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Taking the R out of BRIC

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About this Event

11 Apr 2012 @ 12:45

Podcast:
Download the keynote audio podcast here

This is the second lecture in the IIEA series
The Future of the BRICs – Ten Years On

About the Speech:

 

In the second lecture of the IIEA BRIC series, Dr. Nicu Popescu addressed the topic “Taking the R out of BRIC.” 

Dr. Popescu discussed the political dimension of the BRICs, which he believes exists in addition to the economic dimension. Therefore, according to the speaker, we cannot judge a country’s BRIC status solely according to economic and financial statistics, but instead we must also draw on the political interactions. 

 In his recent report, “Dealing with a post-BRIC Russia”, he discussed the high expectations for the re-emergence of Russia as a global power, both from an economic and geo-political perspective. Today however, Dr. Popescu believes that amid fears of Brezhnevisation, there is a pessimistic outlook and growing political tension.  Today, Moscow is home to the highest number of billionaires in the world, highlighting according to the speaker, how unfair and skewed the economic situation is. Dr. Popescu identified all of these factors as “personality issues” that undermine Russia’s BRIC status. 

He also identified a number of “structural issues”, for example in relation to competitiveness and transparency. On competitiveness, Russia is ranked 66th in the world; on infrastructure development, Russia is ranked 100th place in the world; and according to Dr. Popescu, it also ranks relatively poorly on air travel quality, bribery, corruption perception and quality of corporate boards. He believes that these issues prevent Russia from becoming the emerging power that it wants to be.

 

About the Speaker:

Dr. Nicu Popescu is senior research fellow and head of ECFR's programme on Russia and Wider Europe. Before joining ECFR in 2007, he was research fellow at the Centre for European Policy Studies in Brussels, visiting fellow at the EU Institute for Security Studies in Paris and advisor on foreign policy and European integration to the Prime Minister of Moldova.  He holds a doctorate in International Relations from the Central European University in Budapest. 

Theme: Energy and Climate Change  The Wider Europe  Economics and Finance  China  Foreign Policy and ESDP 

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