World
Multidisciplinary Perspective of Association of Five Major Emerging Economies
By Kester Kenn Klomegah
The BRICS, an association of five major emerging economies Brazil, Russia, India, China and South Africa, has a significant influence on regional affairs and is very active on the global stage.
All of them are members of the G20. While the group has received both praise and criticism from different corners of the world, BRICS is steadily working towards realizing its set goals, bilateral relations among them are also conducted on the basis of equality and mutual benefits.
In this exclusive interview for IDN, Dr Byelongo Elisée Isheloke, who is currently a Postdoctoral Research Fellow at the University of Cape Town and has scholarly researched some aspects of BRICS for the past ten years, spoke with Kester Kenn Klomegah about his latest book titled “BRICS and Economic Development: A Multidisciplinary Perspective” published in India. Here are the interview excerpts:
What are the driving reasons for writing the book on BRICS?
Interestingly, BRICS has opened the door to new academic research opportunities. As an academic, I have written four books but this is the first one devoted entirely to BRICS topic. I have also written a few articles on the BRICS aspects. I have researched on BRICS right from its creation. From day one, I believed that BRICS will shape the economic situation of the World and will have an impact on multilateralism.
The book is well received by academics in South Africa. I hope BRICS experts and researchers will continue debating on burning issues in the book. I still believe that while competition with the World Bank and IMF is inevitable, there still is a level of understanding and cooperation that must be upheld for stability and win-win engagements between the two blocs. Peace and stability in the world also depend on that.
My doctorate studies focused on BRICS interventions in the South African mining sector. I have a background in business studies and have embarked on research on industrial and economic issues for years.
As an academic, this has become another research area of specialization. It is a force to reckon with. I wrote the book or rather I co-authored it out of passion and conviction. It is also a research product of many contributors or co-authors. I thank them for working with me in this project.
What important key issues are raised or discussed in the book?
Important key issues raised include: First and foremost, BRICS is still important today but it faces a number of challenges: trade war, border conflicts, corruption, political issues, corona crisis and other socio-economic problems. Secondly, the current BRICS partnership is not sustainable, from its creation, the BRICS has changed in purpose and priorities. It will continue to change.
The third point here is the idea of BRICS Plus, or additional members to join the BRICS. That was a brilliant one. The organization should not be static. It has never been. Some European countries wanted to join but in vain, Africa is represented in the BRICS but South Africa should be supported. It is my opinion. The relationship between Russia and South Africa as a gateway to the rest of the continent is looked at. It is obvious that the people of Africa need more development than it is the case today.
The tigers suggested joining as emerging economies. I submit that the criteria to add countries based on whether they are emerging economies do not hold. Economics fluctuate and emerging economies today may struggle tomorrow.
If countries join based on merit or potential contribution, I will suggest African countries to join as observer countries first, and then when they are ready they may become effective members. The Democratic Republic of Congo (DRC), for example, has a lot to offer as potential so also have other African countries.
We raised the issue of the knowledge economy as a priority, IT, port economics, BRICS banking effectiveness, language policy and many other issues. BRICS needs to coordinate their collective action towards solving the coronavirus crisis with the rest of the world. A “global” solution is needed, that means a global solution with local implications.
Brazil, Russia, India, China, and South Africa are the important players of the emerging markets in the global economy and their innovation profiles matter for the economic growth of individual countries and the bloc.
The purpose of this book is to critically analyze and compare the international rankings in innovation outputs in terms of knowledge and technology outputs among the BRICS countries, in relation, to their economic growth in the last two years.
Using a variety of research conducted separately, this e-book discusses matters of economic substance from an African perspective. It identifies the negative scores of the BRICS as a partnership as it is faced with death and seeks to understand its rebirth, restructuring or re-engineering in the aftermath.
The study further assesses the strengths of BRICS and advises how to capitalize on these for a steady economic growth going forward. It looks at economic issues affecting the BRICS or its member countries with a focus on South Africa.
The issue of language policy in the partnership was not forgotten and possible solutions to language planning issues are proposed. On this aspect, the people of the BRICS member countries should be consulted. The book calls for a bottom-up approach in conjunction with the top-down approach that was promoted from the BRICS inception.
