Twelve years after being named the next global economic powerhouses, the Brazilian, Russian, Indian, Chinese and South African governments, also known as the BRICS economies, have decided to embrace a de facto union, and had numerous economic meetings between the countries’ leaders. The group demands international attention. Brazil can offer the world enormous amounts of agricultural goods, China is the world’s second largest economy with a massive cheap labour force, India offers itself as a source of inexpensive intellectual resources, and Russia is now the world’s largest mineral exporter. The group are now considering making a formal alliance, following a meeting of all five countries in Durban. Such a move would most likely create one of the world’s most powerful unions of the twenty-first century, and surely the most diverse we have seen thus far.
Jessica Stone explores the fascinating, political role of natural gas in the context of economic sanctions against Russia.
Girls’ Best Friends: Generous Unsustainable Responsibility vs. Moderate Sustainable Responsibility
Mining industry has a big impact on many economies. In many cases mining becomes not only a city-forming industry, but even a main pump of budgets of all levels. Mining is one of the most polluting industries in the world, and has a significant number of negative environmental and social externalities Thus, it is one of the most extensively regulated industries. Sustainable development of mining companies is one of the major tasks both for governments and companies themselves.