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Title: BRICS: it makes sense to speak of emerging powers?
Authors: Valladão, Alfredo
Keywords: BRICS
Issue Date: 2016
Publisher: OBSERVARE. Universidade Autónoma de Lisboa
Abstract: The “BRICS” concept is now often associated with the idea that Western capitalism is on the wane and that economic power is being “re-balanced” to the benefit mainly of Asia and, particularly, of the big “Emerging Powers” – Brazil, Russia, India, China and South Africa. But the present difficulties and impasses of the BRICS economies are a clear sign that, far from imposing their power or becoming “decoupled” from the Euro-American markets, their future prosperity is still very much dependent on the decisions the Western world is taking to manage the global crisis.
Peer Reviewed: no
ISSN: 2183-4814
Publisher Version:
Appears in Collections:OBSERVARE - JANUS 2015-2016 - Integração regional e multilateralismo

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