studies Conference session on Rising Powers: Reproduction or Transformation? February 22 – 23, 2013 : 1-19. More
Ferrando, Tomaso (2013) BRICS and Land Grabbing: Are South-South Relationships Any Different?. : 1-32. More
Ghosh, Jayati (2012) India in the BRICS. Presentation for workshop on “Strategies of development in India and other Asian countries: IIE, UNAM, Mexico City, 27 November 2012 : 1-14. More
Lysa John (2012) Engaging BRICS Challenges and Opportunities for Civil Society. Oxfam India : 1-36. More
Moyo, Sam & Yeros, Paris (2011) Rethinking the Theory of Primitive Accumulation: Imperialism and the New Scramble for Land and Natural Resources. Paper presented to the 2nd IIPPE Conference, 20−22 May 2011, Istanbul, Turkey : 1-31. More
Notshulwana, Mxolisi (2012) South Africa’s national interest and BRICS: Towards bandwagoning or balancing?. Development Bank of South Africa : 1-12. More
Panitch, Leo (2011) American Empire, Capitalist Crisis and the Global South . Keynote speech to the Society for Socialist Studies : 1-10. More
Petras F, James (1975) New Perspectives on Imperialism and Social Classes in the Periphery . Journal of Contemporary Asia : 291-308. More
Petras, James (2010) Anti-imperialist politics: Class formation and socio-political action. Journal of Contemporary Asia : 1-22. More
Wade, Robert (2013) The United States and the World: The Art of Power Maintenance . www.postwesternworld.com January–February: 5-39. More