What critical challenges do you think still remain and what measures needed in order to realize fully the goals set by BRICS?
The BRICS must be open to others, better coordinate, better synergise their actions, democratise their institutions, to promote mineral beneficiation and foreign direct investment. More peacebuilding efforts and do more in creating a digital economy.
In addition, there will be areas where BRICS will compete, and this is healthy to any economy, but there must be more focus on what BRICS can do together to address abject poverty, growing unemployment and human rights abuses.
It is significant to note that there exist disparity and different strategic orientations of BRICS members. This disparity sometimes influences the implementation of decisions arrived at meetings. The book recommends to member countries to streamline individual economic situation in order to strengthen their cooperation.
It further encourages frequent interactions and exchange knowledge that is relevant to innovation and economic development. These are just part of the challenges and opportunities for this organisation.
What’s your assessment of BRICS contribution, particularly, to South Africa?
Starting as BRIC (Brazil, Russia, India and China) the partnership incorporated South Africa in 2010 to form the BRICS. As a partnership, first, as a political initiative it takes relatively long to transform into robust and ambitious economic challenges of the current world order. It takes time to evolve into an economic power bloc. There has been a tremendous achievement in this regard. Although some similarities in development exist, India portrays a slightly high prospect in innovation because of its information communication technology success, followed by Brazil and South Africa.
It is important to point that the size of the population is relevant to the level of development of these countries. In certain circumstances, demographics add to the challenges member countries face, especially in time of COVID-19.
One of the key factors is innovation strength in their system of higher education. South Africa needs the utilization of efficient local and global knowledge network in order to deliver the required innovation, and to sustain businesses and to boost economic development.
The major problem of South Africa is that it is not robust economically compared to its BRICS counterparts, and its economy has been performing badly since the 2008/2009 world’s economic crisis. This is why South Africa must be supported by other African countries in the context of BRICS. This is why the idea of an Africa-friendly BRICS Plus is campaigned for. BRICS have to deliver on capital-intensive infrastructure development, and the funding from the New Development Bank (BRICS) is critical in this regard.
With good policies in place, this will help the SADC region and the rest of Africa. It is great that the branch of this bank operates from Johannesburg in South Africa. This is an opportunity for major infrastructure projects to take place in Africa. All the sectors need to come together to solve problems like the COVID-19 pandemic that we are facing today. All the stakeholders, of course, have to work closely together. They need to cooperate with Europe, America and Australasia. The fact is that no one must be left behind.
In all these, can you assess the role of BRICS in Africa’s development?
BRICS has helped during the coronavirus crisis, in Africa. Now it needs to support FDI even more. Now it needs to support democracy and peacebuilding in Africa. Now it needs to prioritize exchange programs, education, trade and other viable areas of cooperation. I still hold to the fact that BRICS have to make collective efforts in coordinating with the rest of the world in addressing the coronavirus crisis.
Supporting African countries in debt relief efforts would help. A paradigm shift or change in that directions would mean Africa will have more liquidity to inject in economic development.
This interview was originally published in InDepthNews.
World
Honest View Award: Moscow Rewards Best Foreign Journalists, Bloggers
By Kestér Kenn Klomegâh
On December 3, Moscow prepares to hold its ground-breaking International Honest View Award for foreign journalists and bloggers in a planned ceremony.
The 2024 award has collected a record number of applications for all three years of its existence – 488 competition materials from 59 countries, including Argentina, Germany, Israel, India, Iran, Canada, China, Norway, Romania, Serbia, Slovakia, Turkey, 19 African countries and all CIS countries.
The goal of the Honest View Award is to identify the best materials from foreign media and authors who cover humanitarian, cultural and economic initiatives of the Russian Federation abroad, as well as joint global, interregional and inter-country projects with Russia. According to the organizers, the world is in demand for objective information about Russia, its international activities and projects abroad.
The competition for foreign media is annually held in order to identify, popularize and promote the best journalistic experience in covering the humanitarian activities of the Russian Federation abroad. The surge in the applications, as compared to the previous years, demonstrated a growing interest in reporting on Russia, especially in the context of the changing geopolitical situation.
