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IBSA: Fading out or forging a common vision?
- Source :
- South African Journal of International Affairs; Aug2013, Vol. 20 Issue 2, p297-310, 14p
- Publication Year :
- 2013
-
Abstract
- The India, Brazil and South Africa Dialogue Forum (IBSA) established in 2003 brings together three like-minded, democratic, market economies of multi-cultural and multi-ethnic character, sharing a broadly similar economic, political and development situation. At the time of its formation IBSA was widely regarded as representing a novel form of South-South cooperation, transcending older models rooted in the logic of North-South confrontation in the post-colonial, Cold War world. However, now, as the respective countries prepare for their tenth anniversary summit in India, the forum seems to face a growing sense of irrelevance, perhaps even an existential crisis. There has been a proliferation of other forums—notably BRICS and the G20—which means that IBSA needs to differentiate itself if it is to endure. This paper suggests a common vision for IBSA, based on the concept of international liberalism, implying an open international market, well-regulated capital markets and tailored domestic policies such as social policy, health policy and education policy, may well increase the weight IBSA can gain in different international forums. [ABSTRACT FROM AUTHOR]
- Subjects :
- CAPITALISM
ECONOMICS
INTERNATIONAL trade
SOCIAL policy
Subjects
Details
- Language :
- English
- ISSN :
- 10220461
- Volume :
- 20
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- South African Journal of International Affairs
- Publication Type :
- Academic Journal
- Accession number :
- 89026286
- Full Text :
- https://doi.org/10.1080/10220461.2013.811340