BRICS -- The Potential of Cooperation

Policymakers and scholars troubled by the race to the bottom created by tax competition espouse a cooperative multilateral solution that will compel universal cooperation. This chapter suggests that cooperation should be treated with caution, as – despite its positive reputation – cooperation is not necessarily good per-se and its consequences are not always desirable. Thus, in considering cooperation, countries – and the BRICS in particular – should not automatically adhere to cooperative initiatives, but rather carefully evaluate the desirability of such initiatives