This is not the limit: based on the dynamics of growing interest in the contest in the previous two years, the Organizing Committee has expanded the geography to all the continents – especially since the contest was receiving attention from international associations that unite journalists from different regions and strive to maintain high standards of the profession.
It is also aimed at inspiring and motivating foreign journalists to join the movement for multipolar change and make a departure away from criticisms to promote Russia’s image abroad. The works of foreign journalists and bloggers were evaluated by the members of an Expert Council and the Media Award Jury.
The most popular nomination was “Best Material on International Cultural Partnership with Russia” – 159 applications were received. 132 authors are competing for the victory in the nomination “Best Material on Social and Humanitarian Topics” and 103 materials have been submitted in the nomination for “Best Material in the Genre of Journalism and Documentary” after the deadline on 25th September 2024, according to reports.
One of the innovations of the award in 2024 is the nomination for young journalists aged 18-25, and it has found its audience: more than 15% of the applications received for the competition were submitted by applicants under 25. This year’s innovation – the nomination “Best Material by Young Journalists about the Russian Federation” – attracted 54 young and aspiring journalists aged 18-25 to the competition. The most talented and active participants will be invited to Moscow in early December to attend the Media School, which includes lectures, master classes and trainings by Russian and foreign experts on international issues, global challenges, mastering modern journalism formats and mass communication technologies in the context of covering international humanitarian projects.
Another innovation of this year included the special nomination for the author of the material covering cooperation within EAEU, BRICS and other international projects and initiatives. The winner in this category was selected by the Competition Jury together with one of the Award’s partners. The final results of the award will be announced at the award ceremony for the winners and laureates on 3rd December 2024 in Moscow.
Reference: The Honest View Media Award is being held for the third year and has already become a platform for uniting journalists and bloggers from all over the world. In 2022, 118 journalists from 28 countries participated in the award. Participants from Uzbekistan, Montenegro, Tajikistan, Belarus, and Iran were the winners of the competition. In 2023, the geography of the award expanded, and the number of participants doubled: 250 works from 51 countries were received.
In 2024, journalists and bloggers from 59 countries submitted applications for the competition, including Abkhazia, Azerbaijan, Argentina, Armenia, Bangladesh, Belarus, Benin, Burkina Faso, Gabon, Ghana, Guinea, Germany, Greece, Egypt, Zambia, Zimbabwe, Israel, India, Iran, Kazakhstan, Cameroon, Canada, Kyrgyzstan, China, Congo, Costa Rica, Kyrgyzstan, Latvia, Lebanon, Malaysia, Mali, Morocco, Moldova, Mongolia, Norway, Paraguay, Peru, Romania, Senegal, Serbia, Syria, Slovakia, Tajikistan, Thailand, Togo, Tunisia, Turkmenistan, Turkey, Uganda, Uzbekistan, Finland, CAR, Chad, Montenegro, Ecuador, Ethiopia, South Africa, South Ossetia.
The organizer of the award and media school is the Federal Agency for the Commonwealth of Independent States, Compatriots Living Abroad, and International Humanitarian Cooperation (Rossotrudnichestvo). The operator of the competition and media school is the AGT Communications Agency, one of the leaders in the communications industry of Russia and the CIS countries.
World
Abidjan-Lagos Corridor Highway Under Construction
By Kestér Kenn Klomegâh
Never underestimate the power of the Economic Community of West Africa States (ECOWAS), also known as CEDEAO in French and Portuguese, created on 28th May 1975 as a regional political and economic union bringing together fifteen (15) countries of West Africa. Per the date of its establishment, this so-called regional bloc marks its 50th year in 2025, a significant historical celebration.
Considered one of the pillar regional blocs of the continent-wide African Economic Community (AEC), ECOWAS generally has its primary common goal of working consistently towards achieving, what is first referred to, as “collective self-sufficiency” for its member states by creating a single large trade bloc by building a full economic and trading union. Additionally, ECOWAS aims to raise the living standards of an estimated population of over 425 million people and to promote economic development based on the principles of interdependence, solidarity, and cooperation.
