Leslie Elliott Armijo (Associate Professor of International Studies, SFU) is coeditor of Unexpected Outcomes: How Emerging Economies Survived the Global Financial Crisis (Brookings 2015) and The Financial Statecraft of Emerging Powers: Shield and Sword in Asia and Latin America (Palgrave 2014). Her next book analyzes the politics of regional cooperation in South America in transportation, energy, migration, and banking regulation.
The BRICS and Collective Financial Statecraft
What are the implications of the recent emergence of China and other non-Western economies? In the early 21st century, five rising powers (Brazil, Russia, India, China, and South Africa) formed an exclusive international club: the BRICS. The BRICS celebrate an ongoing global power shift and contest the West’s pretensions to permanent stewardship of the world economic order. Notwithstanding their great diversity (three democracies and two authoritarian regimes, each in a distinct geographic region) the BRICS cooperate to realize joint goals, including greater influence within the International Monetary Fund and World Bank, and a larger role for China’s currency in world markets. Hear Leslie Armijo discuss her new book, with critical commentary by colleagues from SFU and UBC.
Yves Tiberghien (Associate Professor of Political Science, UBC) is Executive Director of the UBC China Council, Senior Fellow at the Asia-Pacific Foundation, and coordinates an international team on the Paris Agreement on climate change. His current projects include articles on China’s role in global and regional governance and a book titled Up for Grabs: Disruption, Competition, and the Remaking of the Global Economic Order.
Eric Werker (Associate Professor, Beedie School of Business, SFU) has researched foreign aid, foreign investment in emerging markets, natural resource management, non-governmental organizations, inter-governmental organizations, refugees, and Ebola. Eric has served as economic advisor to the President of Liberia and worked with the U.S. Government’s Millennium Challenge Corporation on foreign aid.