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The BRICS and Collective Financial Statecraft
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The BRICS and Collective Financial Statecraft

Cynthia Roberts, Leslie Armijo, and Saori Katada

Abstract

In the context of an ongoing global power shift, the largest emerging economies (China, Russia, India, Brazil) formed an exclusive and informal club called the BRICs. Subsequently joined by South Africa, the BRICS have exercised collective financial statecraft, defined as the use of financial and monetary policies by sovereign governments for the purpose of achieving larger foreign policy goals. This volume identifies four types of such financial statecraft, ranging from pressure for inside reforms of either multilateral institutions or global markets, to outside options exercised through crea ... More

Keywords: BRICS, financial statecraft, international club, power shift, multipolarity, China, Russia, India, Brazil, South Africa

Bibliographic Information

Print publication date: 2017 Print ISBN-13: 9780190697518
Published to Oxford Scholarship Online: October 2017 DOI:10.1093/oso/9780190697518.001.0001

Authors

Affiliations are at time of print publication.

Cynthia Roberts, author
Associate Professor of Political Science, Hunter College

Leslie Armijo, author
Visiting Scholar and Non-Resident Fellow, Portland State U and American Univ.

Saori Katada, author
Associate Professor of International Relations, USC