The Brics and Collective Financial Statecraft
the existing economic order. Together they exercise collective financial and monetary statecraft to achieve larger foreign policy goals. The BRICS share common resentments-of U.S. dominance of the global financial system, of playing junior roles in economic governance, and of serving as frequent
targets of financial sanctions. They also share common objectives, such as obtaining greater financial autonomy and influence within the Bretton Woods institutions. Their financial statecraft ranges from pressure for the internal reform of international organizations and markets to operating outside
the system through the creation of both new multilateral institutions and opportunity structures in international financial markets. To the surprise of many observers, the joint actions of the BRICS have been largely successful. The BRICS' future depends not only on their bargaining power and
ability to successfully adjust to market shifts, but also on their ability to overcome domestic impediments to sustainable economic growth, which is the ultimate basis for their international influence.
Publisher Name | Oxford University Press USA |
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Author Name | Hagendorf, Col |
Format | Audio |
Bisac Subject Major | POL |
Language | NG |
Isbn 10 | 0190697512 |
Isbn 13 | 9780190697518 |
Target Age Group | min:NA, max:NA |
Dimensions | 00.93" H x 00.06" L x 10.00" W |
Page Count | 288 |
Cynthia Roberts is Associate Professor of Political Science at Hunter College, City University of New York, a Senior Associate at the Saltzman Institute of War and Peace Studies, and Adjunct Associate Professor of International Affairs at Columbia University. Leslie Elliott Armijo is term Associate Professor in the School for International Studies, Simon Fraser University, British Columbia, Canada. Saori N. Katada is Associate Professor in the School of International Relations, University of Southern California.