Towards a renovated global governance – Peace, Energy, Currencies, Trade : the Euro-BRICS partnership, a condition to a non-conflictual cooperation between world blocks
Moscow (MGIMO), May 23-24 2013, organised by LEAP/E2020 in partnership with MGIMO
The crisis of legitimacy faced by the institutions of the global governance system set up after 1945 is resulting in the collapse of the old framework of international cooperation, with apparently nothing ready to replace it, besides a myriad of more or less successful regional integration projects. The supra-national regional entities that are currently being forged, created in a context of increasing emergency, are indeed the building blocks of tomorrow’s multipolar world. These integration processes are certainly a necessary step, but without a new “global” governance framework, capable of harmoniously combining these new components, conflicts of interest will soon oppose them and will quickly lead the world into the logic that prevailed in Europe in the late nineteenth century and the first half of the twentieth century.
Today everyone can see these tensions mounting between blocks on the themes of access to commodities, trade, currencies,.. putting high pressure on the fragile world peace and endangering the impressive development of emerging powers and the long period of prosperity of Western powers.
The next G20 to be held in Moscow in September is the next opportunity that the world gives itself to find solutions to the growing difficulties facing its equilibrium. But time is running out…
The strategic alliance Euro-BRICS:
For three years now and based on three seminars already, LEAP and MGIMO have been advocating a Euro-BRICS strategic alliance wishes to enable:
- Europe to turn more resolutely towards the future dynamics that the BRICS bring the BRICS to find the allies they need to achieve a more balanced global governance system.
In this double simultaneous development, the whole world has everything to gain.
Thus the next Euro-BRICS network meeting will take place in Moscow to discuss four key themes that are potential sources of major conflict for which closer Euro-BRICS alliances could bring solutions:
- Energy and commodities
In each of these areas, the structures of the previous international framework are failing
(NATO, Dollar, OPEC, Doha Round…); in each of these areas, Europe can present successful experiences (ECSC, Euro, peace, European market) ; in each of these areas there are challenges for Europe, the BRICS and the world of tomorrow. That is why each of these areas provides a focus for dialogue between Europe and the BRICS.
The findings of the presentations and discussions that will result from each of these topics will provide the input for strategic recommendations to be forwarded to G20, BRICS and European decision makers ahead of the September G20 summit, fueling the central recommendation of the Euro-BRICS network arising from its last meeting in September 2012: to organise, ahead of the G20 Summit, a mini Euro-BRICS summit to define the common positions likely to provide solutions to the crisis of global governance system.