In the framework of the current world economic crisis, new political challenges have risen, particularly for democratic leadership.
The BRIC countries (Brazil, Russia, India and China) already accounts for 40% of the world’s population, 25,9% of its total geographic area, and 40% of global GDP. Combined with its growing middle classes and of its young population, the BRIC will presumably be a factor of growth and stability in the world economy for the decades to come. In their first formal independent Summit (Yekatarinburg, Russia, June 16, 2009), the BRIC Countries called for an increased role of emerging economies and developing countries in the International Financial Institutions.
The world economic crisis is accelerating the transformation of a new global order in which the BRIC, that includes two democracies (Brazil and India), one autocracy (China) and a semi-democratic State (Russia), will play a more prominent role.
The Club of Madrid is currently working on the organization of the roundtable on “The Political Dimensions of the World Economic Crisis: a Perspective from the BRIC Countries” where Members of the Club of Madrid will analyze, together with prominent experts on the issue, the political impact and the special role of BRIC in international politics.