Univeristy of the Western Cape
The position of the emerging countries, Brazil, Russia, India, China, and South Africa (BRICS), in the further development of the multilateral trading system.
Abstract
dc:description.abstractThe evolutions of geopolitics are exceptional but nevertheless ensure that events involve international relations. 1 After the period of unpredictability following the 1971 failure of the Bretton Woods system of fixed international exchange rates, in terms of which exchange rates were tied to the price of gold, and the 1973 oil crisis, the need for a well co-ordinated multilateral trading system at the highest level became evident.2 As a result, in 1974, after the first oil shock, an informal intergovernmental organisation namely G group (G5)3 was initiated with a series of meetings in Washington between the United States of America USA, Japan, France, West Germany and the United Kingdom. This group was replaced by the G6 with the addition of Italy. At the first summit of the G6, convened at the initiative of French President Valery Giscard d'Estaing at Rambouillet Castle in 1975, the six leaders of the group of states agreed to meet annually, under a rotating presidency, to informally discuss economic and financial issues.
Degree
thesis:*- Grantor dc:publisher.institution
- Univeristy of the Western Cape
- Year dc:date.issued
- 2014
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Meye, Boris Armel Zue