In the West, Russia tries to reach out to fringe groups – for lack of a better term – whether on the left or the right, who are unhappy with their current governments and would be willing to form a discursive partnership, even if temporary, with Russia.
Almost 21 months into an administration characterized by dramatic economic and political reform, U.S. perceptions of Mexico continue to reflect an echo of Mexico’s past rather than the reality of Mexico’s present. Americans see poverty and insecurity rather than a middle-class democracy that has become a rising export powerhouse and valuable economic partner of the United States intent on deepening engagement with its northern neighbor.
For the leaders of the Brics countries (Brazil, Russia, India, China, andSouth Africa), the announcement in July of their agreement to establish a "New Development Bank" (NDB) and a "Contingent Reserve Arrangement" (CRA) was a public-relations coup.
To transform India into a global manufacturing power with long-term sustainable growth of 9-10 percent, India needs to develop bilateral relations with countries boasting cutting-edge technological prowess: Japan, South Korea, Germany, Britain, France, Israel and the United States, rather than pursue the Goldman Sachs-created fiction of the BRICS, a random grouping of countries that have neither the inner coherence nor the collective vision to achieve a global economic power shift.
President Mahinda Rajapaksa said he welcomes the initiative taken by the BRICS leaders to set up a new international development bank. The President said in a twitter message the new bank will be a helping hand to developing nations.
There is no question that China is the linchpin in BRICS. Now the founding of the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA) suggest that BRICS can be looked to for bold moves in the future, with China leading the charge. All sides agree that this is a mutual partnership with noble goals of reciprocal investment and development, but it’s hard to ignore China’s considerable muscle.
Media in India are praising Prime Minister Narendra Modi's performance at the Brics summit in Brazil amid calls for better ties with China. Papers feel the PM's "debut on the world stage" has put India "squarely on the path of pragmatic internationalism".
A new international development bank and multi-billion emergency lending pool will be setup by Brazil, Russia, India, China and South Africa. The move comes at a summit meeting of BRICS leaders in Brazil.