BRICS begin challenge to Western 'market capitalism'
A refurbished brand of 'state capitalism' offers the strongest challenge to Western dominance since the Cold War
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In this article
- The challengers' agenda
- Tackling relative poverty
- Suspicion of incumbent powers
- Rejection of Washington consensus
- Distrust of Western (particularly US) intentions
- Status of the dollar
- State capitalist alternative?
- State sovereignty and legal recourse
- States, the banking system and monetary policy
- Concerns about trade and capital flows
- State policy and sectoral concerns
- Healthcare
- Natural resources
- Education
- A 'Chinese project'?
- Fissures within the state capitalist camp
- Market capitalist resurgence?
What is this?
This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.
_350.jpg "A technician inspects a ARJ21-700 aircraft model at the Commercial Aircraft Corp of China Ltd factory in Shanghai (Reuters/Carlos Barria)")