Until writing this article, ECOWAS has frequently been discussing and reviewing the Abidjan-Lagos Corridor Highway Development Project, one single regional infrastructure project these several years. It has shown its total commitment to looking for funding while billions have been siphoned by leaders into foreign banks. African leaders are quick negotiating and paying for foreign military weapons but are grossly unsuccessful in soliciting similar assistance from these external partners to invest in infrastructure development such as the Abidjan-Lagos Corridor Highway Development Project.
West African Highway Launched in 2017
The construction of this proposed grandiose West African highway has its chequered history. The proposed project was successfully launched in 2017, and since then it has had a series of high-powered meetings and conferences, technical studies have been conducted, and the construction to its feasibility and practical operationalization. The Abidjan-Lagos highway, the six-lane dual carriage highway, is estimated at $15.1 billion.
On resource mobilization, it was explicitly noted that ECOWAS had adopted a new regulatory framework on the Public Private Partnership (PPP) – an incentive for the entry of the private sector in large investments like the nature of this project. The African Development Bank (AfDB) on behalf of the development partners offered its assurance for unwavering commitment to the realization of the highway.
Akinwunmi Adesina, President of the African Development Bank (AfDB) has several times highlighted the importance of the Abidjan-Lagos highway as an infrastructure project in West Africa that would ease the free movement of people, goods and services, generate social and economic activities, and ultimately promote cross-border trade within the region, its economic viability and enormous potentials especially now that African Union looks to implement the African Continental Free Trade Area (AfCFTA). Noticeably, Africa has long been considered a frontier for manufacturing, technology, for food production. Africa is getting ready for business, it is busily building the world’s largest single market of 1.4 billion people.
Special Meetings and Technical Consultations
Several meetings upon meetings and meetings have been held since the project was proposed in 2017. Since 2017, paid meetings have been held, and experts have been paid. The latest of such a paid meeting was held on November 10-11, 2024. This roundtable was initiated following the instructions given to the ECOWAS Commission. Late September 2024, such a roundtable meeting was held in Abidjan, the capital city of Côte d’Ivoire, under the auspices of the Commission of the Economic Community of West African States (ECOWAS), the African Development Bank (AfDB) and the ECOWAS Bank for Investment and Development (EBID).
The highway corridor is calculated to be approximately 1,080 km long. It will connect some of the largest and most economically dynamic cities Abidjan, Accra, Cotonou, Lomé and Lagos while covering a large proportion of West Africa’s population. It will also link very vibrant seaports in West Africa. In addition, it will serve all the landlocked ECOWAS member-states, for example, Burkina Faso, Mali and Niger in the region. Nearly 40 million people are estimated to be living along the Abidjan-Lagos corridor while 47 million people travel along the axis every year. These are expected to be direct beneficiaries of the development of the project touted to be a real backbone of trade in the region.
According to official documents, this highway project falls in line with the key objectives of the ECOWAS Vision 2050, including (i) facilitating the movement of people and goods, and (ii) accelerating trade and transport, regional and international, improving road infrastructure. It is eventually expected that the transport corridor will be transformed into a development corridor to stimulate investment, sustainable development and poverty reduction within the entire region.
West African Highway and AfCFTA
The focal point of controversy and debate, these several years, are centred on the mechanism of financing, and the state-of-the-art management of this new mega-highway – from planning through practical construction to its final commissioning, ready for cutting-edge usage by the transport industry. The idea of prioritizing highway innovation, signalling a bold leap in West Africa’s transportation infrastructure, is its recognizable potential transformative impact. Simply intended to improve and facilitate the movement of services, goods and people across the region. The Abidjan-Lagos Highway highlights its potential to enhance regional connectivity and drive economic growth, especially with the establishment of the African Continental Free Trade (AfCFTA), the ambitious flagship of the African Union (AU).
According to ECOWAS’ latest document issued after their two-day special meeting held on November 11 in Abidjan, Côte d’Ivoire, “experts have lauded findings of the study which has among others, unveiled a potential $6.8 billion investment prepared and ready to be implemented to unlock economic growth and enhance the viability of the proposed highway.” The overall objective is to identify and unlock the inherent and latent economic potential (short, medium and long-term) and commercial viability of economic and industrial value chain projects. These economic projects, once implemented, will also generate trade volumes and traffic to augment the viability of the highway.
