The Political Economy of the BRICS Countries. Группа авторов. Читать онлайн. Newlib. NEWLIB.NET

Автор: Группа авторов
Издательство: Ingram
Серия:
Жанр произведения: Политика, политология
Год издания: 0
isbn: 9789811202223
Скачать книгу

      Anup Sinha

       Heritage Business School, Kolkata, India

      Introduction

      Sustainable development is about ensuring that the current generations of human beings live in such a fashion that all other living beings, including future generations of human beings, can live within the limited resources available on the planet earth. Human development, with amazing growth in material goods and services aided by technology as well as the energy obtained from fossil fuels, has been quite dramatic in the last 200 years or so. However, it is being increasingly realized that in the process of material growth and development, human beings have wrought severe damage on the physical and natural environment. Some of the damages have been considered to be irreversible and global in nature, such as climate change and its effects.

      Given the way our modern societies are organized, nation states do have an important role to play in ensuring the world moves on to a sustainable development path. First of all, when a global problem is being tackled, say for instance global warming and climate change, a global consensus on the policy or actions that are to be taken is required. However, nation states have to agree to the solution and undertake their own parts of the action, consistent with the global decisions. Second, their own national policies can go a long way in efficiently tackling local problems of environmental conservation and protection. Third, a government can play a very critical role in creating an enabling atmosphere where individuals and communities make plans and undertake innovative solutions at the grassroots level. Fourth, the nation state can create social features of sustainable living in terms of improved well-being measured in terms of more employment, higher incomes, higher educational attainments, and better health and sanitation facilities. Finally, the nation state might influence, through mass communication techniques, a better sensitization of citizens to the importance of sustainable development. This in turn would nurture an individual’s commitment to changing one’s own lifestyle and consumption habits. Hence even though sustainable development is a global issue, national policies and interventions are an important part of any solution that will drive the world economy on to a sustainable pathway (Sarkar and Sinha, 2018).

      In the next section, we discuss some of the sustainability issues that are germane to a nation state and its governance. This will give us a better understanding of the importance of the nations referred to as BRICS — Brazil, Russia, India, China, and South Africa.

      Environmental Issues, the Nation State, and BRICS

      BRICS is not one nation. It is a set of five countries that are quite diverse and spread over four continents — Brazil in South America, Russia in Europe, India and China in Asia, and South Africa in Africa. BRICS was born out of a changing political world order. The unipolar world after the Cold War with US hegemony gave way to a multipolar system after the great financial crisis of 2008. The BRICS nations were growing rapidly and collectively constituted a significant share in the global economy. Goldman Sachs conducted a study which claimed that these economies would be the fastest growing ones and by 2050 would provide leadership to the world economy. In the report, O’Neill (2001) claimed that these nations, especially China, would affect the rest of the world through their domestic policies, particularly fiscal and monetary policies. It was only after the publication of the report that the BRICS began to be considered together and aroused new interest in their progress. In data collected by Santana et al. (2014) Brazil, Russia, India, and China together accounted for 28.9% of the world’s land area, 43.2% of the world’s population, and 20.6% of crude oil production and even generated about 27% of the world’s gross domestic product (GDP). In 2010, South Africa was added to the BRIC acronym. It is quite clear that though these countries are treated as one block, their political, social, cultural, and economic features are quite diverse.

      Despite their diversity in many respects, they were still treated as one for many other reasons of similarity. It was considered that these nations would comprise the largest economic block by 2050 because of their tremendous growth potential. The similarities were attributed to the presence of fertile land, abundant natural resources, and the large low-cost labor force. This combination of factors, along with good infrastructure, made these nations attractive to foreign direct investment. These features of infrastructure were telecommunications, which was growing rapidly, sharp rise in electricity consumption, increased access to water and growing urbanization, better sanitation, and improved road and rail connectivity. In terms of social and environmental development, all these countries had been successful in pulling a significant number of people out of poverty, allowing for greater consumption levels. All the BRICS are committed to a better environment and have preemptive as well as corrective policies in place to protect and conserve the natural environment. They all share the common aspiration to achieve a better quality of life for their citizens.

      Global Citizen (2016) computed a People’s Report Card 20161 grading nations in terms of their performance in relation to the Sustainable Development Goals that replaced the Millennium Development Goals of the United Nations. The report took 2030 as the target date within which the goals were to be achieved. If all the goals were to be achieved, the world would get an A grade. This would be the benchmark, and then 2016 data would be compared to the ‘perfect’ grade, and a relative grade assigned to a nation for 2016.

      The report computed three sets of indicators: basic needs, well-being, and opportunities. Basic needs included nutrition, medical care, water and sanitation, and shelter and personal safety. The world grade was a C. Well-being included access to basic knowledge, access to information, communications, health and wellness, and the quality of the physical