For the past 37 years, the annual G8 summits have generated a wide breadth of declarations and communiqués binding the leaders to hard commitments across a diverse range of global policy issues. The extent to which the G8 members comply with their annual commitments has, in recent years, become...

The G20 and BRICS were born in a crowded world of international institutions following the 2008 financial and economic crisis. The G20 sought to manage the crisis, reform the international architecture and devise a new global consensus. BRICS committed to foster cooperation and policy...

The BRICS countries' position in today's global governance system is defined by their increasing weight in the world economy. According to Jim O'Neill, who in 2001 predicted the economic growth in the BRIC countries, “all four of the BRIC countries have exceeded the expectations I had of them...

The pace of global recovery remains weak. More than twelve months since the G-20 summit in Los Cabos, G-20 members are laboring their way towards “Strong, Sustainable and Balanced Growth” in a clouded world economic outlook, with the eurozone in a state of recession, a combination of policy...

One of the current trends of the Russian Higher Education is strengthening participation of HEIs in global higher education. The increasing number of approaches to universities rankings reflects this trend. International and Russian rankings draw close attention and criticism from academic and...

This article focuses on the two new multilateral development banks dominated by emerging economies: Asian Infrastructure Investment Bank and New Development Bank. The authors explore the main economic and political incentives that lie behind the creation of these institutions, examine challenges...