The Uncertain Future of IBSA (Carnegie Endowment for International Peace)
In 2003, India, Brazil, and South Africa united behind a new vision for South-South cooperation and global leadership. Through the June 6, 2003, Brasilia Declaration, the three countries launched the India-Brazil-South Africa Dialogue Forum (IBSA). Like many other developing country groups, IBSA advocated a more equitable international economic system and greater influence for its members in multilateral organizations such as the United Nations Security Council.
Yet IBSA also had the potential to play a unique role in global governance reform. As regional economic powers, the three member countries were in a good position to promote South-South trade and cooperation and reduce their dependence on Western economies. As diverse and populous democracies, they embodied for developing countries a powerful alternative vision to both mainstream Western neoliberal models and the model of Chinese-style authoritarian development that was gaining attention at the time.
Twelve years later, to what extent has IBSA lived up to these possibilities? Continue reading here.
Photo attributed to IBSA via Flickr Commons.