Dominance, bric by bric

2012-04-03 00:00

LEADERS of five members of the Brics forum, Brazil, Russia­, India, China and South Africa gathered in New Delhi, India­ last week for a summit themed “Global stability, security and prosperity”. Read together with the declaration from the Sanya­ Summit in China last year, the new declaration signals Brics’ increasing global power am- bitions­, although the real change will have to wait until they can follow­ through their words with concrete action.

The theme does not mean much if given a cursory reading for it seems like pie in the sky for the four countries to suggest that they can give the world a new source of leadership towards elusive global­ stability, security and prosperity.

It is remarkable that China recently overtook Japan to become the biggest economy after the United States and Brazil overtook the United Kingdom, a former world colonial empire and major global power, in world economic rankings.

However, the theme is meant to make a more symbolic statement, that is: Brics countries are aware that with growing power in their hands come increased responsibility for global commons.

They realise that they do not need extensive hard power to assert their global power status collectively, as, unlike in the post-World War 2 period,­ today’s global power politics is fashioned in the minds of public citizens and in the bargaining ability at the negotiation table.

This much the global power, especially the Anglo-Saxon wing, are very aware of. They are preparing for the consequences of this. No wonder the United States recently offered to support India in its bid for a permanent seat in the United Nations Security Council. It has also put forward a person of American-Asian extraction as its candidate for the presidency of the World Bank, conscious of the outcry about ethnically based selection criteria for the heads of Bretton­ Woods Institution.

It is only the public in Brics countries, especially in South Africa­, and Jim O’Neill, the Goldman Sach’s economist who first coined the term Bric 10 years ago, who do not fully understand this.

These critics and O’Neill are still discussing why South Africa should not have been part of Bric. Both seem to have a gripe that in constituting the group, these countries have not followed the golden rules and conditions set out by O’Neill. In other words, critics assume that Brics that met in India are the Brics that O’Neill had in mind.

The mainstream South African media, sceptical and guilty about South Africa’s international successes as usual, went to the extent of looking to O’Neill for comment on why it is wrong for South Africa to be a member of Bric. They overlooked our own professors Mike Muller, Chris Malikane and Francis­ Kornegay.

O’Neill fell into the trap, but he changed his mind within days. His apologetic think piece in the Mail and Guardian last Friday sought to show just how much he loved South Africa.

But unlike politicians he did not say that he was misquoted, for he probably was not. Now he says he thinks South Africa should be in Bric on condition that it represents or can lead Africa’s economic renaissance.

O’Neill probably realised that his earlier argument was questionable on a number of grounds. The first was that it was based on self-glory, defending his Bric term. Secondly, it assumed that hard-power currency, in the form of the size of the economy measured by contributions to global gross domestic product and population size, was the only appropriate measure for membership to Bric or for significance in global affairs generally.

But, as it is beginning to come out with both the Sanya and New Delhi summits expressing themselves strongly on the slow pace of institutions of global reform and with the Brics own agenda for global­ development beginning to appear, global significance lies in legitimate distribution of power to decide the global agenda. This is soft power. It is power derived from prestige, legitimacy, representivity, symbolism and persuasion.

Now Brics have decided to establish a development bank that will be a major alternative to the Bretton Wood Institutions if it happens. They have adopted policy positions on health, especially the creation of drug manufacturing industries and co-operation on health technology. Other areas of social policy look set to follow.

Just how these grand decisions will be implemented is anyone’s guess. But it matters that Brics are out sending signals to the world about their interest in setting the agenda for the world. The West is in decline, but not as quickly as some hope, nor is the East rising that quickly.

It is not clear if people­’s wellbeing is a key consideration yet. But it ought to be the primary reference of global stability and prosperity.

 Siphamandla Zondi is the executive director of the Institute for Global Dialogue. He writes in his personal capacity.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.