by
Jacobin
50
Membership in the BRICS is also key to China’s flexible geopolitical position. While the BRICS grouping has different meanings to different participants, for China it is part of a strategy to construct a counterpole to Western power — not through overthrowing the current global structures, but by bending them in China’s favor. Given the history of Western domination on their continent — and China’s (relative) lack of conditionalities and policy of non-interference — African political elites find this to be a relatively attractive alternative.
something I didn't really consider before but perhaps worth knowing
Membership in the BRICS is also key to China’s flexible geopolitical position. While the BRICS grouping has different meanings to different participants, for China it is part of a strategy to construct a counterpole to Western power — not through overthrowing the current global structures, but by bending them in China’s favor. Given the history of Western domination on their continent — and China’s (relative) lack of conditionalities and policy of non-interference — African political elites find this to be a relatively attractive alternative.
something I didn't really consider before but perhaps worth knowing
Washington Consensus
(en)
a set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.–based institutions like the IMF and the World Bank (in a nutshell, neoliberalism); term first used in 1989 by English economist John Williamson
50
Still, there are differences between the “Washington Consensus” policies of the past and those advanced by the brics. For one, China does not have a neoliberal economy
notable
7 years, 3 months ago
Still, there are differences between the “Washington Consensus” policies of the past and those advanced by the brics. For one, China does not have a neoliberal economy
notable
7 years, 3 months ago