From a framework of a gradual economic development of the partners, also if with different speed, since the early years of the constitution of the grouping, the global crisis of 2008 and the increasing difficulties in recent years of Brazil, which in struggling with political turbulence and the devaluation of its currency, and those of South Africa, which is facing with a progressive decline in economy, increased the imbalance between the partners, with an increasing weight gained of China inside the team, even on India and Russia.
According to the Economics, an infrastructure is commonly defined as the network of goods and services representing the fundamental element for the socio-economic development of a country.
Within the scope of the goods, purely economic are considered those basic infrastructures which allow the State to exercise the function of stimulating development; in addition, to such infrastructures we have to link the so called social infrastructures that guarantee the basic services to the citizen, ie those infrastructures that must have a high accessibility, at low-cost conditions, to allow the country to grow; in this framework we find the so called primary services such as transport, energy and telecommunications.
The need to face the infrastructural gap and the lack of resources among the BRICS countries had induced governments to create in 2015 their own financial institution, the New Development Bank (hereinafter NDB), whose task was firstly and foremost to coordinate the different infrastructural needs, and secondly to maintain the main focus on sustainable development.
However, since it was born recently, this new institution is still confronted today with various obstacles: how to define, build, measure and monitor sustainable development? How to incentivize investments? How to formalize these commitments with the interested parties?
The aim of this paper is to explore the role of Brazil, Russia, India, China and South Africa (BRICS) in promoting and enhancing sustainable development. In the present historical period, this is a crucial issue. According to several scholars, we already are in the new era of Anthropocene and the human impact on the life on the Earth system is very near to become irreversible. The serious engagement of all countries – developed, developing, and emerging – is needed to mitigate the impact of human action on environment, enhancing the transition to sustainable development (Basile and Baud, 2018).
From a framework of a gradual economic development of the partners, also if with different speed, since the early years of the constitution of the grouping, the global crisis of 2008 and the increasing difficulties in recent years of Brazil, which in struggling with political turbulence and the devaluation of its currency, and those of South Africa, which is facing with a progressive decline in economy, increased the imbalance between the partners, with an increasing weight gained of China inside the team, even on India and Russia.
Читать дальшеAccording to the Economics, an infrastructure is commonly defined as the network of goods and services representing the fundamental element for the socio-economic development of a country. Within the scope of the goods, purely economic are considered those basic infrastructures which allow the State to exercise the function of stimulating development; in addition, to such infrastructures we have to link the so called social infrastructures that guarantee the basic services to the citizen, ie those infrastructures that must have a high accessibility, at low-cost conditions, to allow the country to grow; in this framework we find the so called primary services such as transport, energy and telecommunications.
Читать дальшеThe need to face the infrastructural gap and the lack of resources among the BRICS countries had induced governments to create in 2015 their own financial institution, the New Development Bank (hereinafter NDB), whose task was firstly and foremost to coordinate the different infrastructural needs, and secondly to maintain the main focus on sustainable development. However, since it was born recently, this new institution is still confronted today with various obstacles: how to define, build, measure and monitor sustainable development? How to incentivize investments? How to formalize these commitments with the interested parties?
Читать дальшеThe aim of this paper is to explore the role of Brazil, Russia, India, China and South Africa (BRICS) in promoting and enhancing sustainable development. In the present historical period, this is a crucial issue. According to several scholars, we already are in the new era of Anthropocene and the human impact on the life on the Earth system is very near to become irreversible. The serious engagement of all countries – developed, developing, and emerging – is needed to mitigate the impact of human action on environment, enhancing the transition to sustainable development (Basile and Baud, 2018).
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