P043
BRICS and Africa: the increasing engagement of emerging powers in a resource-rich continent
Convenors:
Gerhard Seibert (ISCTE-IUL)
Alexandra Arkhangelskaya (Institute for African Studies, Russian Academy of Sciences)
Alexey Vasiliev (Institute for African Studies, Russian Academy of Sciences)
Location:
C6.08
Start time:
28 June, 2013 at 10:30
Session slots:
3

Short abstract:

The increasing involvement of new actors, such as BRICS, has allowed African countries to diversify their external partners creating new economic opportunities and additional sources of development assistance. The panel focuses on the different strategies and practices applied by them in Africa.

Long abstract:

In recent years the BRICS countries have significantly expanded their political and economic interests in Africa. Since 2009 the five-country group has increased mutual collaboration and recently proposed the creation of a new development bank. On the other hand, these emerging powers compete with each other for political influence, natural resources, and investment opportunities in Africa that, consequently, has also emerged as a major destination of their development assistance. The BRICS countries now constitute the largest trading partners of Africa and the largest new (not total) investors. The BRICS investment portfolio in Africa is very encouraging and promising. The increasing involvement of these new actors has allowed African countries to diversify their external partners creating new economic opportunities and additional sources of development assistance. BRICS countries represent different histories, cultures, political regimes, and varying degrees of dependency on the external supply of energy and raw materials. Besides they apply different approaches, models, strategies and practices in dealing with African partners. The panel invites papers that address the following and related subjects: a. History of the relations of BRICS countries with Africa during the 20th century. (Dis)continuities of these relations. b. Political and strategic interests of BRICS countries in Africa. c. Trade and investment of BRICS countries in Africa. d. BRICS countries as partners of development cooperation. The papers could be either case studies of individual BRICS countries or comparative studies of two or more emerging powers.