The Global Crisis and the New World Role of the BRICS

Introduction

In his book, "The Global Crisis and the New World Role of the BRICS," João Paulo dos Reis Velloso argues that the global financial crisis of 2008 marked a turning point in the world order. He contends that the crisis exposed the weaknesses of the existing global economic system and created an opportunity for the BRICS countries (Brazil, Russia, India, China, and South Africa) to play a more significant role in the global economy.

The Global Financial Crisis

Velloso begins by providing a detailed account of the global financial crisis. He explains how the crisis originated in the United States with the subprime mortgage market and then spread to Europe and other parts of the world. He argues that the crisis was caused by a combination of factors, including deregulation of the financial industry, excessive risk-taking by banks, and a lack of oversight by regulators.

The Rise of the BRICS

Velloso then discusses the rise of the BRICS countries. He argues that the BRICS countries have emerged as major economic powers in recent years and that they are well-positioned to play a more significant role in the global economy. He points to the BRICS countries' strong economic growth, large populations, and abundant natural resources as evidence of their potential.

The New World Role of the BRICS

Velloso concludes by arguing that the BRICS countries have the potential to transform the global economic order. He contends that the BRICS countries can use their economic power to promote a more just and equitable global economy. He also argues that the BRICS countries can play a leadership role in addressing global challenges such as climate change and poverty.

Why You Should Read This Book

"The Global Crisis and the New World Role of the BRICS" is a must-read for anyone who wants to understand the global financial crisis and its implications for the future of the world economy. Velloso provides a clear and concise explanation of the crisis and he offers a compelling argument for the importance of the BRICS countries in the new global order. This book is essential reading for anyone interested in economics, international relations, or the future of the world.

Praise for "The Global Crisis and the New World Role of the BRICS"

"A brilliant analysis of the global financial crisis and its implications for the future of the world economy. Velloso provides a compelling argument for the importance of the BRICS countries in the new global order." - Joseph Stiglitz, Nobel Prize-winning economist

"A must-read for anyone who wants to understand the global financial crisis and its implications for the future of the world economy. Velloso offers a clear and concise explanation of the crisis and he provides a compelling argument for the importance of the BRICS countries in the new global order." - Jeffrey Sachs, Director of the Earth Institute at Columbia University

"A timely and important book. Velloso provides a valuable perspective on the global financial crisis and the rise of the BRICS countries. This book is essential reading for anyone interested in economics, international relations, or the future of the world." - Fareed Zakaria, CNN host and author of "The Post-American World"