GRM 2010 GRM 2011

Abstract Details

Family Name:
First Name:
Title of Paper:
GCC-BRICS Strategic Cooperation in the New Era: the Dual Implications of Geo-economics and Geo-politics
Paper Proposal Text :
With the relative decline of the “West” and the rise of the “Rest”, BRICS and GCC are prioritizing each other in their respective global strategy, and are playing increasingly important roles on the world economic, energy and financial arena. The two blocs share complementary and crucial energy interests and similar political values. Different from the western-dominated regional organizations of G7, OECD, NATO, European Union, etc., which highlight the western values of freedom, democracy, human rights, rule of law and Washington Consensus, the member states of GCC and BRICS place more emphasis on the values of economic development, political authoritarianism, incremental reform and non-interference in other’s internal affairs. Geo-economically, the GCC-BRICS strategic cooperation will reshape the century-long global economic architecture of “core, semi-periphery and periphery” since modern times, and will contribute to a more balanced world economic and financial governance through reforms on the IMF and the World Bank; geo-politically, the cooperation between GCC and BRICS will foster a new “balance of power” between “Global North” and “Global South” through G20, the Climate Change Conference and the UN reform. The established powers of US, Canada, Australia, Europe and Japan will constitute one polar (the wheel of political power), and China, Russia, India, Brazil, South Africa and the GCC countries will constitute the other polar (the wheel of economic power). However, the GCC-BRICS cooperation will face various hurdles as well. First, although GCC members regard economic collaboration with BRICS as their priority, their security and defense reliance on the west remains intact. Second, the BRICS members are so geographically dispersive that it is so far still a loose dialogue forum rather than a monolithic regional organization, and their economic slowdown and internal rivalry in recent years may reduce their motivation of cooperation with GCC as their primary orientation.