The final draft reports were issued after groups revisited (that was not the first time) several tolled bridges and roads in Abidjan for knowledge and experience sharing strategy envisaged for the Abidjan-Lagos Highway. At the end of the exercise, the study report (re)validated commitment to unlock the inherent and latent economic potential of the highway construction and estimated $6.8 billion in potential investment in the region.
Final Construction Still Out of Sight
For the past few years, significant attention has been drawn by the widely publicized announcement of securing enough funds from African banks and external sources for the construction of this regional highway which could become a cornerstone, and the public narrative of achievement by ECOWAS, which marks its 50th year in 2025. However, transport industry analysts, researchers and experts have already cast serious doubts and skyline scepticism if ECOWAS could live up to this onerous task. Grandiose ceremony-infested ECOWAS future task of achieving its primary target of constructing a ‘speed-highway’ remains an eternal dream. Noticeably, ECOWAS has little to celebrate, except its existence by name, (the golden jubilee) at its 50th year in May 2025. At least, Africans will rather jubilate over the authenticity of reforming and transforming the Economic Community of West African States (ECOWAS).
World
Criticisms Trail $300bn Climate Finance Deal
By Adedapo Adesanya
After many delays and negotiations, richer countries agreed to take the lead on raising at least $300 billion per year by 2035 to support climate adaptation and emissions reduction projects in developing nations.
This came after two exhausting weeks of chaotic bargaining and sleepless nights at the Conference of Parties (COP29) held in Baku, Azerbaijan.
Other donors — including less wealthy countries, development banks, and private investors — were also invited to chip in. The agreement also called on all these parties to work, on a voluntary basis, toward the goal of $1.3 trillion.
The figures are far lower than what many in Baku had hoped for with delegates from countries like India, Kenya, and Vanuatu among others lamenting the agreed amount. Expectations were around $2.3 trillion.
“The amount that is proposed to be mobilised is abysmally poor. It’s a paltry sum,” said Indian delegate Chandni Raina.
“This document is little more than an optical illusion. This, in our opinion, will not address the enormity of the challenge we all face.”
“The commitments made in Baku — the Dollar amounts pledged and the emissions reductions promised — are not enough. They were never going to be enough,” said Ralph Regenvanu, climate envoy from the island nation Vanuatu. “And even then, based on our experience with such pledges in the past, we know they will not be fulfilled.”
“This COP has been a disaster for the developing world,” said Mohamed Adow, the Kenyan director of Power Shift Africa, a think tank.
“It’s a betrayal of both people and planet, by wealthy countries who claim to take climate change seriously.”
Nations struggled to reconcile long-standing divisions over how much rich nations most accountable for historic climate change should provide to poorer countries least responsible but most impacted by Earth’s rapid warming.
The climate envoy of the European Union, Wopke Hoekstra said COP29 would be remembered as “the start of a new era for climate finance”.
Despite repeating that no deal is better than a bad deal, this did not stand in the way of an agreement, despite it falling well short of what most of these delegates wanted.
The final deal commits developed nations to pay at least $300 billion a year by 2035 to help developed countries green their economies and prepare for worse disasters.
A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against climate change and cut emissions of planet-warming greenhouse gases.
UN climate chief, Mr Simon Stiell acknowledged the deal was imperfect.
“No country got everything they wanted, and we leave Baku with a mountain of work still to do. So this is no time for victory laps,” he said in a statement.
The United States and EU have wanted newly wealthy emerging economies like China — the world’s largest emitter — to chip in.
The final deal encourages developing countries to make contributions on a voluntary basis, reflecting no change for China which already provides climate finance on its own terms.
The deal posits a larger overall target of $1.3 trillion per year to cope with rising temperatures and disasters, but most would come from private sources.
Wealthy countries and small island nations were also concerned by efforts led by Saudi Arabia to water down calls from last year’s summit in Dubai to phase out fossil fuels.
A number of countries also accused Azerbaijan, an authoritarian oil and gas exporter, of lacking the experience and will to meet the moment, as the planet again sets temperature records and faces rising deadly disasters.
The next COP will hold in Brazil in 2025.
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