The document discusses how the BRICS approach to development does not fundamentally challenge traditional concepts of development held by organizations like the DAC and IMF. While the BRICS emphasize infrastructure, trade, non-conditional financing, and economic growth, these concepts are largely complementary to, rather than incompatible with, traditional goals of poverty reduction, social spending, debt sustainability, and mutual accountability. The BRICS call for more egalitarian international institutions can be seen as a push for reform rather than a rejection of existing frameworks. In practice, both BRICS and traditional donors support policies that promote economic growth in developing countries.
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The Paul H. Nitze School of Advanced International Studies (SAIS), Johns Hopkins University. Presented at Transforming Transportation, January 26, 2012. Washington, D.C.
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The Province of Nova Scotia has commited up to $304-million in loans for jobs, training and infrastructure renewal related to the $25B Irving Shipbuilding contract.
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This proposal, written for the Your Country Your Call competition, focuses on bringing the community together to work together to improve local economies within the country. It uses a cooperative model, and is modeled on the success of Wenzhou in China.
One of Australia’s leading and incisive economists, Craig James explains how Australia’s performance has shown signs of strength and resilience compared to other economies and shows signs of recovery. He also delves into what is likely to happen and affect our economy into the future. As a seasoned professional within banking, finance and journalism over the last 27 years, Craig is currently Chief Equities Economist at Commonwealth Securities, where he interprets 'big picture' economic and financial trends for customers, clients and staff.
http://www.charteredaccountants.com.au
One of Australia’s leading and incisive economists, Craig James explains how Australia’s performance has shown signs of strength and resilience compared to other economies and shows signs of recovery. He also delves into what is likely to happen and affect our economy into the future. As a seasoned professional within banking, finance and journalism over the last 27 years, Craig is currently Chief Equities Economist at Commonwealth Securities, where he interprets 'big picture' economic and financial trends for customers, clients and staff.
http://www.charteredaccountants.com.au
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Similar to The BRICS do not challenge our basic concepts of development (20)
The BRICS do not challenge our basic concepts of development
1. The BRICS do not
Challenge our
Basic Conceptions
of Development.
By Rachel,
Priyanka
& Helen
2. Jim O'Neill
Head of Global Economics Research
“If BRICs countries
pursue good economic
policy (…)
their economies could
become the biggest
in the world. (...)
It will provide for those
that have INVESTED in
the BRICs
dream, almost definitely,
pretty spectacular
returns.” (O'Neill 2009
emphasis added)
11. Infrastructure & Trade
FDI
Source: Department of Industries Nepal
1 China South Asia is the lowest ranking
recipient of FDI
Year No. Billion 2 India
JV NPR 3 USA
2010- 209 10.05
2011 4 South Exports
Korea India $532,589,892 China $17,437,607
2011- 227 7.14 So. African Customs
Union $940,745
Russia $930,059
2012 Brazil $766,642 United States
$71,676,402
Roads Energy
United Kingdom Japan $11,690,760
$21,788,888
In 2010 Nepal was the 2nd lowest
ROW
$254,382,731.68
REDP GoN,
UN &
World
Bank Imports
India $1,301,144,920 China $665,972,867
Brazil $7,945,087 Russia $659,628
So. African Customs United Kingdom
Union $359,025 $102,302,042
China
x10 Hydro China Japan $83,070,585 United States
$24,783,838
India Projects ROW $1,081,120,853
Japan
World Bank
Asian Development Bank
http://scaef.org.np 2009
Cross World Source: The Economic Complexity Observatory MIT
Border Bank &
Improvemen India
12. Conclusion
- Discourse level development is
articulated differently
- Their concepts are complimentary
rather than challenging
- In practice they both support
economic growth
- BRICS alternative approach is
a call for more egalitarian
power structures in bodies such as
the IMF and UN
13. Bibliography
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http://atlas.media.mit.edu/country/npl/ [01/12/12]
Chandan Sapkota [2012]Review of the Nepali Economy Fiscal Year 2011-2012 [Chansan Sapkota's Blog - FDI] [01/09/2012]
Available at: URL: http://sapkotac.blogspot.co.uk/search/label/FDI [01/12/12]
The Economist [2012] IMF Influence: Light-weight BRICS. The Economist: London. Available from:
http://www.economist.com/blogs/dailychart/2011/06/imf-influence [01/12/12]
Tulasi Prasad Sitaula [2009] Infrastructure Development in Nepal: Opportunities
and Challenges for Engineers. SCAEF Conference: Nepal Available from:
http://scaef.org.np/conference/conference/pdf/Session-3/2.%20Tulasi%20Sitaula%20-%20Theme.pdf [01/12/12]
AidData.org [2012] The First Tranche: A Blog by AidData Staff. Washington: USA. Available from: http://blog.aiddata.org/
[01/12/12]
TheVirusBrox [2009] The BRICs Dream (HQ) Available at: http://www.youtube.com/watch?v=fOdcQ3emyzM&noredirect=1
[01/12/12]
Prithiv Man Shrestha [2012] China eyes Nepal as next investment destination. Ekantipur: Nepal. Available from:
http://www.ekantipur.com/2010/09/17/top-story/china-eyes-nepal-as-next-investment-destination/322345/ [01/12/12]
The BRICS [2012] BRICS summit Delhi Declaration. 2012 Summit: Delhi. Available from:
http://www.cfr.org/brazil/brics-summit-delhi-declaration/p27805 [01/12/12]
OECD [2005/8] Paris Declaration on Aid Effectiveness & Accra Agenda for Action. OECD: Paris & Accra. Available from:
http://www.oecd.org/dac/aideffectiveness/34428351.pdf [01/12/12]
Mwase and Yang [2012] BRICs’ Philosophies for Development Financing and Their Implications for LICs. IMF:
Washington. Available from: http://www.imf.org/external/pubs/ft/wp/2012/wp1274.pdf [01/12/12]
Eyben, R. [2012] What role do emerging powers play in the future of development cooperation? IDS: Brighton. Available
from: http://www.ids.ac.uk/news/what-role-do-emerging-powers-play-in-the-future-of-development-cooperation [01/12/12]