The BRICS have played an important role at moments in slowing down neoliberal trade policy, but do not depart from a global trade model that has yielded great profits for a few major transnational companies and witnessed a race to the bottom in term of wages, working conditions, and environmental protection.
Chinese investments in Europe have surged in recent years, totaling €35 billion in 2016. This paper examines the nature and scope of Chinese investments, how investments in Europe differ to those made in the Global South, why the Chinese state is interested in investing in the Europe and the implications for social movements committed to social justice.
South Africa under the ANC and its alliance with the BRICS promised a more moral, democratic vision of global governance, but in practice its foreign policy has been too often swayed by narrow commercial interests and short-term growth.
India's foreign policy strategy is driven by a desire to become a major world power and bolstered by the interests of its corporations seeking new markets, but it has come at a cost of deepseated poverty, internal conflicts and repression of social movements.