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BRICS Business Magazine English Edition No.2(23)

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About BRICS Business Magazine

BRICS Business Magazine is a bookazine —

a book-like magazine – addressed to global investors, businessmen, politicians, and experts.

A business and humanitarian publication on rapid-growth markets, it is issued four times a year and explains how to understand others.

The goal of this project is to organize a direct information exchange between the BRICS countries and other emerging markets.

We define a bookazine as a thick magazine with complex printing which is designed for slow reading and filled not in accordance with a constant set of sections, but rather in accordance with the topics chosen. Our bookazine includes (with occasional exceptions) three main kinds of data:

essays and columns that would fit into “Opinions” or “Recommendations” sections
indices, ratings, and rankings
business cases

Industry and event projects as well as investment guides are featured as special add-ons.

Authors & Experts

Dominique Fruchter

Dominique Fruchter

Economist for Caucasus, the CIS, Western Balkans, Switzerland & Ukraine in Coface

Yanis Varoufakis

Yanis Varoufakis

former Finance Minister of Greece, Professor of Economics at the University of Athens

Hector R. Torres

Hector R. Torres

Senior Fellow with the Centre for International Governance Innovation’s International Law Research Program

Jayati Ghosh

Professor of Economics at Jawaharlal Nehru University in New Delhi, Executive Secretary of International Development Economics Associates

Kaushik Basu

Former Chief Economist of the World Bank, Professor of Economics at Cornell University and Nonresident Senior Fellow at the Brookings Institution

Richard N. Haass

Richard N. Haass

President of the Council on Foreign Relations

Branko Milanovic

Branko Milanovic

Visiting presidential professor at City University of New York Graduate Center; former lead economist in the World Bank’s research department

All Authors & Experts

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Succession and Modernization

The first steps taken by the new Kazakhstan government have a great significance for this strategically important country situated in the very heart of the Eurasian continent. The most vital issue currently facing the country and its main foreign partners is proceeding with the policy of modernization, which turned the country into an economic and political leader of Central Eurasia under President Nursultan Nazarbayev.

Person

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Modi: A Watchman in Control

Given its very high ratings, the Bharatiya Janata Party’s victory in the 2014 general election was rather predictable — and still it caused a sensation: The BJP managed to win as many as 282 seats in the 543-seat Lok Sabha, the lower house of the bicameral Indian parliament, and virtually become the sole political leader in the ‘world’s largest democracy’. Compare this with the 159 seats that the BJP, also known as the Saffron Party, ended up with after the previous vote in 2009. The dramatic improvement was attributed by many to the charisma of leader Narendra Modi, who took over as prime minister. Now, the self-proclaimed chowkidar, or watchman, looks back at what was done during his first term in office. Expert views are mixed, with some considering it very successful and others expressing doubts.

Focus

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Rostec's 12 Program

Ensuring the proactive technological modernization of the economy and comprehensive development of the country based on cutting-edge technologies is a priority task, with objectives formulated within a framework of 12 national projects implemented by the government at President Putin’s instruction. The state corporation Rostec is to become a key provider for each of these projects.

Technology

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Central Asia: is the Ménage à Trois with China and Russia Sustainable?

Dominique Fruchter

Central Asia is both a partner and a trade gateway for China and Europe. It is located on two branches of the New Silk Road. Despite criticism, China is the most involved in the development of Central Asian corridors. This deployment is not obvious given the competition from other routes and poor regional cooperation. While Russian influence remains significant through expatriate remittances, its military bases, and culture, it is being supplanted by China in economic matters.

Focus

First They Came for Assange

Yanis Varoufakis

Mike Pompeo, Trump’s first CIA director and now US Secretary of State, once described WikiLeaks as “a non-state hostile intelligence service.” That is exactly right, and it is an equally accurate description of what every self-respecting news outlet ought to be.

Opinion

The IMF Is Fueling an Argentine Crisis – Again

Hector R. Torres

In little more than three years, Argentine President Mauricio Macri’s government has already signed two agreements with the International Monetary Fund. And recent developments suggest that the country’s long and troubled history with the Fund may be about to repeat itself.

Opinion

How to Tax a Multinational

For too long, multinational corporations – and digital firms in particular – have used existing rules to avoid paying taxes in countries where they do much of their business. But recent encouraging signs suggest that the idea of a global corporate tax on these companies’ profits is gaining traction.

Opinion

The Case for a Global Constitution

After decades of globalization, there are more conflicts and disputes spanning multiple jurisdictions than ever before, and they will not be resolved by paying lip service to our shared humanity. The international community needs a new compact of agreed rules, formalized in writing, and enforceable by a designated third party.

Opinion

The Structure of a Diplomatic Revolution

Richard N. Haass

As Israeli politics has shifted rightward, assumptions that underpinned a half-century of Middle East policy have been invalidated. It is time for a paradigm shift in how we think about the Middle East, not because a better diplomatic model has presented itself (it has not), but because the current paradigm is increasingly at odds with reality.

Opinion

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A Grand Fresco: The Origins of Political Order

Branko Milanovic

How do you write about a book that is almost 600 pages long (in small print), has 25 pages of references, and the ambition to explain political institutions from the dawn of mankind to the French Revolution, from kinship-based bands of hunters to Voltaire? This was Francis Fukuyama’s objective in this monumental (yet eminently readable) book, “The Origins of Political Order”.

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The Power of Being New

In Russia, Alpina Publisher unveils Paul Hague’s Business Models Handbook: Templates, theory and case studies as an ultimate guide. But instead of reading it cover to cover, you may well opt to skim through this collection of tools and find the one that’s right for you — few works can claim to be as neat and to the point in describing management principles and approaches to market analysis and business strategy. BRICS Business Magazine invites you to read two excerpts and see it for yourself.

Book

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