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Masada
15 May 08,, 18:57
BRIC Nations Consider Alliance

"First came the booming economies," reports Bloomberg. "Then came the rush of investors. Now the so-called BRIC nations -- Brazil, Russia, India and China -- are talking about forming a political alliance. The four largest emerging economies are sending their foreign ministers to Yekaterinburg, Russia, to meet on May 16 for the first time outside the venue of the United Nations. On the agenda are such non-economic issues as weapons proliferation, counter-terrorism, energy and climate change."

In "Cracks in the Foundation: NATO's New Troubles," Cato research fellow Stanley Kober writes:

"Alliances lead to counteralliances... [A]s NATO has expanded, Russia's relations with China, in particular, have grown apace, leading initially to the formation of the Shanghai Five and then to the Shanghai Cooperation Organization. ... In short, the world is in danger of dividing just as Europe divided a century ago -- a process that should have been foreseen by those who naively thought other countries would not respond to NATO expansion by taking their own corresponding measures."

Cracks in the Foundation: NATO's New Troubles (http://www.cato.org/pubs/pas/pa-608.pdf)

An interesting read, even if nothing comes of it.

Sumku
17 May 08,, 18:08
countries would not respond to NATO expansion by taking their own corresponding measures

But is BRIC not supposed to be a political/economic alliance as opposed to NATO? BRIC is not the same as NATO

Sameer
17 May 08,, 22:50
An economic alliance and China and India are not the best of friends.

Akshay
18 May 08,, 01:49
But is BRIC not supposed to be a political/economic alliance as opposed to NATO? BRIC is not the same as NATO

I don't see any political alliance happening between BRIC nations. India & China are at the opposite end of the rope & as their economy grows they are going to be at loggerhead with eachother over sharing of oil & other natural resources. Already they are in competition in Africa. The tiny gains that they have made has already pushed oil price to its record level. Also there is basically no convergence on other issues aswell. But I just hope somehow they can find a way to live & prosper peacefully with or without any alliance.

Tronic
18 May 08,, 03:29
Can't see a BRIC alliance happening; but can see an IBSA (India, Brazil, South Africa) alliance happening.

IBSA excercise to boost trilateral defence ties (http://www.financialexpress.com/news/IBSA-excercise-to-boost-trilateral-defence-ties/302920/)

Masada
18 May 08,, 18:58
Bloomberg Article (http://www.bloomberg.com/apps/news?pid=20601109&sid=aEufOnNVjnhM&refer=home) (should have been in OP)

Mexico looks like it will be a major player sometime this century as well.
The more you know...