Bulletin n. 2/2016
December 2016
INDICE
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Raimondi Paolo
    Il programma dei BRICS per la costruzione di un nuovo ordine mondiale
    in Rivista di Studi Politici Internazionali , Volume 83, n. 1, gennaio-marzo ,  2016 ,  27-48
    Working on official documentation produced by the BRICS summits and by the most important economic and political international organizations, the Author intends to show the global strategic importance of the BRICS coalition which goes much beyond its non secondary relevance as a new economic and political block. Seventy years after its creation, the Bretton Wood ssystem, in which the dollar has been the only currency of reference in trade, in finance and in the monetary reserves, has concluded its historical cycle. Time has come to create a more transparent and balanced new economic order in which the emerging markets became the main motor of development. The BRICS alliance is becoming the main instrument of such epochal change. The Author intends to demonstrate in the most concrete way how such a change, to be effective also in political terms, is going to be realized through new agreements in the monetary, trade, financial sectors. And particularly in the sectors of economic,social and infrastructure development. The analysis shows the different steps to create the preconditions for the new economic order: new credit development institutions like the BRICS New Development Bank, the Contingent Reserve Arrangement, as a reserve fund to face possible monetary destabilizations, and the Asian Infrastructure Investment Bank; the growing use of national currencies in trade and financial exchanges, also through the monetary swaps instrument which allows to settle trade in the agreed currencies; the realization of large continental infrastructure development projects which should become the motor of a new global industrialization and technological modernization by which Eurasia would become the center of the planetary development and the alternative model to the bankrupted financialization of the global economy and to the different ‘post industrial ideologies’; the creation of a basket of important currencies which will lay the foundations of a multi-polar international monetary system. In such a process Europe is called to take a clearstand, to reaffirm her ‘emancipation’ and political sovereignty based on her own interests and founding values. Not a policy ‘against’ but a policy ‘with and for' stability and global development. Only a dangerous political short sight could delay such profound changes, inevitably generating serious tensions and conflicts which will be very difficult to manage.
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